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
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.
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.
Australia’s astonishing top 10 HECS debts
If you’re worried your single bachelor’s degree is taking longer than expected to pay off, take a look at these poor buggers.
Why you’ll get less back at tax time
More than 10 million Australians will get less back from the tax man this year, but the Treasurer has denied he used Easter as cover for the bad news.
Why ATO whistleblower will face trial
A court has revealed why a whistleblower who revealed intimidation tactics by the tax office will face a criminal trial for speaking out.
Huge blow for ATO whistleblower
The man who blew the whistle on intimidation practices within the Australian Taxation Office has lost a bid to have a criminal trial thrown out.
‘Leave them’: Surprise call on Stage 3 tax cuts
Former Treasury boss Ken Henry says the controversial stage three tax cuts can stay because they aren’t the problem with the tax system.
ATO exec’s daughter guilty of $105m fraud
The daughter of a former Australian Taxation Office deputy commissioner has been found guilty in one of the country’s biggest ever tax frauds.
Aussies urged to claim share of lost fortune
A staggering $16 billion is waiting to be claimed, and people don’t even need to buy a lottery ticket to get their hands on it.
ATO warning on $1 tax rule claims
Many Australians are taking advantage of this common tax deduction but be warned, the tax office has ways to detect over claiming.
Fake ATO worker scams Aussies out of $30k
A Sydney man has learned his fate after scamming vulnerable Aussies out of nearly $30k by pretending to be from the ATO.
Thousands of Aussies to face $13k fine
A major crackdown is under way against Australians who fail to meet an important business obligation, the tax office warns.
$1.5 billion in missing Aussie crypto profit
A potential 300,000 Australians could be about to get a shock when they realise they have to pay out on their huge profits.
One million Aussies face $13k ATO fine
The ATO says the clock is ticking for a million Australians who face a hefty fine, with a key deadline due for the end of the month.
Building company collapses owing $11m
A financial report by liquidators has revealed the crippling financial woes of a major builder, which owes millions of dollars to hundreds of creditors.
Aussies that could soon be $1400 worse off
A proposed change to the way Aussies do their taxes could see some people who work from home could lose out on $1400 a year.
ATO hit by 3 million cyber attacks a month
As Aussie businesses have been hit by a spate of recent hackings, the ATO, which holds data for 14 million people, is dealing with a huge number of attempted attacks.
Socialite keeps mansion in ATO court fight
A socialite and lifestyle blogger has had a major victory in court against the Australian Taxation Office over her $4.5m mansion.
How not to fill out your tax return
Aussies are coughing up millions in fines for submitting shady tax returns, including one tax agent who has been blasted for serious misconduct.
Shock over Australia’s richest postcode
New data has revealed the richest and poorest postcodes across Australia, with one area making a shocking jump in just 12 months.
43,000 tip-offs to ATO for cash cheats
The ATO has revealed it has received a whopping 43,000 tip-offs from the public for “cash in hand” tax cheats and other “shadow economy” activities.
Sneaky tax trick with $3518 reward
There’s an easy way to beat the share market downturn and pay less tax – you just need to do this one thing.
Crazy things Aussies try to claim on tax
Aussies often get creative with their tax returns, but some take it to a new extreme with the ludicrous expenses they claim.
Major changes in Australia start today
The new financial year is here, meaning there are some big changes afoot. Here’s what you need to know about what’s happening.
Why you shouldn’t do your tax return today
With a new financial year upon us, Aussies will be thinking about their tax returns – but the ATO has warned against filing yours straight away.
Fines of $1100 for not filing tax return
If you have avoided lodging your tax return, you could face severe financial penalties or even jail. But you could also be missing out on a tidy sum of cash.
Up to 80% off: Last chance EOFY deals
From tech to home appliances and fashion and beauty, here are the best end of financial year deals.
How much you’ll get from tax return
Millions of Aussies are expected to get some sweet relief in the form of money back on their tax, but you’ll be surprised about where it will be spent.
Bizarre things you can claim on tax
Accountants have revealed the more obscure claims that have worked and the ones that have been rejected at tax time.
How quickly you can get your $2900 refund
Tax time is just around the corner, and many Aussies will be even more eager than usual to get some extra cash in their pocket this year.
ATO warns of new tax crackdown
The Australian Taxation Office has warned one group of Australians will be targeted as tax time approaches.
Millions of Aussies set for huge tax cuts
There are huge tax cuts coming and one group of Australians will be biggest winners. Here’s everything you need to know.
Shock $8k hit coming for Aussies at tax time
Australians will likely be in for a nasty surprise at the end of this financial year when they take a look at their super balances.
Major raid ‘clear warning’ to fraudsters
The ATO has executed a number of raids across the country in what it describes as a “warning” to fraudsters.
How to claim Covid expenses on tax
The Australian Taxation Office has revealed what you can and can’t claim as a Covid expense when you lodge your return.
Tradies set to be smashed by the ATO
The level of debt small business owes to the tax office has got out of hand – and there’s one group they’re coming down on hard.
Trick to making $558k doing nothing
The average Aussie needs a whopping $2.7 million to retire, but there’s a simple way to add $558,000 to your stash without doing any extra work.
Common trick ATO is cracking down on
With tax time fast approaching, the ATO has revealed why Aussies may get less than they were expecting on their return this year.
Sneaky tax tricks ATO is cracking down on
With tax time just around the corner, let’s take a look at some of the weird expenses Australians have attempted to claim on their tax return.
Surprising things you can claim at tax time
Experts have revealed key tips on how you can get the most out of your tax return at the end of the financial year.
ATO warning about $33.5b missing tax
The ATO will be chasing those with outstanding debts much harder in the coming months, with 20,000 Aussies already paying back $4 billion.
Major twist with ScoMo’s ‘absurd’ song
The viral song based on a children’s nursery rhyme and blasted across the Liberal Party’s campaign ads has been given a major revamp.
Four areas ATO is cracking down on
The ATO has outlined the major areas it will be targeting, shooting a specific warning to people who are claiming work from home benefits.
Crypto gains in ATO crosshairs
Crypto assets will be a key focus of the ATO at tax time as the organisation looks to crackdown on the mistakes Aussies are making.
ATO chasing 40,000 Aussies over tax loophole
Tens of thousands of Aussies are set to be targeted by the ATO over a tax return loophole that’s costing $850 million.
‘Biggest tax fraud in Aussie history’: court
The trial of five people who are alleged to have ripped off $105m from the Australian Taxation Office through unpaid taxes and GST has begun.
Tax warning for Aussie crypto owners
Cryptocurrency traders are being warned the ATO will apply extra scrutiny in the upcoming tax season. Here’s what you need to know.
Why you shouldn’t reply to this ATO text
As an important tax deadline nears, cyber criminals are making the most of it to steal money from Australians. This scam went live on Sunday.
Housing affordability a ‘crisis issue’
Extreme housing affordability pressures are “only going to continue” if unaddressed in Tuesday’s budget, with first-home buyers and those facing homelessness on the agenda.
‘Call that uncovered my boss’s deception’
Employees were ripped off more than $82,000 but despite complaints they haven’t seen a cent. Now the company has gone into liquidation.
War of words over Aussie tax hike
Figures show the Morrison Government is collecting more tax than previous governments, but the Treasurer argues there’s a reason for it.
Huge potential payday for backpackers
Thousands of backpackers could be eligible for an unexpected cash bonus after the High Court ruled on an ‘unfair’ tax.
Tax Office boss feels JobKeeper heat
The head of the Australian Taxation Office will be hauled over the coals in relation to businesses who received JobKeeper payments.
Salary you need for extra $2612 tax bonus
The tax brackets have changed which means most Aussies will get a tax boost this year – but a certain group is due a very healthy sum.
‘Secrets not safe’: ATO’s warning to Aussies
The ATO has fired off a warning to Australians hiding money from the authorities saying they will feel ‘serious consequences’.
Trick to score extra $1000 at tax time
Avoiding this shortcut and putting in the extra work could make a huge difference to what you get back. Find out how to do it.
The Aussie families in line for a windfall
Some Australian families will enjoy a silver lining from the pain of being in lockdown, with many in line for a tax windfall.
Tax mistake 600,000 Aussies are making
Aussies are being warned that any creative attempts to claim more money will be caught out and people risk facing penalties.
Case against tycoon 40,000 pages: court
A millionaire mining tech exec who allegedly defrauded the ATO of more than $38.5m has a 40,000 page case against him, a court has heard.
Decision that can cost you at tax time
It’s tax time and many of us will be hoping for a handy tax return windfall. But there can also be a nasty surprise for some.
ATO building, supermarket among latest exposure sites
The list of exposure sites continues to balloon with an Australian Taxation Office site in Moonee Ponds and a Melton West supermarket the latest venues to be deemed high risk.
Tax office warning for property owners
More than 1.8 million Aussies have been put on notice that their tax returns will be scrutinised for incorrect claims.
Original URL: https://www.news.com.au/topics/tax-time/page/3