The 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.…
Will 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.
It’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…
The ATO has warned that they will be auditing more taxpayers this year. Avoid a tax audit with this very handy tax-time tool.
Are you claiming too much rebate on your private health insurance? Here’s how to avoid a tax liability.
Novated leases. What are they? How do they work? Find out how salary-packaging a car might be a tax-effective option for you.
Are you an Uber driver? Beware the tax side effects! Uber drivers must have an ABN and be GST registered.
Do you have late, overdue tax returns? Are you feeling stressed and worried over tax matters? Let us help to put your mind at ease. We’re ready to help.
If you recently have or ever plan to apply for certain tax offsets, concessions or government benefits, the basis for eligibility can be determined based on your “adjusted taxable income” (ATI).
Often, I am asked by clients “Why do I pay HECS in my tax return when my employer withholds HECS and pays it for me?” The answer is quite simple and this article explains exactly what happens with the extra tax deducted from your pay.