As the financial year draws to a close, now is the time to start gathering receipts and making smart decisions to maximise your tax refund. Here are the most often overlooked or misunderstood deductions.
Robert Zammit
Three people have been jailed over tax fraud as a warning is issued to Aussies preparing to file their tax returns this financial year.
Summer Liu
Hundreds of farmers and volunteer firefighters have gathered to protest a controversial levy that farmers say will cripple them.
Alexandra Feiam, Liam Beatty
If running a self-managed superannuation fund has become too much, managing an exit is a relatively easy process. But fail to follow a specific order of events and you could end up paying unnecessary tax.
Nick Bruining
Q+A: Cashed up from the sale of your home? Downsizer contributions that allow you to tip in $300,000 can make a huge difference to the size of you nest egg? But can they be put into an SMSF?
Thousands of older self-managed superannuation funds are likely to be closed down following a significant let-off on potential Centrelink debts and tax liabilities. Are you eligible?
Australians are being urged to avoid using TikTok for tax advice this financial year or risk paying major fines or prosecutions, a tax expert warns.
Cameron Micallef
A $1000 “tick-the-box” tax deduction means the average taxpayer can look forward to a boost in next year’s refund by about $320 following the re-election of the Albanese Government.
D-Day is looming for thousands who owe the Australian Taxation Office unpaid tax, and experts fear it could trigger a wave of bankruptcies for individuals, small businesses and sole traders.
Fireys and farmers have vented their disapproval of proposed “unfair” legislation to hike an emergency service tax.
Hannah Wilcox
Australians have been caught stretching the truth in a bid to score a tax break.
Bryce Luff
Aussie taxpayers have tried to sneak some “dubious’ expenses past the taxman, with one expert detailing some of the most outlandish claims.
Superannuation contributions are a confusing mess of rules and regulations — but if you follow our checklist, you’ll have most bases covered.
The liquidators chasing the tax office for $3.8m of payments made while former Mrs Mac’s Pies company allegedly broke in 2022.
Neale Prior
Jim Chalmers and Angus Taylor have bickered over the cost of Coalition election policies, in a debate before a business audience.
Blair Jackson
Australian households have picked up the bill for the country as mining companies pay less, a breakdown of the nation’s tax revenue reveals.
Australian taxpayers will get a cost-of-living tax offset next financial year, boosting tax returns by as much as $1200 — if Peter Dutton wins government.
Joe Spagnolo
We all love perks, especially when the boss is paying. All become add-on benefits ... but also dabble in the confusing world of fringe benefits. And what sounds great as a perk could become a tax nightmare.
Fancy buying a new car and getting your boss to pay for it, effectively tax-free? New electric vehicle owners have discovered the ultimate tax concession. Here’s how it works ...
A group of Queensland mayors have proposed a new bed tax for tourists, slugging them an extra levy for staying the night.
Emma Kirk
While last week’s Federal Budget contained few surprises, the unexpected tax cuts are likely to have a significant impact on seniors and those making heavy use of superannuation in the lead-up to retirement.
Q+A: While the current share market turmoil can make those with low superannuation balances nervous, there’s a few options other than leaving it languishing in cash to grow your savings.
A lobby group representing Australia’s biggest and most influential resources operators has warned there will be explorers brandishing “brick bats” if the Federal Government doesn’t cough up tax incentives.
Simone Grogan
Other than the Medicare investment, there is a general consensus the federal budget falls short and leaves a lot of Australians behind.
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