The Low and Middle Income Tax Offset was a flawed idea. Now that it’s gone, our tax bills are up to $1500 higher.
Filing tax returns can lead to a tax refund – but due to changes in tax laws this year, your refund might be smaller than anticipated.
If you earn less than $60,000, you may be eligible for free tax help. But there is more we could do to help everyone – including struggling sole traders or small businesses – get the advice they need.
Scammers have exploited a simple weakness in the myGov online portal to redirect hundreds of millions of dollars in tax refunds.
Australian landlords pay $1 billion less tax per year than the Tax Office believes they should, with almost all of the ‘errors’ in their favour.
Some tax deductions for the cost of managing tax affairs exceed $1 million, but high wealth individual\s can write off the expense in other ways.
The coronavirus pandemic has highlighted the fact we are failing to collect tax revenue and also giving away hundreds of billions in tax concessions.
A UNSW tax expert shares practical tips on claims you can make in your tax return if you’ve worked from home during the pandemic.