ATO property investment crackdown
News

ATO crackdown on property investors

- July 1, 2022 2 MIN READ

Around 8 per cent of Australians own an investment property and this year the ATO will be paying close attention to rental income, deductions, and capital gains. So a couple of housekeeping tasks as we close the financial year. These will make sure you get things right and don’t attract the taxman’s ire. 1. Keep good… Read more »

Think you have to be old or naïve to be a scam target? Think again.
Your Money

Don’t think you’re not a scam target

- June 24, 2022 2 MIN READ

Think you have to be old or naïve to be a scam target? Think again. In the last 12 months, the Australian Taxation Office (ATO) has taken action against 595 websites impersonating their online services. These fake sites are designed to steal passwords, personal information and identity documents, such as passports and driver licences. Assistant… Read more »

What's on the ATO hit list this financial year
News

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 »

Maximise your tax return 2021 Australia
Your Money

Tips and tricks to maximise your tax return

- June 7, 2021 8 MIN READ

Millions of Australians are missing out on legitimate tax deductions every year. To maximise your tax return you need to research exactly what you can and can’t claim for your specific income streams. Getting savvy about what you can claim on your tax return means you’ll receive back the full amount you’re entitled to. It’s… Read more »

Your Money

Australian retirees are missing out on $21 billion in lost and unclaimed super

- November 15, 2019 2 MIN READ

Lots of people worried about how they’ll pay for their retirement may not realise they already have a substantial nest egg they’ve simply misplaced. New Australian Taxation Office (ATO) data reveals more than $20.8 billion worth of superannuation sits in lost or unclaimed accounts. The ATO is keen to reunite people with their money and has… Read more »

Your Money

$20k for ‘raising twins’, dental expenses for a ‘nice smile’ and a Lego set among claims rejected by ATO

- July 31, 2019 2 MIN READ

As part of their annual tax refund, around 700,000 taxpayers claimed almost $2 billion of ‘other’ expenses including non-allowable items such as dental costs, child care, private vehicles and even Lego sets.  One particularly charitable taxpayer tried to claim for a car purchased as a gift for their mother. While the ATO appreciated the sentiment,… Read more »