Tax Office

It’s not just taxpaying clients on thin ice over dodgy claims

In the ATO’s most recent tax professional webcast, a viewer posed the statement: “Agents lodging incorrect claims should be weeded out.” In response, one of the panel, Assistant Commissioner Kath Anderson, agreed that it is in everybody’s best interests to have a level playing field, but added, referring to practitioners, not their clients: “We need

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The Tax Office has completely changed its documentation

Over the last few months a lucky bunch of taxpayers road-tested a new suite of paper-based ATO correspondence letters at the regulator’s Co-Design Centre in Canberra. The crash-test results were favourable, so now we can reveal what you’ll get in an envelope from the Tax Office going forward. The Tax Office has completely changed its

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How your work-related car expense logbook should actually look

In a tax world where proof is the taxpayer’s burden, “show me” is a typical response from the Tax Office.  So when it comes to cars, what do you need to show? If you chose to use the logbook method to claim your car expenses, you obviously need a logbook.  This doesn’t have to be

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The Tax Office asked small business how it can help: Here’s what you told it

The Tax Commissioner, Chris Jordan, spoke at the annual National Small Business Summit a few weeks ago, fulfilling a commitment to return a year before. In between these engagements, Jordan’s staff were out and about across the country consulting thousands of small businesses owners, getting feedback and input from each one about the Tax Office’s

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3 money-smart ways to beat bracket creep

It’s little wonder the phrase ‘bracket creep’ summons up images of spiders and other nightmarish creepy-crawlies. While it’s not a bad thing to earn more money, get a raise, or have your salary adjusted with inflation, unwittingly jumping into a higher tax bracket can negate any fiscal gains you make from the added income. The

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