What's on the ATO hit list this financial year
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What’s on this year’s ATO hit list?

- May 20, 2022 2 MIN READ

You know it’s tax time when the Australian Tax Office releases its annual ATO hit list of the areas they are targeting for special attention. This year the ATO hit list is focused on: record-keeping; work-related expenses;  rental property income and deductions; and capital gains from crypto assets, property, and shares. “The ATO is targeting… Read more »

Enough with the hysterical coverage about interest rates
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Enough with the hysterical coverage about interest rates

- May 6, 2022 4 MIN READ

Let’s go through the facts and disprove some of the mistruths currently being sprouted by the media and politicians about interest rates. Yes, the Reserve Bank surprised everyone by raising official interest rates 0.25 per cent (instead of the expected 0.15 per cent) to 0.35 per cent. Yes, home loan monthly repayments will rise almost… Read more »

ATO tax scam warning
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Warning from the ATO about a rampant tax scam

- April 29, 2022 2 MIN READ

There’s a new tax scam to be vigilant about and it’s a super easy one to fall for. The Australian Taxation Office (ATO) is urging taxpayers to be vigilant following an increase in reports of fake websites offering to provide tax file numbers (TFN) and Australian business numbers (ABN) for a fee, but failing to… Read more »

Interest rates will rise but by how much
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When interest rates will rise and by how much?

- April 14, 2022 3 MIN READ

How much interest rates will rise is the big question and each of the big banks have a slightly different answer… but they all agree the first rate increase will be June. Westpac’s economic team is now predicting the cash rate hikes will start in June and hit 2 per cent by June the following… Read more »