The ATO is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure they report it this tax time. New international data...

The ATO has revealed some of the most “outrageous” tax deductions that taxpayers have tried to claim: A couple of taxpayers claimed dental expenses, believing a nice smile was...

The Government's recently passed tax package paves the way for an individual tax cut ranging between $255 and $1,080, depending on how much a taxpayer earns. The Government’s low...

With the end of the financial year fast approaching, some taxpayers look to lodge their 2019 tax returns in July. The Institute of Public Accountants (IPA) understands that there...

The ATO has identified some common errors when it comes to claiming business expenses in your tax return. You should know that: If you use your motor vehicle entirely for your...

The ATO has advised that it is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people...

The Labor Party, if elected, plans to introduce a $3,000 cap on the tax deductibility of fees from accountants. On Friday last week, Opposition Leader Bill Shorten labelled the...

Single Touch Payroll (STP) is the new way for employers to report tax and super information to the ATO. It starts from 1 July 2019 for employers with 19 or less employees. You'll...

The ATO is reminding the community about how they can recognise and protect themselves from identity theft and tax related scams and how to report them. Remember that these scams...

The government has announced plans to raise the threshold for the instant asset write-off to $25,000 (up from $20,000) and extend it for another year to 2020. It had been due to...

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Typographical, spelling and grammar errors can have unintended consequences as these examples demonstrate, making it important to double-check all business communications prior...

The tax office will visit 10,000 businesses over the next 12 months as it looks to educate and send “a strong message” to businesses operating in the black economy.   As part of...

The ATO has warned taxpayers that it has identified 5 of the most common errors made when reporting GST. These errors make up more than half of overall corrections made to GST...

Many taxpayers conduct some of their work from home. And it is deductions on these home-based activities over which the ATO is cracking down on – hard.   The ATO says that record...