tax time

ATO Identifies Key Focus Areas for Tax Time 2024

As ‘tax time’ approaches, the ATO has announced it will be focusing on three common errors made by taxpayers: Work-Related Expenses In 2023, over 8 million people claimed work-related deductions, with around half relating to working from home. The ATO revised the fixed rate method for calculating working from home deductions, expanding what is included, […]

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Tax Time: Unexpected first-time debts

For the first time, many Australians are finding themselves in a position where they are being told they owe the ATO money after completing their tax return this year. A significant number of taxpayers in this position are those that are still paying off their HECS/HELP debts – many of them young Australians. Following are

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