Tax

Tax

ATO to crack down on rental income, WFH deductions this tax time

Taxpayers who “copy and paste” work-related claims each year or try to offset their rental income by inflating...

06 May 2024 • By Christine Chen

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Tax

ATO expands data-matching program for crypto assets

The ATO plans to collect cryptocurrency data for up to 1 million individuals as part of new compliance activities.

01 May 2024 • By Miranda Brownlee

Tax

ATO’s systems vulnerable to tax fraud, IGTO report cautions

The IGTO has found the ATO’s controls for preventing fraud inadequate, with fraudsters managing to lodge fraudulent...

30 April 2024 • By Miranda Brownlee

Tax

Budget tipped to deliver tax breaks for business investment

BDO has highlighted the need for the federal budget to bring additional tax deductions rather than simply accelerated...

30 April 2024 • By Miranda Brownlee

Tax

Australians hit with biggest income tax increase in OECD

A 7.6 per cent spike in 2022–23, brought on by bracket creep and the end of the LMITO, has affected low- and...

29 April 2024 • By Christine Chen

Tax

Top adviser calls for end to tax system tinkering in federal budget

When trust taxation, residency, Division 7A, and FBT issues even have accountants confused, it shows wholesale changes...

29 April 2024 • By Christine Chen

Tax

AAT upholds ATO decision on self-education expenses

The tribunal has dismissed an appeal relating to self-education expenses claimed as deductions by a dental technician.

25 April 2024 • By Miranda Brownlee

Tax

Vacancy tax expansion: Getting your house in order by 1 July

The vacancy residential land tax (VRLT) was expanded late last year to apply to all residential land in Victoria and...

24 April 2024 • By Jeremy Makowski, Coghlan Duffy