Taxation

A new tax change targeting superannuation balances over $3 million is causing waves across Australia. While most can manage the increased burden, a few might struggle to keep up.

This warning is important given that millions of Australians rely on car-related deductions, but many are unknowingly making costly errors due to a lack of proper documentation.

Tax deductions are helping Australians save more than ever this year. With the latest data revealing substantial claims, many are maximizing their returns. Find out which deductions you might be…

A hidden tax is catching Australians off guard, with many unaware they’re paying an extra $1,318. As the financial year wraps up, a simple check could save you from unexpected…

The ATO has issued an urgent warning to Aussies ahead of tax season. Rushing to file your return on July 1 could lead to unexpected delays.

Centrelink recipients are in for a surprise this tax season. Tax returns may look different this year, and a refund isn’t guaranteed.

Millions of Australians are about to receive a $1,519 tax refund. The extra cash could provide some much-needed relief. Find out how Aussies are planning to use their windfall.

Tax season is here, and you might be missing out on hundreds of dollars. Discover the hidden deductions that could boost your refund. Don't let overlooked expenses slip through the…

Electric vehicle owners in Australia could soon face a new road-user charge, potentially costing up to $363 a year. Is this the end of tax-free driving for EV owners?

A major tax shift is coming for Australians with large super balances—and insurance payouts could unexpectedly tip the scale. While these payments aren't counted as income, they may still inflate…

Tax season is here, and scammers are already targeting unsuspecting Aussies. With losses averaging $1,537, it’s never been more important to stay vigilant.

While school fees and childcare costs generally aren't deductible, there’s one specific fee that might be: voluntary contributions to the school building fund.

The Australian Taxation Office is raising the Medicare Levy Surcharge thresholds, giving taxpayers a chance to avoid a hefty tax. But here's the catch: without the right private health insurance,…

Australians making voluntary superannuation contributions could be missing out on significant tax savings if they don’t submit the required form before June 30.

The Australian government has unveiled sweeping changes to the superannuation system, targeting the wealthiest retirees. Starting in July 2025, those with super balances above $3 million will face higher taxes…

Taxpayers, brace yourselves! A major change from the ATO is just around the corner, and it could make your next tax return much more expensive.

As tax time approaches, Australians are facing a surge in dangerous scams targeting their personal information. The ATO warns of a major increase in impersonation attempts, with criminals exploiting the…

With the ATO tightening its focus on capital gains tax, many Aussies could face penalties for underreporting asset sales. Could your tax return be under scrutiny?

If you drive for work, there’s a simple $4,400 ATO tax deduction waiting for you—without needing a logbook. Many Aussies miss out on this easy win.

Over 10 million Australians are preparing to lodge their tax returns this year, with many anticipating refunds. The ATO encourages taxpayers to take their time to ensure accuracy and avoid…

Millions of Australians are gearing up to claim tax refunds averaging over \$1,500 this season. The Australian Taxation Office warns that rushing the process could lead to costly mistakes.

Australia’s new superannuation **tax** rules could hit high-balance accounts hard, including unexpected levies on franking credit refunds and unrealised gains.

A new superannuation tax plan is set to change retirement savings in Australia—what it means for you could be surprising.

Australians with simple finances may soon skip the hassle of filing, as the ATO moves toward automatically pre-filled tax returns requiring only a quick confirmation.

Victoria’s parliament approved a controversial new tax to fund emergency services during a late-night session, triggering protests from volunteer firefighters and farmers. The levy replaces the previous fire services charge…

The Coalition has announced a new initiative to boost small businesses across Australia. With tax offsets for start-ups and incentives for tech upgrades, the plan aims to help 350,000 new…

The Australian Labor Government’s new $1,000 instant tax deduction promises to simplify tax time for millions of taxpayers. With no need for receipts, this initiative aims to reduce paperwork and…

From 2026, new tax cuts will gradually boost take-home pay for millions of Australians. Savings will grow further in 2027, with low and middle-income earners set to benefit most.

aylor dismissed the proposed tax cuts as a short-term political tactic. He argued they offered minimal relief for families under financial pressure.

Major corporations like Meta, Amazon, and Uber could soon be paying more under a new Greens tax proposal targeting digital services. The plan, expected to generate $11.5 billion, has sparked…

Millions of Australians face a private health insurance hike from 1 April, with increases surpassing inflation. David Koch urges consumers to review their policies to avoid overpaying.

The Australian unemployment rate held steady at 4.1% in January, aligning with market expectations. This data suggests the Reserve Bank of Australia is unlikely to implement a rate cut in…

Uncertainty grows for small businesses as key tax reforms, including the £20,000 write-off, remain unresolved amid political delays.

Wealth is quietly shifting in Australia, and the tax system isn’t keeping up. A policy once seen as a solution to inequality was scrapped decades ago, but some say it’s…

A new RBA study examines the effectiveness of business tax breaks, revealing insights into their impact on investment trends. The findings suggest varying outcomes depending on economic conditions.

A new tax cut proposal promises to put more money in the pockets of Australian couples—but not everyone is celebrating. Critics warn it could worsen inequality and discourage workforce participation.

CA ANZ warns that the proposed superannuation tax changes could create significant financial and administrative burdens while generating minimal net revenue. The organization is calling for broader tax reforms to…

The ATO's fiscal focus is expanding to include new areas of analysis, particularly the implementation of revised thin capitalisation and debt deduction rules. These adjustments form part of the ATO's…

The ATO is cracking down on fraudulent tax schemes spreading online, warning that participants risk heavy penalties. Officials urge caution and professional advice before engaging in any tax arrangements.

CPA Australia warns that removing tax debt interest deductions could increase financial pressure on small businesses. The organisation calls for targeted measures instead of a broad, punitive approach.

Rising interest rates, business closures, and a struggling job market are putting pressure on the RBA to act. Experts warn that without change, the private sector may face deeper challenges.

The Queensland government is considering a payroll tax exemption for GPs, a move that could impact healthcare affordability and practice sustainability. Discussions are ongoing.

Tax practitioners must ensure that any reported breaches are based on reasonable grounds, not hearsay or personal opinions. The Tax Practitioners Board (TPB) warns that false or vexatious claims could…

Australians could face higher tax debt penalties starting July 1, as the ATO rolls out a major policy change. Small businesses and sole traders may be hit the hardest, with…