A tax expert has revealed the items that Aussies might not realise they’re able to claim back at tax time. July 1 arrives on Monday, meaning people will be able to start submitting their returns with the ATO. CPA Australia provided a list of items which many people didn’t realiseContinue Reading
As millions of Aussies start preparing their tax returns ahead of the end of the financial year, experts are warning of the increasing risks of Australian Tax Office (ATO) impersonation scams. ATO-branded SMS and emails containing links to fake myGov web pages remain one of the most common types ofContinue Reading
Aussie taxpayers are being warned about the hidden pitfalls of rushing to lodge their tax return and the risk of making costly mistakes. ATO assistant commissioner Rob Thomson on Monday reminded taxpayers ahead of July 1 that “tax time is not a race”. Mr Thompson said taxpayers had a “muchContinue Reading
It’s tax time again and Aussies are being urged to take their time and not fall into a number of common traps. CPA Australia is offering some crucial advice for people as they get set to prepare their tax return, so they can get the most out of their returnsContinue Reading
With the end of financial year fast approaching, an expert reveals some of the common mistakes made by Australians when it comes to preparing their tax returns, and how to avoid them. Too many Australians are making mistakes on their tax returns, says Gavan Ord, spokesperson for CPA Australia, Australia’sContinue Reading
From July 1, first-home buyers in NSW will be able to ditch stamp duty on property purchases under $800,000, with the stamp duty exemptions being lifted from their current cap of $650,000. The legislation officially passed both the upper and lower house on Thursday night, with NSW Treasury expecting aboutContinue Reading
After 10 consecutive interest rate rises by the Reserve Bank of Australia (RBA), an unlikely loser has emerged. While mortgage holders have been hit hard since May last year when the RBA began hiking the official cash rate, there has been one group of Australians who have so far managedContinue Reading
Westpac has made a surprise call on interest rates – lowering its forecast that the cash rate will be hiked as high as 4.1 per cent. Instead, the major bank has predicted interest rates will peak at 3.85 per cent and that the Reserve Bank of Australia (RBA) will evenContinue Reading
For an estimated five million Australians, the way they can claim major tax breaks will soon change. The Australian Taxation Office has announced it has refreshed the way people can claim work-related deductions later this year. Prior to the pandemic, people who worked from home, but in a dedicated officeContinue Reading
The chance of Australia plunging into recession has risen as high as 70 per cent, according to some economists, on the back of the Reserve Bank of Australia’s aggressive rate hikes which at this stage have no end in sight. With nine consecutive hikes since May last year, Australians areContinue Reading