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Tax deductions

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Tax office blitz bears fruit as workers cut expense claims

Tax office blitz bears fruit as workers cut expense claims

For the first time in two decades there are early signs the ATO's work expense deductions campaign is starting to bear fruit.

  • by Clancy Yeates

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Ask Noel: Save for a home I can buy now, or save more for later?
Opinion
Superannuation

Ask Noel: Save for a home I can buy now, or save more for later?

Our expert explores the pros and cons of buying an affordable property now or saving for a larger deposit for a more expensive property in the future.

  • by Noel Whittaker
Tax Office reputation takes a hit among online users
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ALP

Tax Office reputation takes a hit among online users

Community perceptions about the ATO took a hit, as its reputation suffered amid IT outages and complaints about its treatment of small business taxpayers.

  • by Nassim Khadem
How the ATO is nudging Australians to pay more tax
Opinion
Opinion

How the ATO is nudging Australians to pay more tax

Behavioural economics is a low-cost approach to getting people to pay more tax. It is having a positive impact on work-related expense deductions and tax debts.

  • by Nassim Khadem
Are you and I to blame for $8.7b a year in ‘missing’ revenue?
Opinion
Opinion

Are you and I to blame for $8.7b a year in ‘missing’ revenue?

The Tax Office thinks there is $8.7 billion a year revenue missing because individuals over-claim on their tax returns. Is it right?

  • by Nassim Khadem
Claim tax deductions without a receipt in eight steps
Tax deductions

Claim tax deductions without a receipt in eight steps

Many Australians miss out on hundreds of dollars each year because they’ve lost the receipt for work-related deductions they can claim back.

  • by Nina Hendy
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Three common tax mistakes that Australians make
Opinion
Opinion

Three common tax mistakes that Australians make

Even without all the nitty-gritty of legislation, there are plenty of ways that you can negatively affect your tax return.

  • by Olivia Maragna
Why end-of-financial-year sales aren't worth it for the tax deduction
Opinion
Opinion

Why end-of-financial-year sales aren't worth it for the tax deduction

Before you start waving your credit card in the air like you just don’t care, remember you’ll only get back a fraction of the money you spend on work expenses.

  • by Liz Russell
Business tax breaks in response to GFC lifted growth: RBA paper
Kevin Rudd

Business tax breaks in response to GFC lifted growth: RBA paper

But it did not go as far as suggesting the Turnbull government’s proposal to cut the corporate tax rate for large companies would have the same impact.

  • by Nassim Khadem
Shameless EOFY marketing encourages small-business blunders
Opinion
Opinion

Shameless EOFY marketing encourages small-business blunders

Seven traps to avoid as companies employ aggressive June 30 sales tactics.

  • by Tony Featherstone
A ‘standard’ deduction? No such thing, ATO warns ahead of tax time
ATO

A ‘standard’ deduction? No such thing, ATO warns ahead of tax time

The most common myth that leads to errors being made at tax time is that people think they are entitled to automatic or standard tax deductions, the ATO says.

  • by Nassim Khadem