Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
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IT sounds like something from a spy movie, but instead of James Bond, it’s coming from the Australian Taxation Office.
FAILING to lodge a tax return is costing Australians more than just a slap on the wrist. Technology advances are giving the Australian Taxation Office unprecedented power to track transactions and catch people who don’t do their tax.
There are plenty of reasons why Australians love to borrow money to invest in bricks and mortar. Some people think the value of property never goes down; others like the fact you can see and touch it. But, mostly, it is the ability to offset the cost of owning the property – including the interest paid on a loan – against assessable income that makes it particularly attractive.
TAXPAYERS eager to grab a quick refund are taking charge of their own tax return in record numbers.
YOU work. You pay tax. For most Australians, that’s the simple equation they face. But rather than baulk at this annual task, treat tax time as a positive experience that will help you share in the $27 billion of annual refunds handed back to individuals.
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