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tax return

Influencers targeted in tax crackdown

The ATO is warning Aussies to not get caught out this tax time for not declaring income made through their side hustles or freelance work.It comes as record numbers of people are working multiple jobs to keep up with the rising cost of…

Big change coming to work from home rules

Australians who still work from home are getting a new way to claim their tax deductions that should take some of the headache out of the process.The Australian Taxation Office has introduced a more streamlined “fixed rate method” that…

Taxpayers could soon be $1400 worse off

Aussies who work from home could see a drop in their return come tax time next year following a proposed change to the calculation process.The Australian Taxation Office (ATO) recently released its Practical Compliance Guideline for the…

Fines for tax returns not lodged by October 31

Millions of Australians have just a few hours left to meet a crucial tax deadline in order to avoid having to fork out hundreds of dollars in fines. Those planning on lodging their own tax return must have it done by Monday, October 31, or…