Tax tips that sound too good to be true can create problems at tax time. The ATO is closely watching risky deduction claims and omitted income, making accurate records and properly substantiated claims more important than ever.
The ATO app now includes extra security features to help protect your tax and super information. From account alerts and call verification to the ability to lock your ATO account if something looks suspicious, the app provides an added layer of protection and control.
Think your grooming costs are tax deductible because you need to look professional for work? The ATO disagrees – and they are paying close attention. We breakdown which appearance-related expenses are never deductible, what the ATO is targeting and how to stay on the right side of the rules.
Ever wondered why your tax includes charges for the Medicare levy and surcharge? Discover what they mean, who pays them, and how private health insurance impacts your liability.