The ATO has announced it will run a new data-matching program to collect property management data for the 2018-19 to 2022-23 financial years. The purpose of this program is to magnify any “tax gaps”.
The countdown is on, tax time 2021 is almost here. You may be eager to lodge your return early to get your hands on a potential refund. But with Covid-19 making this tax year anything but routine, the ATO has warned against lodging too early. We explain why.
Several tax changes apply in the 2020/21 income year. A brief summary is provided in this article.
As part of the 2021-22 Federal Budget, the Government has announced that the childcare subsidy will be increased up to a maximum of 95% from 1 July 2022.