A TikTok influencer’s video exposing how young workers pay significantly more tax than older wealthy Australians has sparked furious debate online. Sydney man Jack Toohey shared a clip to the social networking site outlining four different scenarios – a property investor, a late career professional, a retiree, and a youngContinue Reading
The Australian Tax Office has paid out more than $1.2billion in fraudulent GST claims after the deceitful scheme was promoted on TikTok. The ATO believes that at least 56,000 perpetrators have taken part in the fraud, with the organisation launching Operation Protego in April 2022 to crack down on theContinue Reading
Influencers and those with a side hustle may be able to cash in this tax season by making the most of their return. As the cost of living crisis intensifies, many Australians have turned to side hustles to make ends meet. Whether that’s ride shares, starting a small business, orContinue Reading
With tax time just around the corner, an expert has weighed in on how to get your tax refund back as quickly as possible. If you’re one of the many taxpayers relying on your refund, the advice may surprise you. Here’s everything you need to know. HOW CAN I GETContinue Reading
With tax time fast approaching, Australians are on the lookout for any way to increase their likelihood of getting the biggest return. However, this often leads to bizarre items showing up as deductible expenses. H&R Block’s director of tax communications Mark Chapman says he has seen his fair share ofContinue Reading
Half of Australia’s taxpayers are missing out on extra money in their tax returns after neglecting to do one thing. New research by humanitarian aid not-for-profit CARE Australia has revealed while about 80 per cent of the country is aware donations to charities over $2 can be claimed in theirContinue Reading
Millions of Australians struggling with rising cost of living are waiting to lodge their tax returns so they can use the cash to pay for bills and other essential expenses, new research has found. The survey of more than 1000 respondents by comparison website Finder found nearly one in fourContinue Reading
As tax time approaches, many Australians are wondering how they can maximise their return amid the cost of living crisis. From claiming working from home expenses to knowing when the best time is to file your refund, there are a few tips that tax agents use to get the biggestContinue Reading
Australia’s rich – the top 20 per cent of income earnings – will be $5378 better off in the coming financial year and the next due to tax cuts and will receive bigger benefits than all other workers. New research showed that the stage three tax cuts will deliver justContinue Reading
Teenage rising star Rehan Ahmed could take another step in his rapid ascent through the ranks of world cricket by earning an Indian Premier League contract. His fate is one of many dramatic storylines set to play out when the great IPL Auction carve-up kicks off on Friday. Aussie CameronContinue Reading