The best ways to invest your tax return
Your Money

The 5 best way to invest your tax return

- August 30, 2021 4 MIN READ

Yippee, you’ve scored a good looking return from the tax office this year. While you’re tempted to blow the lot, if you invest your tax return carefully you’ll set yourself up for long-term wealth. The ATO returned more than $1 billion to approximately 457,000 taxpayers in the 2019-2020 financial year. That’s an average return of… Read more »

Can't cheat the tax office
Your Money

This is why you can’t cheat the tax office

- August 27, 2021 3 MIN READ

If you think you can cheat the tax office, don’t even think about it. You can’t, and it will be just a matter of time before you’re caught. The tactics and resources the ATO has at its disposal are quite extraordinary. Each year, the ATO contacts around two million taxpayers about their individual returns. This… Read more »

10 commandments of tax by Kochie
Your Money

Kochie’s 10 commandments of tax

- June 22, 2021 5 MIN READ

It comes around every year. When our attention turns to the fiscal fiend and the amount of tax he has slugged us. Naturally, as good citizens, we don’t mind paying the right amount of tax but we are damned if we are going to pay a penny more than we have to. The problem is… 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

$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 »