The $20,000 asset write-off scheme for small businesses is set to end on June 30, so you have just three months to nab a tax bargain on a new or used vehicle.
If your Facebook feed is full of photos of lavish holidays and luxury cars but you cry poor at tax time, the ATO could have you in its sights. The tax office is employing tactics from monitoring social media to checking who pays a child’s school fees as it tightens the net on Australians with perceived wealth.
Aussies are paying $2148 a year for travel and $1548 a year for lunches. But they can claim it on tax, right?
Many Aussies are dying with large super balances because they are spending frugally in retirement so they can pass on as much as possible to their children.
Other state governments, in particular NSW, will be watching Victoria closely to see whether this initiative will have the reverse effect by increasing demand for housing when supply simply can’t keep pace.
Forget stamp duty concessions for first-home buyers. The answer to the housing affordability issue could be a tax break for empty nesters aged over 70.
Many couples think they must lodge a combined a tax return once you’re married, which isn’t true. Here’s what you need to know.
Airbnb has been one of the success stories of the sharing economy, but it poses a challenge when it comes to tax obligations. Here’s what you need to know.