Tears as fraudsters lashed for $10m scam
There were gasps and tears as a disgraced construction boss and his co-conspirators were jailed over a “crude” $10m tax fraud scheme.
Tax Time
Tax time is approaching. Find out what you can and cannot claim for deductions this financial year and who is on the ATO's tax hit list.
Huge warning over dodgy GST refunds
The Australian Taxation Office has issued a major warning amid their crackdown of business owners trying to cheat the GST system, following a huge spike in fraudulent claims.
‘Dodgy’ tax act costing Aussies $16 billion
The Australian Taxation Office has issued a fresh warning to Aussie businesses using cash as a way of tax evasion.
Urgent tax warning as millions risk $330 fine
Millions of Aussies who have not yet filed their latest tax return are being urged to act quickly to avoid hefty penalties.
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.
‘If we don’t change we die’: RQ chief’s dire wagering warning
The boss of Racing Queensland says the surge in illegal markets should serve as a wake-up call for racing.
Aussies short-changed $5bn a year
Slow moving reforms to the way Aussie workers are paid superannuation is costing the workforce billions of dollars every 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.
‘Don’t’: Salary that left 23yo with wild tax bill
A young Aussie has taken to social media to share an “unexpected” tax bill that left her in disbelief.
Grim warning as tax cuts hit wallets
Aussies will be richer with the arrival of Stage 3 tax cuts, but experts are warning the boost could trigger higher inflation and send mortgage payments soaring.
Tax office reveals crackdown on $1.2b in dodgy landlord claims
The Australian Taxation Office is cracking down on an estimated $1.2b in dodgy landlord claims that have seen taxpayers fund private costs linked to their cars, holidays and school fees.
‘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.
‘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 much you’ll get in July 1 changes
With changes to income tax, superannuation and the minimum wage coming into effect today, here’s how to work out how much money is coming your way.
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.
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.
How Australia could force Meta to play ball
Australia will consider hitting tech giants where it hurts in order to force them into paying for news content on their platforms.
Big tax-time warning for Aussies
Aussie taxpayers have been warned about one common mistake that could cost them ahead of July 1.
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.
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.
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.
‘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.
High alert for tax time scams
As if tax time isn’t stressful enough, an Aussie banking association has issued a warning over end-of-financial-year cons.
‘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.
Top 10 tax deductions most can claim
With the ATO watching closely this tax time, sole traders can rest easy and claim these business expenses this year.
Warning for Aussies ahead of tax time
Two major groups of Aussies are being warned to be vigilant with their tax returns as the Australian Tax Office is set to crack down on common errors.
Pain for no gain: $1.7b stamp duty drop in Victoria
The drawbacks of stamp duty are well documented, but the latest taxation data highlights why the effects of this yoyo tax extend beyond the property market, writes Cameron Kusher.
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.
Millions of Aussies warned over $313 fine
Aussies are being warned they could face a fine if they aren’t mindful of two key dates on the Australian Taxation Office’s calendar.
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.
‘Force you’: ATO’s warning to Australia
After three years of “lenient payment terms”, the ATO is back to collecting an estimated $50 billion of outstanding tax debts.
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.
Tax overhaul needed to tackle bracket creep
The days of governments filling the coffers via bracket creep should be a thing of the past, writes taxation specialist Robert Carling.
How Albo will justify broken tax promise
The Prime Minister has confirmed a significant shake-up to Australia’s taxation system, set to get high-income earners off-side.
Another Aussie builder folds owing millions
Home builder Simsai Construction has gone into liquidation after a dispute with the Australian Taxation Office over debts nearing $4.5 million.
800 Aussie companies that paid no tax
Nearly one third of the largest companies in Australia paid no income tax in 2021-22, according to the ATO.
Embattled firm to slash hundreds of jobs
More than 330 jobs will go at PwC following the consulting giant’s involvement in a taxation scandal earlier this year.
Deadline Aussies don’t want to miss
Aussies are being urged to lodge their tax return in the next few hours otherwise they risk getting hit with a $1500 fine.
ATO’s mammoth $6.4 billion clawback
A special Australian Taxation Office task force has bagged a mammoth amount of cash in its fight against tax avoidance.
Up to 100 homes in limbo as builder falters
The company claims it isn’t going under, despite the tax office issuing a wind up order to claw back creditor funds.
‘State of shock’: Call stuns Sydney socialite
A small business owner from Sydney’s east has emphasised that everything is ‘business as usual’ despite owing almost $900k in debt.
Why Sydney brothel is booming right now
A receptionist from one of Sydney’s leading brothels has revealed business is booming because of cashed-up tax return recipients.
ATO blasts ‘un-Australian’ deductions
The tax office has lashed some for wrongly claiming deductions — and it says the move is hurting Australians who need it most.
ATO’s warning to these dodgy Aussies
The ATO has issued a warning to a group of tax-dodging Aussies, saying it’s not a matter of “if” they’re caught but “when”.
Drug-fuelled downfall of $105m tax scammer
The “greedy” son of the former deputy commissioner of the Australian Taxation Office has learnt his fate for directing a $105m tax fraud.
Son of ATO boss ‘on drugs’ during scam: court
The son of the former deputy commissioner of the ATO was motivated by greed when he defrauded taxpayers out of $105m in an “immoral” tax scam.
High-profile horse trainer’s $1 million tax blow
Scott Brunton’s reign at the top of the Tasmanian training ranks could be over after the Federal Court ordered his business be wound up in the wake of a crushing debt to the Australian Taxation Office.
‘Fed up’ tax agents turn on ranting Aussies
Tax experts have had enough with “whingeing” Aussies complaining getting a tax bill, revealing it’s is their own fault, not the ATO’s.
Tax truth ‘ripped off’ Aussies need to face
If you are feeling “ripped off” after completing your tax return this year, there is likely an uncomfortable truth you need to face.
Real reason Aussies are furious with ATO
Furious Aussies are turning on the government and ATO as an increasing number of workers are slapped with unexpected tax bills.
‘Single biggest opportunity’ to pay less tax
Fall into this common cash trap and you’ll be costing yourself money this year – and every year into the future as well.
10 million Aussies stung by brutal tax change
Millions of Australians may get stung this tax season, discovering they owe thousands of dollars in debt to the tax man.
One group losing out this tax season
Many Aussies are getting their tax return back and finding it a lot lighter than previous years but there’s a very simple explanation for it.
Five sneaky ways to pay a lot less tax
If you want your tax bill to be hundreds or even thousands of dollars less, then financial adviser Ben Nash reveals some easy ways to pay less.
‘Don’t click’: Aussies warned over text
Aussies are being warned to be on their toes as tax time nears as authorities investigate a series of scams pretending to be from the ATO.
How to add ‘tens of thousands’ to your income
Yes, tax time is confusing. But there are plenty of smart, simple ways to cut your tax bill today – and hang onto more of your hard-earned cash.
Influencers to claim big this tax time
Australians with a side hustle can make the most out of their upcoming tax returns by following these simple tips.
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.
Tax time warning to crypto owners
The millions of Australians with crypto in their digital wallets have been warned about a tax-time crackdown.
‘Silent killer’ costing you thousands
The key to making massive savings on your tax bill can come down to one seriously savvy strategy – and it will pay off “forever”.
Warning against lodging tax return early
The ATO is warning that one simple thing could lead to delays in getting this year’s tax refund or even having to redo paperwork to get your return.
Bad news for tax returns this year
It’s almost tax time but there’s some bad news for Australians hoping to get a big return this July.
ATO warns against early tax return
The Australian Taxation Office is warning Aussies not to rush to lodge their tax return in early July as it could cause you problems.
Bank’s grim warning ahead of tax time
One major bank has urged Australians to remain vigilant ahead of tax time, with the bank tracking double the monthly average of ATO scams in one month alone.
How to get your tax refund faster
With tax season just around the corner, many Aussies will be eager to get some extra cash in their pocket this year. Here’s how to speed things up.
Weird items Aussies claiming on tax
From breast implants to sleep apnoea machines, each tax time brings with it bold attempts to get money back on weird and wacky items.
Australia’s richest suburb revealed
New data has revealed where the ten highest-earning suburbs in the country are and the results may surprise you.
‘Criminal’: Tax warning for 2 million Aussies
More than two million Aussies are being given an urgent warning ahead of tax time, as the ATO cracks down on this common $8.4 billion act.
Outrage over 66 millionaires who dodged tax
Australians are demanding to know how 66 people who earned an average of $14.5 million each got away with paying no income tax.
Loophole to save 11 per cent on tax
Historically this tax saver “sucked” and was expensive. But that has all changed and now it’s an opportunity to get one up on your tax return.
Little-known tip to get biggest tax return
Tax accountants have revealed their three biggest hacks while putting in a tax return, with new rules brought in for those working from home.
Influencers targeted in tax crackdown
The Australian Tax Office has issued a warning to social media influencers and those with a side hustle ahead of tax time.
Millions of Aussies to get smaller tax refund
Taxpayers could be in for a shock this tax time, as the Australian Taxation Office taxes aim at dodgy claims in three key areas.
Aussie woman’s jail terror over tax bill
A Queensland worker who has been smashed by the rising cost of living is wondering how she will pay her tax bill and is scared she could end up in big trouble.
Inflation puts shocking pressure on tax time
The biggest losers of the inflation crisis will be turning to one source of funds in the next few months with scary implications for individual finances.
Labor slammed over major tax change
Labor has been criticised for its plans to bring forward a key tax for a major industry in this week’s federal budget.
Gov’s $2.4bn boost for cost of living relief
Major changes to taxation for one industry will bolster the government’s coffers as it seeks to help Australians doing it toughest.
Original URL: https://www.news.com.au/topics/tax-time