$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.
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.
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.
‘Red flag’ that could trigger tax audit
The ATO has warned 300,000 Aussies that tax time “isn’t a game of Monopoly” where you can roll the dice and avoid reporting income.
Alleged fraudster’s $38m tax rort
An elderly man has been charged after he allegedly defrauded the government of tens of millions of dollars in his income tax returns.
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.
Outrageous things you can claim on tax
Accountants have revealed some of the secret claims that have been attempted and rejected – and the more obscure ones that have worked.
Broken tax system costs Aussies $50b
There have been calls for huge changes including income tax cuts, removing tax breaks for property investors and universal free childcare.
ATO chasing $284m in payments
Billions were paid to help people and businesses hit by the pandemic, but investigations are uncovering if the right thing was done.
Three words to remember at tax time
Tax time can mean a handy windfall of cash for many of us and what we do with it can come down to three words.
Tax time a big wake-up call for investors
For the two million or so Aussies who own an investment property, tax time is one of the most important periods of the year. Here’s what you should be doing.
Common mistakes Aussies make at tax time
With the possibility of an average tax return of $2820, you don’t want to miss out on extra cash. Find out where things can go wrong.
‘Not a game’: ATO warns crypto investors
For those that own bitcoin or other digital coins, there’s no escaping your tax bill. Find out how the ATO can pin you down.
All the major changes in Australia today
Everything from wages and healthcare will take a hit. Find out where you can save some money and which things are going to cost more.
July 1 tax mistake to avoid
You may be eager to get that refund, but filing your tax return on July 1 could land you in serious trouble with the tax office.
Barefoot Investor’s $400 tax tip
As tax time approaches, the Barefoot Investor has warned that Aussies are throwing away their tax gains on one simple mistake.
Aussies who will get biggest tax returns
Millions of Aussies are expected to get a bumper tax return this year, but there are things you need to do to get organised before July 1.
Scary tax deadlines to watch out for
Here’s how you can avoid a $1050 fine – which is how much you’ll owe the tax office if you miss an important due date for payment.
Take advantage of tax time, bank urges
With only five days left until the end of the financial year, it’s time to look for any last-minute items that could help reduce your tax bill.
Aussies could get $2600 back in tax
Millions of Aussies don’t think they will get anything back at the end of the financial year. But that’s not what the experts are predicting.
Weird thing pilots can claim on tax
We’re all trying to work out how to reduce our tax bill without breaking the law, and some professions get to claim things others can’t.
‘They’re everywhere’: Tax scams surge
Australians are being warned about a big rise in tax time scams after people were defrauded out of $900m during the last year alone.
Tax claims you won’t get away with
Every year taxpayers try and make some questionable claims in their tax return. Find out what won’t fly with the ATO.
Things you must do for tax before June 30
One-in-four Aussies don’t complete a tax return each year and millions could be missing out on cash. Find out how to avoid getting stung.
The jobs that will pay you $200k
New data has revealed professions that earn the most amount of money. This is what you need to aim for to crack the $200,000 mark.
How to get your $1080 in tax back
More than 10 million Aussies are set to benefit from these tax cuts. Find out the simple way to make sure you get money back.
Surprising things you can claim at tax time
Accountants spill the little-known areas where people can claim deductions and get the most from their tax return.
Work from home tax pitfall to avoid
Working from home has been great for some but claiming your expenses can be confusing. Here’s one pitfall you should avoid.
Biggest cryptocurrency tax mistake
The ATO is closely tracking cryptocurrency transactions this year and warns investors they face penalties and audits if they ignore their tax obligations.
Expense claims ATO is cracking down on
Aussies who continue to claim deductions for these items — despite working from home — will find themselves on the ATO’s radar this tax time.
Aussies who will get ‘bumper’ tax refund
Most Aussies will get a larger than normal tax refund this year thanks to tax cuts that have been brought forward. Find out how much you’ll get.
The Aussies about to take a big income hit
About eight million Australians will be worse off when tax changes come into effect this year — find out if you are one of them.
Big problem with ‘new’ Aussie tax cut
Treasurer Josh Frydenberg faces a tax time bomb in next week’s budget – and it all comes down to the biggest winners from tax cuts.
Original URL: https://www.news.com.au/topics/tax-time/page/4