The federal government has proposed sweeping changes to the way investors claim depreciation on previously used assets within a residential property.
Haven’t gotten around to lodging your tax return from 2016 or earlier? You’ll miss out on an extended deadline to file this year’s return.
Tax refund season is well under way, and those lucky enough to achieve a sizeable refund will be dreaming of extravagant holidays and enormous TVs. But those who end up with a smaller refund than expected or, worse, owing the ATO money, will be left scratching their heads.
Did you know that most people under 75 are now able to claim a tax deduction for after-tax contributions they make into super?
Many people lodge their return in early July to get their hands on the refund as soon as possible. But you could get a “please explain” from the tax office.
The end of financial year is just around the corner. Here are seven steps to getting a bigger tax refund.
Not only do ‘instant tax refunds’ take a chunk of your return, you could end up owing the ATO money.
The ATO is cracking down on work-related deductions this tax time.