tax time

With a tax deadline looming, one particular group of workers is delaying their annual return due to “tax paralysis”, according to new data.The Australian Taxation Office is urging anyone wishing to lodge their own tax return to move quickly…

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…

Millions of Australians will see their tax reductions shrink by as much as $1500, as the Australian Taxation Office cracks down on rental property investors after a shocking number of incorrect returns were uncovered.ATO Assistant…

A “worrying” number of Australians are viewing their tax return as a crucial part of their finances during a cost of living crisis that has one in two decreasing their standard of living. One in eight Australians say their tax refund is…

Australians are at a heightened risk of being targeted by crooks over the coming months as cyber criminals try to con people out of their money through end of financial year or tax-related scams. One in four Australians (24 per cent) have…

The world is hurtling towards a recession, with the risks skyrocketing for richer nations – including Australia. That’s according to the International Monetary Fund (IMF), which issued to the dire warning in its World Economic Outlook…

A tax break for millions of Australians will expire this year as planned amid claims Treasurer Jim Chalmers used the Easter long weekend to bury the news. The low-and-middle-income tax offset handed people earning under $126,000 a year a…

More than 10 million middle-income Australians will cop one of the largest tax increases in Australian history after the May federal budget. The record breaking tax hike comes as households are grappling with high interest rates and…

The ‘tech wreck’ sweeping through the technology sector has hit an Australian dad not once, but twice. A 42-year-old father-of-two has been made redundant two times in the past six months as the IT meltdown continues to wreak havoc.…

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…