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Tax time

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If you’re someone who has historically been lax with record keeping, you can expect an audit from the Tax Office’s new AI-powered systems.

Think twice this tax time - the Tax Office has AI watching

If you’re someone who has historically been lax with record keeping, you can expect an audit from the Tax Office’s new AI-powered systems.

  • Victoria Devine

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How to ditch the tax time blues and maximise your return

Tax time can be a painful process, and many people put off filing their tax return. Here are some tips to make it easier and get more back.

  • Dominic Powell
The dunny outside the Spooners’ Bendalong pad

The fibro shack with a backyard dunny that’s worth more than $2 million

Long-time owners of traditional beach shacks are facing hefty land tax bills because nostalgic Sydneysiders with cash to burn have pushed up property prices.

  • Catherine Naylor
The ATO has put property investors on notice as they will scrutinise rental income and deductions in particular at tax time this year.

The dodgy tax deductions landlords are being warned not to claim

Taxpayers spend billions every year on deductions for property investors, and the Australian Tax Office has some questionable claims in its sights this tax time.

  • Tawar Razaghi
The Sonos Ray is a tiny soundbar, but with more depth than most.

The best home tech for your buck this tax time

From TVs and headphones to smart home gadgets, here are our top picks if you’re planning a splurge with your tax refund this year.

  • Tim Biggs

The tax trick everyone earning more than $45,000 needs to know

As the end of the financial year approaches, it’s time for everyone, particularly those earning more than $45,000 a year, to have a good look at the tax savings available on money funnelled into superannuation.

  • Jessica Irvine
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The ATO has flagged the areas it will be targeting in this financial year’s tax returns.

Crypto, NFTs in crosshairs as ATO cracks down on digital economy

The ATO has released its tax time hit-list for this financial year, and work-related expenses and cryptocurrency profits are in the firing line.

  • John Collett
Small businesses and individuals were responsible for most of the missing tax dollars.

Missing millions: Tax gap jumped to $33.5 billion ahead of pandemic

The ATO estimates nearly $34 billion worth of tax was not paid in the year before the pandemic hit, with small businesses responsible for the majority.

  • Jennifer Duke
About 40 per cent of Australians are working from home, opening up a range of new potential tax deductions.

Why 2020-21 could provide your biggest tax refund yet

Unprecedented working-from-home tax deductions plus tax cuts offered by the federal government mean more than half of taxpayers can expect their biggest tax refund this year.

  • Joel Gibson
ATO assistant commissioner, Karen Foat, says that despite needing to process a record number of tax returns, tax refunds have begun arriving in bank accounts

Bumper tax refunds spark rush to lodge returns

Taxpayers have rushed to lodge their tax returns with the ATO early in anticipation of bumper refunds to help provide relief from dwindling savings during the COVID-19 crisis.

  • John Collett

Original URL: https://www.brisbanetimes.com.au/topic/tax-time-1n2m