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Mark Chapman is director of tax communications at H&R Block, Australia's largest firm of tax accountants, and is a regular contributor to Money. Mark is a Chartered Accountant, CPA and Chartered Tax Adviser and holds a Masters of Tax Law from the University of New South Wales. Previously, he was a tax adviser for over 20 years, specialising in individual and small business tax, in both the UK and Australia. As well as operating his own private practice, Mark spent seven years as a Senior Director with the Australian Taxation Office. He is the author of Life and Taxes: A Look at Life Through Tax. Connect with Mark Chapman on LinkedIn.
Why the ATO is checking up on your crypto investments
Of the hundreds of thousands of Australians who have invested in cryptocurrency, many have failed to report their profits.
Why an EOFY sale for a gym membership is missing the point
As I walked to the coffee shop, I noticed that the gym next door had an end of financial year sale. That set me wondering: why on earth would a gym have an EOFY sale?
Tax office spotlight: who the ATO is targeting this tax time
Who is in the ATO's sights this tax time? They're looking at two main areas: work-related expenses and claims made by investment property owners.
How a standard deduction would cost tradies at tax time
Eliminating work-related tax deductions in favour of a standard deduction would simplify the tax process but at the cost of tax-payers, particularly tradies, writes Mark Chapman.
The good news for anyone claiming a home office on tax
If you claim deductions for working from home, there's good news. The hourly rate that you can claim for deducting home office expenses is increasing.
Do I have to pay tax on my workers’ comp payment?
If you receive a workers' compensation payment, determining whether it is taxable can be confusing.
Can you claim a tax deduction for Christmas gifts and donations?
We donate at Christmas to help others, but giving to charity is also often tax deductible. So what do you have to do to ensure that you can get tax relief next time you lodge your tax return?
When does a hobby become a side business in the ATO’s eyes?
If you bake a few cakes and sell them at a local market on a Saturday morning, or make quilts that you sell to friends, you might think it can't possibly be taxable. Sadly, you'd probably be wrong.
How to subdivide without falling into the tax trap
Subdividing your property can mean big profits but first you need to be aware of the tax consequences.
The bizarre deductions Aussies are trying to claim at tax time
Edible underwear. Breast implants. Cigarettes. These are the baffling and bizarre deductions Aussies thought they could get away with at tax time.
Money Newsletter
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