Rental property owners, gig economy workers and people trying to claim too much in work-from-home expenses will come under the Australian Taxation Office’s spotlight this year, a tax expert has revealed.
Workers across Australia face a surprise pay cut when compulsory employer superannuation payments rise from 9.5 to 10 per cent of wages on July 1.
The tax man will be looking closely at deductions this year, but there are several key way Aussies can boost their refunds.
Working from home has been great for some but claiming your expenses can be confusing. Here’s one pitfall you should avoid.
Those who hold cryptocurrencies, such as bitcoin, as an investment are likely to receive a “please explain” from the Australian Taxation Office if they fail to declare when they are sold at a profit.

comments-rhsLatest Comments

  • "Hi Mr Taxman, can you please provide a numeric example of how loan interest cost and franked dividends impact the calculation of tax payable? Let's assume the interest cost is 4% and the dividend..."

    By: Johnny at Oct 10, 2021 6:11AM

    Post: Borrowing to buy shares

  • "Hi Mr Taxman, can you please provide a numeric example of how loan interest cost and franked dividends impact the calculation of tax payable? Let's assume the interest cost is 4% and the dividend..."

    By: Johnny at Oct 10, 2021 6:11AM

    Post: Borrowing to buy shares

  • "All currency exchange rates updates daily http://www.forextrading.pk/eur-pkr-historical-rates-graph.html"

    By: jabbar huusain at Sep 17, 2021 9:21AM

    Post: Foreign currency trading

  • " BEST LOTTERY SPELL BY POWERFUL DR. OBINNA I use to be a very poor man who has always not find luck when it comes to playing the lottery. I have been playing lottery since i was 21 years and now i..."

    By: Ryan Carlos at Sep 09, 2021 2:05AM

    Post: Tax strategies that count the cost of COVID-19 and recession

  • " BEST LOTTERY SPELL BY POWERFUL DR. OBINNA I use to be a very poor man who has always not find luck when it comes to playing the lottery. I have been playing lottery since i was 21 years and now i..."

    By: Ryan Carlos at Sep 09, 2021 2:05AM

    Post: ATO crackdown on motorists making dodgy car claims