‘Prepare for the worst:’ Urgent tax warning
The former Treasury boss has warned the case for lifting taxes is “much, much stronger” now than in 2002, with the current tax system unfairly punishing young Aussies.
Tax
Aussies mortified by 28yo’s tax return claim
A Gen Zer has left older Aussies completely gobsmacked after revealing exactly how she submitted her tax return this year.
‘Too long’: Plan to crack huge housing hurdle
Ahead of major Australian economic meetings next month, a big change to housing has been floated. This is how it could impact your future tax bills.
Ley’s tax threat to Labor after dire poll
Sussan Ley says Australians would be hit with higher taxes if “Jim Chalmers gets his way”, vowing tough action after a horror poll.
Tax return question making Aussies paranoid
Tax time is here and when news.com.au hit the streets of Sydney it quickly became clear there’s one thing making Aussies squirm.
‘Mind boggles’: Big call to bring back old tax
A former Treasury boss says the axing of a controversial tax “still boggles the mind” amid calls for stronger action to protect the environment.
Why so many Aussies owe the ATO this year
If you’re one of the Aussies who’s recently been blindsided by a tax bill, you are not alone. This is why so many are copping debts this year.
‘WTF is this?’: Young Aussies fume over tax
Aussies have started submitting their tax returns, with an increasing number left fuming after copping brutal bills instead of refunds.
Accountant’s horror at client’s $1.3m ATO debt
An Aussie accountant has spilled on her biggest shock when doing tax returns for people in the sex industry.
Insane post tax splurge revealed
Australians have already spent this year’s tax return despite the Australian Taxation Office unlikely to issue refunds until late July.
21yo submits tax return, cops crazy bill
Aussies have been left gobsmacked after a young worker revealed the insane amount of money she owes the ATO after submitting her tax return.
‘Endless tears’: 27yo’s horror at $40k tax debt
A young woman has revealed why she ended up being in “endless tears” over a tax reality that she didn’t see coming.
Significant doubt on Aussie council’s future
The future of an entire Aussie regional council is in “significant doubt” after a damning audit – with revelations one employee worked from a Caribbean island for almost a year.
If you do this, you’re on the ATO’s radar
With tax time upon us, there are major four huge mistakes Aussies are making that could mean you are on the ATO’s radar.
Big tax return mistakes you need to avoid this year
Taxpayers are being warned “if they can’t substantiate it, they can’t claim it” as the end of the financial year approaches.
‘Un-Australian’: GST change set to cost $60bn
Australia’s budget is set to be hit with a $60bn blowout, as one state had the country by the “shorts and squeezed as hard as they could”.
Odd new tax claim gets green light
About a fifth of Aussie workers use AI tools in their jobs, and the ATO says these are fair deductions at tax time – as long as they can tick three boxes.
One tax reform Australia desperately needs
Fresh forecasts have revealed the one tax reform Australia desperately needs, as the country continues to recover from its anaemic growth.
Major tax change impacting millions
Millions of Australians are being urged to check their tax status ahead of a law aimed at recouping $45bn coming into effect in just a few days.
How you could get $20k back in your tax
For many Australians, tax time brings a sneaking suspicion you’ve left money on the table. Here are some simple ways to boost your returns.
Row erupts over state’s $2.5bn brag
One state feels ‘punished’ by its share of a $95bn pool of money, while another state collects a healthy slice and declares its seventh budget surplus in a row.
Huge call to lift the GST rate
Australia should slash income taxes and lift the GST to help pay off the nearly one trillion dollars in national debt.
‘Higher taxes’: Fear after Labor flags reforms
The opposition is warning Labor against hitting Australians with more taxes as Jim Chalmers talks of overhauling the country’s revenue gathering system.
What Aussies really think of super tax
How Australians truly feel about Labor’s proposed “rich tax” has been revealed in a new poll, and the results may surprise you.
‘All young Aussies’ should fear new tax
The millionaire businessman said “every young person” in Australia “should be worried” as debate rages over Labor’s controversial super tax changes.
Don’t do this first thing in the morning
Aussie taxpayers have been warned about sophisticated tax scams designed to catch you out over your morning coffee.
Couple on $200k living in social housing
Social housing tenants in one state are earning far above what they should to qualify for the homes, with one couple on $200k paying just $200 a week in rent.
‘No Boomers’ super app tackles housing crisis
A ‘No Boomers allowed’ superannuation product is taking aim at the housing market, trying to get more Aussies into the market through a little used scheme.
Big mistake Aussies make with tax return
Australian taxpayers are tipped to cost themselves hundreds of dollars by making this one simple mistake at tax time.
‘Broken’: Single mums financially abused
Ex-partners are still weaponising child support payments against a shocking number of single mums, and the system is failing to stop it.
Original URL: https://www.news.com.au/finance/money/tax