Tax tip - keep receipts

The most important tax tip you need to know

- June 14, 2024 2 MIN READ

Over the last 40 years I reckon I’ve interviewed every Tax Commissioner at some stage. I’ve asked every single one of them what they think is the biggest mistake taxpayers make when it comes to challenging an ATO decision. The answer has always been the same: bad record keeping. The ATO doesn’t usually even have… Read more »

ATO targets for 2024
Your Money

ATO targets for your tax return this year

- May 17, 2024 2 MIN READ

Every year, ahead of tax time, the ATO releases its target areas – what it’s going to pay extra attention to. It is always a timely warning. This year they will be taking a close look at three common errors being made by taxpayers: Incorrectly claiming work-related expenses Inflating claims for rental properties Failing to… Read more »

Tax rules for work-from-home are changing 2023

The new work-from-home tax rules explained

- February 24, 2023 2 MIN READ

The ATO has adjusted how you can claim your work-from-home tax costs. While most of the COVID health restrictions have now been lifted, a lot of businesses are still operating a hybrid work place where staff have the flexibility to work from home on a regular basis. As a result, the Australian Tax Office has… Read more »

Who's a tax dobber

Who’s a tax dobber?

- July 29, 2022 2 MIN READ

Turning tax dobber on your ex seems to be the ultimate revenge in a relationship breakdown. But its not just ex-partners who dob… Years ago I was chatting with a former tax commissioner about tax cheats and he was saying I would be amazed how many people get dobbed in by an ex-partner (relationship and… Read more »

ATO property investment crackdown

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 »