The tax deductions and dodgy records to be closely watched by the Australian Taxation Office this year have been unveiled.
Income tax doesn't apply for amounts earned under $18,200, and it has been that way for nearly a decade.
The value of SMSF loans has increased by about 50% in four years, up from $41 billion in 2017 to $65.8 billion in 2021.
Don’t make the mistake of leaving major tax-deductible purchases to the end of the financial year – the time to act is now, experts say.

comments-rhsLatest Comments

  • " I want to thank Dr Ughulu for what he has done for me, it has been 1 year and 4 months I have being suffering from HIV disease all because I cheated on my husband I had this HIV disease through the..."

    By: Dena Streling at Apr 27, 2024 10:43PM

    Post: Foreign currency trading

  • "I got deceived by Aleisha Tony and made to invest over USD380k on BITCOIN and USDT combined on their malicious investment site known as Coinware Global Investment. I’m writing this in tears and..."

    By: Sara O'Neals at Apr 27, 2024 9:49AM

    Post: 8 TAX CHANGES TAKING EFFECT FROM 1 JULY 2021

  • "Greetings to everyone who read my testimony. Using this opportunity to thank the great real spell caster called Dr Ughulu is so exciting to me. I have been looking for a way to cure my HIV Disease..."

    By: George Aaron at Apr 27, 2024 2:46AM

    Post: Unusual work from home expense you can claim a tax deduction for

  • "I Saw A Post Online Talking About A Guy Who Helped A Lady Got Proofs From Her Cheating Partners Phone, Without Any Physical Touch Which Means It Was Done Remotely, I Then Tried It Out And To My..."

    By: ENGR KHAN HAZEL at Apr 26, 2024 11:22AM

    Post: 8 TAX CHANGES TAKING EFFECT FROM 1 JULY 2021

  • "I Saw A Post Online Talking About A Guy Who Helped A Lady Got Proofs From Her Cheating Partners Phone, Without Any Physical Touch Which Means It Was Done Remotely, I Then Tried It Out And To My..."

    By: ENGR KHAN HAZEL at Apr 26, 2024 11:19AM

    Post: 8 TAX CHANGES TAKING EFFECT FROM 1 JULY 2021