Is your content making you income?
The Australian Taxation Office has warned content creators that they need to be aware of their income tax and GST obligations.
Taxing unrealised capital gains a grave concern: Burgess
The SMSFA has renewed its call for a more equitable and less costly approach to the federal government’s proposed new tax on superannuation balances exceeding $3 million.
Australian Taxation Office (ATO) target areas for tax time 2023
The ATO has provided some insights to the areas it will be focusing on consisting of rental property deductions, work-related expenses, and capital gains tax.
Average ATO refund tumbles $430 compared to last July
Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.
Penalty amnesty tempts 7,000 small businesses back into tax system
UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
Scammers continue to fleece unsuspecting victims
The scamming industry is creative – different opening lines via telephone and emails appear daily.
Any tax debts in arrears?
Small Business tax debt is estimated at $29m plus at 30 June 2022
New laws come into effect from July 1
These changes will affect almost everyone, including families, workers, business owners and retirees.
Five questions that indicate how financial literate you are.
Australia has a relatively high level of financial literacy when ranked globally. In a study of 140 economies, Australia ranked in the top 10 countries for financial literacy.