Late income tax returns 2011
During December 2011, the ATO issued default assessment warning letters a number of taxpayers with over¬due income tax returns. These have been sent where the ATO has evidence that these taxpayers have received taxable income in years that taxation returns have not been lodged.
Tax evasion alert
Do you have concerns abouth your tax affairs? Did you know that in 2010/2011 financial year there were over 1,518 tax fraud convictions, with fines totalling more than $7 Million!
Beware of tax related email scams
The ATO are seeing noticeable spikes in scam activity during tax time, so it is important to be vigilant in maintaining the security of your information.
Are you receviing Abstudy, Austudy or Youth Allowance?
You may be eligible to claim a tax deduction for expenses for study and job seeking.
End of year tax tips 2011
Do you have a net gain or loss on the sale of shares, property or investments during the 2010/2011 financial year? Then Capital Gains Tax may apply.....
Letter from ATO Commissioner regarding delays of processing your tax returns
The Commissioner has issued a letter to people who may have been impacted by delays in receiving their tax refunds since 1 July 2010. Please read a copy of this letter
ATO processing of 2010 tax returns slow in July
The ATO has issued a statement regarding the processing of 2010 tax returns for July and the beginning of August. They have told us that....
Checklists for Business Financial Statements and Tax Returns
Not quite sure what you need to bring to your accountant each year? We have the solution...
Make sure you are able to substantiate your Work Related Expenses claims this year.
I was talking to a Tax Office...er Officer recently, and he advised the ATO would be coming down this way this year and looking closely at the claims people make in their Work Related Expenses section of their tax return.
Do you have income or assets offshore?
Some Australian Residents don't realise that they must include overseas income and the profits from the sale of any assets in their Australian income tax returns.
Tax Tips for Property Owners
Tips to help you save tax if you have an investment property or 6.
Budget 2010
Treasurer Wayne Swan presented the 2010 Budget, with very few additional changes to the tax system that had already been previously announced.