Tax

Authoritative and technically accurate information and guidance on all areas of tax

5 smart things to do with your tax refund

For many people, their tax refund is treated like a mini lottery win. This tax time, consider putting your “gift” from the ATO to good use. Perhaps it’s the modern world we find ourselves in that taxpayers look at their tax refund like it’s a fortuitous windfall gain. But if you look at your refund

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New areas and items covered by Tax Time 2016 pre-filling service

The ATO advices that use of the pre-filling service will ensure that information provided by your clients is cross-checked with data that it already holds. This is one way to help ensure the accuracy of returns. But there are also new areas and items covered by Tax Time 2016 pre-filling service. New items covered Tax

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Tax time = prime time for scams

The ATO is reminding taxpayers that tax time = prime time for scams, and to be on the lookout for tax-related scams during Tax Time 2016. It points out that fraudulent activity surrounding tax is on the increase, noting that in 2015 almost 87,000 phone and email scams were reported to the ATO, which it

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