Smart way to save a ‘serious amount of tax’
It’s one of Australia’s favourite money strategies, and with very good reason, because it can save you a huge pile of cash.
Tax
‘Full of ideas’: Tax issue Albo remains coy on
Prime Minister Anthony Albanese appeared to refuse to rule out changes to a tax benefit following reports modelling is being undertaken on reform.
Aussies urged to check for unclaimed cash
There is $17.8 billion in unclaimed cash, the ATO says, and some of it could be yours.
Smart way to save $16k in tax
Most people don’t realise there’s a huge opportunity right under their nose that can give you cash to invest – and some extra dollars to spare.
‘He was wrong’: Lib rebuked over GST call
Senior Liberal frontbencher Michaelia Cash says a colleague should not have said they were prepared to punish NIMBY states by reducing their GST revenue.
GST attack ad targets Dutton in key state
Amid Prime Minister Anthony Albanese’s WA visit, Labor claims Opposition Leader Peter Dutton would scuttle a deal costing the state billions.
Wild bid to tax big Aussie companies more
Greens Leader Adam Bandt is announcing a new Robin Hood tax policy to force Australia’s biggest companies pay more tax on their profits.
One group keeping cash alive in Australia
A new report has made surprising findings about the use of cash and the number of businesses accepting cash in Australia.
PM’s ‘cost of living joke’ backfires massively
Prime Minister Anthony Albanese has faced backlash following a cost of living ‘joke’, with some calling for his media team to be sacked.
‘Let this be a lesson’: 22yo’s tax bill warning
A young Aussie has issued a warning to her fellow Gen Z workers after being hit with a brutal tax bill because of one mistake she made during the year.
Note you don’t want to see on tax return
If you lodge your tax return and see this note from the ATO, then you could be in for a very “disappointing surprise” this tax time.
Repayments don’t stop after HECS paid off
A common mistake has taxpayers continue to have money withheld from their pay even after their HECS debt is paid off.
’Crippled’: Grim reality of new beer tax
The price of a schooner is expected to increase yet again, putting pressure on Australian breweries “crippled” by a cost of living crisis.
Tax trick to save you $17k each year
It’s the most common tax structure used by those looking to build a serious level of wealth, so here’s what you need to do in order to save heaps.
24yo horrified by return after tax estimate
A young Aussie has revealed she’s unhappy with her tax return because she feels “lied too”, with her rant dividing opinion online.
’Extra vigilant’: Warning to taxpayers
Taxpayers who mix business and leisure are being warned to avoid these mistakes as the ATO hones in on one type of expense this tax season.
‘I didn’t know’: Tax trend blindsiding Gen Z
A 21-year-old full-time worker has taken to social media to ask if her tax return is “normal”, exposing a shocking trend among Gen Z Aussies.
Property investor slams ‘boomer bashing’
A property investor has slammed young Australians for “boomer bashing”, claiming it’s not easy to be a landlord.
Warning as tax scams on the rise
Authorities have warned taxpayers to be aware of tax scams targeting Aussies as they submit their tax returns.
‘Want to cry’: Aussies hit by rude tax shock
Multiple Aussies expecting a welcome cash boost this tax time have been left horrified after finding out they owe the ATO thousands instead.
Problem with big tax returns revealed
An Australian tax expert has revealed why getting a big tax return this year is nothing to boast about.
Aussies issued July 14 tax return warning
If you’re one of those Aussies who always rushes to lodge their tax return as early as possible, there is a big reason you may want to hold off this year.
‘A joke’: ATO slammed over tax queues
Aussies rushing to lodge their tax refunds have slammed the Australian Taxation Office as a “joke” over major website delays.
How your pay packet will change from today
Treasurer Jim Chalmers outlines the changes coming into effect today that will help “every Australian up and down the income scale”.
One change to save you at tax time
Most people only start seriously thinking about their tax bill after the financial year is over. Change things up and reap the rewards.
‘Hit the sweet spot’: PM’s pledge on economy
Anthony Albanese says a range of measures coming into effect on Monday will help Australians with the cost of living and help ease inflation.
Tax expert reveals hidden tricks
They’re the everyday items and costs you might not realise you can claim at tax time and an expert has revealed his top 10 tips for getting the most out of your return.
‘I’m shaking’: Brutal 2024 tax return warning
If you’re one of the many Aussies who were hit with a surprise bill after lodging your tax return last year, we have some bad news for you.
Aussies warned over major tax mistake
Experts are warning ATO impersonation scams are on the rise ahead of the end of financial year.
Tax cut to save Aussie homeowners $75k
Upcoming tax cuts will put a wad of cash in every Australian’s pocket, but there’s a way you can turn it into a life-changing sum of money.
Big tax-time warning for Aussies
Aussie taxpayers have been warned about one common mistake that could cost them ahead of July 1.
Group getting $3k tax cut revealed
Jim Chalmers has amped up his tax cut sell, revealing the group of Aussies expected to pocket an average of $3000 amid renewed concerns on the inflation fight.
Most overlooked tax deductions revealed
Most people get less tax back in their refund than they should because they don’t claim all they’re entitled to. This is what you need to know.
Millions of Aussies to score $1288 payment
The cost of living crisis is hurting but there is some relief coming real soon.
Which generation has it worst revealed
A viral video has revealed life in Australia is ‘the hardest it’s ever been’ for one generation – sparking a fiery debate about who has it worse.
How to make loads of money from July 1
The average Australian will soon save $2143 every year from tax cuts and if you’re smart, this is what you’re going to do next.
Sneaky WFH act could land you in hot water
Remote and hybrid workers across Australia have been warned against a surprisingly common WFH act that could land them in big trouble.
Expert shares top tips ahead of tax time
An expert has shared the five best – and five worst – things you can do this tax time to get the best possible return.
Warning over scams ahead of tax time
Aussies are being urged to be vigilant and stay across the latest scam trends, with scammers expected to capitalise on the upcoming tax season.
Seven star loses it over price of two drinks
The TV personality took to social media after paying a ridiculous price for a beer and a wine.
Winners, losers from Qld budget revealed
Queensland Labor’s state budget for 2024 has been handed down. Here’s the full breakdown of the major winners and some of the losers.
State’s $11.2bn pre-election cash splash
One state is spending billions on cost-of-living relief in its budget as the government prepares for a bruising election in October.
Important tax details Aussies need to know
Too many Australians are making mistakes on their returns, says Australia’s leading professional accounting body.
How to get a bigger tax refund this year
Tax time is around the corner, so here are the most important things you can do to slash your tax bill and get a larger refund.
Dire cash problem facing Aussie women
Aussie women are facing a dire gap in one key financial figure compared to their male counterparts, according to new research.
‘Crucial’ tax detail Aussies need to know
Australia’s leading professional accounting body has provided its top tips in the lead up to tax time, including the “crucial” details that Aussies need to know.
‘Everyone wins’: Surprise company tax call
Labor’s Industry Minister is advocating for a cut in corporate taxes to help companies have the capital to invest in the future.
Are you being stung $2.5K in penalty tax?
Thousands of Australians are stung thousands of dollars in extra taxes – here’s how to check if you’re being hit, and make sure you keep more of your money.
Hundreds to be taxed for empty homes
Almost 200 properties in just five apartment buildings in Melbourne have sat empty for more than six months, as the nation’s rental crisis deepens.
Gross debt set to rise above $1 trillion
In a media blitz on Sunday morning, Treasurer Jim Chalmers has flagged key measures that will form part of the May 14 budget.
Spending, inflation top budget priority
Treasurer Jim Chalmers has been tasked with further reining in spending in the federal budget as the tight jobs market risks further inflation.
‘Failing’: Aussies dudded under GST plan
Under a controversial proposal to divide up the GST take between the states, NSW, Victoria and Queensland could be left billions of dollars worse off.
Answer to question every Aussie is asking
A major question about how a major overhaul to student debts will be handled has been answered.
Push to delay stage 3 tax cuts
Amid a resurgence in price pressures, households should wait a little longer to receive personal income tax cuts, some analysts have argued.
Grim reason rates can’t be cut
Slashing the structural deficit, easing inflationary pressures, and bolstering productivity must be priorities, the Paris-based organisation has argued.
‘Quirk’: Legal way to pay a lot less tax
A “quirk” in the Australian tax system means it’s possible to pay a lot less tax – to the tune of almost $30,000 a year.
‘No way’: Man hit with insane $52 billion bill
A man was left in shock after receiving an official letter from the government informing him he had racked up a $52 billion bill.
Australia tops global income tax surge
With bracket creep fuelling record tax collections, fresh data has revealed Australia’s personal income tax burden grew faster than any other advanced economy last year.
Young Aussies slugged with $1k bill
Young Aussies are about to be hit with another major increase to their tax bill, but there are signs relief could be on the way.
Tax mistake five million Aussies make
It’s a common tax return mistake that too many Australians make – and it could be costing them thousands.
Aussies hit with record $300bn tax bill
Income tax receipts gushed into Treasury coffers last year to a record high, fresh ABS data has revealed.
Truth about stage 3 tax cut shake-up
Despite repeated denials that an overhaul to the stage 3 tax cuts was not being considered, newly released documents have revealed otherwise.
State’s threat to Albo on $12bn tax blow
A bitter fight has been reignited over a contentious carve up that the NSW government says will leave the state almost $12bn worse off.
Secret tax trick of the mega wealthy
It’s a tax trick usually used by the ultra rich but this hack could benefit everyday Aussies to the tune of $34,000 or more.
Tax scheme ‘feasting on vulnerable people’
A small group of Australians claiming to have found a loophole in the tax system have drawn attention from the ATO, with experts warning about falling into the trap.
Push for tax-free gym memberships
The fitness industry is calling for a major tax change to give health conscious Aussies a helping hand.
‘Traumatic’: ATO’s $15 billion tax surprise
The tax office’s approach to collecting $15 billion in tax debts has been slammed in a new report.
Fresh push for cut to real wages
A key business group has claimed the generosity of previous wage hikes and cost pressures on small businesses mean some workers should have to stomach a real wages cut.
34-year-old’s eye-watering bill from tax office
The Sydney property developer, in his 30s, had just three weeks to pay back a staggering tax bill.
Simple way to save $13,588 in tax per year
Most Aussies have debt and there’s a clever way to use that debt to save thousands in tax each year – you just need to know how.
Airbnb backs short-term rental tax
Accommodation platforms Airbnb and Stayz have backed a short-term rental tax for NSW, similar to one being introduced in Victoria, but with one key difference.
Albo hits out at states over GST complaints
Ahead of a key meeting between federal and state treasurers, the Prime Minister has rubbished criticism of the GST’s controversial allocation.
PwC Australia cuts 366 staff
Hundreds of PwC Australia staff have lost their jobs as part of widespread cuts made within the firm.
One new tax Aussies won’t be paying
As more and more Australians turn to aged care, there are questions about how the country can afford it. One option is off the table.
Shock twist following detainee’s arrest
The embattled Immigration Minister was peppered with questions after a detainee was arrested before police then dropped the charges.
‘Good day’: Tax cut boost for 11m Aussies
Low and middle income earners will now receive additional tax relief come July 1 after a big win for Anthony Albanese.
Win for Albo as stage 3 tax cuts pass
The government has got its stage 3 tax cuts through the Senate, meaning they will be in people’s pockets from July 1.
Albo’s major housing promise under threat
Labor’s plans to co-purchase houses with first home buyers are in doubt as the Greens put pressure on Anthony Albanese.
Scomo gets ready for final goodbye
One of Australia’s most controversial leaders will give his final words to Parliament.
Booking an Airbnb could avoid this tax
Plans for a 7.5 per cent short stay accommodation levy are going ahead, but a loophole to avoid paying the tax has emerged.
Original URL: https://www.news.com.au/finance/money/tax/page/2