The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz. Utilising information from online platform sharing sites matched to information from financial institutions, the ATO is targeting 190,000 individuals to make sure they have not…
DetailsThe Government has moved to put an end to ‘eternal students’ who constantly study and never earn an income and speed up the payment cycle for those with outstanding debt. New lifetime caps on Higher Education Loan Program (HELP) debt will prevent people from constantly going to University without converting that study into a…
DetailsThe key issues with the ‘cash’ economy is that it disadvantages our community and is completely unfair to honest taxpayers and honest businesses who make every effort to comply with the tax law.
DetailsThe Australian Taxation Office (ATO) is committed to educating taxpayers on how to protect themselves against tax scams and identity theft. It says that up to the end of last financial year, $2.7 million was handed over to fraudsters, with about 2,500 individuals providing some sort of personal information to scammers, including tax file numbers.…
DetailsWill you find yourself in the ATO spotlight this year? Avoid these costly tax return errors and reduce your chances of appearing on the ATO’s audit radar.
DetailsWith the end of the financial year only a few days away, you still have time to take action to legally reduce your small business tax liability for 2017.
DetailsIt’s becoming more and more common for people to spend at least a small portion of their time working from home. For this reason you may be entitled to claim deductions in your tax return for home office running expenses or home office occupancy expenses. But there is a distinct difference between the two claim…
DetailsThe ATO has warned that they will be auditing more taxpayers this year. Avoid a tax audit with this very handy tax-time tool.
DetailsAre you claiming too much rebate on your private health insurance? Here’s how to avoid a tax liability.
DetailsNovated leases. What are they? How do they work? Find out how salary-packaging a car might be a tax-effective option for you.
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