Taxpayers who “copy and paste” work-related claims each year or try to offset their rental income by inflating deductions will be in the Tax Office’s sights.

Over May and June we will add two articles to our website to help you plan and take actions before the end of the 2023-24 financial year.  

All too often a small business operates as an ‘island’, not knowing how they are really doing.  These benchmarks allow meaningful comparisons. 

Check out the Shortest-reigning Monarchs in History

Since the government’s announced changes to the Stage 3 tax cuts to give lower income earners more benefits, the chorus of voices advocating for changes to other aspects of the tax system, such as negative gearing, has grown steadily stronger.

Foreign resident capital gains withholding (FRCGW) of 12.5% applies for all property sales of $750,000 or more.

Recent data shows an increase in the average sick leave days to 13.8 per employee per year.

Australians made more than 600,000 reports about scams in 2023 — about 18 per cent more than in 2022.(ABC News: Evan Young/Canva)

The ATO is targeting unlawful tax and super scheme promoters, citing “serious” penalties and reputational risk.

Four main components of this year's Federal Budget can be seen by using the following links.