Latest News | Hughes O’Dea Corredig

March 2022 – Practice Update

Tax deductibility of COVID-19 test expenses After much speculation, the Government announced that COVID-19 tests, including Polymerase Chain Reaction (‘PCR’) and Rapid Antigen Tests (‘RATs’), will be both: tax-deductible; and exempt from FBT; broadly where they are purchased for work-related purposes. This will require the introduction of new specific legislation (i.e., to clarify that work-related...

December 2021 – Practice Update

After yet another year of challenges, we would like to take this opportunity to thank our clients for their ongoing support and understanding throughout 2021. We look forward to welcoming you back in 2022 and working with you to reach your financial and personal goals. From all of us at Hughes O’Dea Corredig, we wish...

November 2021 – Practice Update

Varying PAYG instalments due to COVID-19 Taxpayers can vary their pay as you go (‘PAYG’) instalments throughout the year if they think they will pay too much, compared with their estimated tax for the year. To assist taxpayers who continue to be affected by COVID-19, the ATO has stated that it will not apply penalties...