Big tax-time warning for Aussies
Aussie taxpayers have been warned about one common mistake that could cost them ahead of July 1.
Tax
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.
‘Breaking point’: Aussies fuming over taxes
No one likes seeing how much tax is taken out of their pay cheque, but there is one group of Aussies that say they’ve had enough.
Premier’s big call on negative gearing
NSW Premier Chris Minns has waded in on the negative gearing debate, with some federal politicians calling for an overhaul into tax concessions for investors.
‘Scary stuff’: Big warning from tax boss
Australia’s 12th tax commissioner gave a stern warning to taxpayers in his last major address before stepping down.
‘Let’s get serious’: PM’s big tattoo offer
Prime Minister Anthony Albanese has inked a multi-billion dollar promise to the voters of WA and he wants a tattoo to prove it.
‘Dying country’: MP’s wild tax call
Queensland MP Bob Katter says his ‘split income’ tax model would exempt struggling families from paying income tax.
Lehrmann warning in $13m tax scam case
The jury trial of a construction boss accused of defrauding the Australian Taxation Office out of more than $13m has heard a warning about a ‘notorious’ case.
Albo, Greens gear up for housing fight
Anthony Albanese says he won’t be held to ransom by the Greens, as the minor party threatens to block a key policy unless the government does one thing.
‘Live to regret’: Wild tax row over docs
A bitter spat between politicians has erupted over changes to the stage 3 tax cuts and what alternatives could have been adopted.
’Not fair dinkum’: Albo hits back in tax row
Anthony Albanese has accused the opposition of being disingenuous in the political row of his government’s overhaul of stage 3 tax cuts.
Tax cuts to dominate first sitting day
Parliament will resume on Tuesday for the first sitting day of the year, with the government’s contentious changes to the stage 3 tax cuts set to dominate the week.
‘Play ball’: Karl unleashes over tax changes
Jim Chalmers has hit out at suggestions he would “play ball” with the opposition to pass Labor’s contentious tax package.
Real architects of tax cut overhaul revealed
Anthony Albanese has been slated for breaking a promise over the stage 3 tax cuts, but the changes weren’t Labor’s idea, it’s been revealed.
‘How can you not know?’ Tax cut ‘lie’ exposed
Government officials have confirmed they were working on plans to dump legislated tax cuts in December as the PM and Treasurer insisted they had “no plans” to do so.
Biggest loser in Albo’s tax shakeup
With the first parliamentary sitting week of the year set to be dominated by tax, a new report lays bare the biggest loser in the shakeup.
’Is your word still your bond?’ Albo grilled
PM Anthony Albanese insisted he was an “honest person” after being pressed three times if his “word was his bond” despite his broken promise on tax cuts.
Aussie dream dying as new loans collapse
The dream of owning your own home has motivated millions to save over generations, but the latest data on new loans for first home buyers suggests many Aussies are giving up.
‘Stuffing around’: Chalmers’ stab at Dutton
The Treasurer has fired up at Peter Dutton for dancing around questions over his own party’s stance on a controversial move.
‘Absolute scam’: Salary perk ‘destroying lives’
Aussie workers who have used a popular salary arrangement to score a new car have spoken out about their “nightmare” experiences.
‘Robin Hood’: Dutton unleashes on tax cuts
Peter Dutton has slammed Treasurer Jim Chalmers’ “Robin Hood” act on tax cuts accusing him of robbing from the rich to give to the poor.
‘Have to’: Hanson to back Albo’s tax package
Pauline Hanson has confirmed One Nation will back Anthony Albanese’s key tax changes, but he is angry at the Prime Minister.
‘Money they don’t need’: Greens’ tax threat
The Prime Minister could be forced to slash tax cuts even further for one group of Aussies if he’s to get the controversial policy over the line.
‘Trust me’: Albo’s plea after tax backflip
The Prime Minister is on the defensive about his tax backflip as Peter Dutton slams him for making the call just weeks out from a crucial by-election.
Huge call on push for more tax changes
The Treasurer has responded after reports emerged Labor MPs had renewed a push to ditch a controversial tax break to help more Australians.
Why Albo won’t say ‘sorry’ for tax change
The Prime Minister was unapologetic as he launched a major defence of his tax overhaul amid a repeated demand for him to call an early election.
Five words that will haunt Albo
An almighty fight is heading Anthony Albanese’s way as he tries to convince voters not to care that he broke an election promise on tax cuts.
Best way to maximise new tax cuts
Everyone earning over $45,000 will be better off from July 1 – but how can you make sure the Stage 3 tax cuts benefit you most?
PM leaves open talks with Greens on tax cuts
Anthony Albanese has not ruled out negotiating with the Greens to get his overhaul of the state 3 tax cuts passed through parliament.
Detail everyone missed in Albo’s tax splash
Only in Australia could getting extra money turn into such a whinge-fest. Our PM should be celebrated for what he’s done.
Albo ‘accepts responsibility’ for tax backflip
The Prime Minister faced a grilling over his call to break a major election pledge on the stage three tax cuts.
‘Dead, buried’: Savage warning issued for PM
Anthony Albanese has been warned his leadership “dead, buried, cremated” as voters will not accept “a liar as PM” over his broken tax cuts promise.
Original URL: https://www.news.com.au/finance/money/tax/page/3