Gas tax revenue is predicted to take a downward trajectory going into the 2030s as we head into a zero emission, greener future. States are looking at ways to make up for the loss in revenue and one of those ways might be to tax the constant stream of delivery trucks. Does The Jeep Wrangler … Read more
Australians are being warned by experts not to make any “incorrect” deductions on this year’s tax return, or else risk pricey repayments. To make understanding deductions easier, the Australian Taxation Office (ATO) lists the items taxpayers can and cannot claim based on their employment needs and demands. “You’re entitled to claim a deduction for any … Read more
Opportunistic scammers are using tax time to target unsuspecting Australians trying to lodge their return. As of July 1, taxpayers can file their tax returns with the Australian Taxation Office. The easiest way to do this is by visiting the ATO’s website through myGov or using a registered tax agent. Know the news with the … Read more
Facing mounting cost-of-living pressures, taxpayers can now lodge their returns for the 2023-2024 financial year and hopefully receive some much-needed tax dollars back. This includes Australians who receive government payments, who must either lodge a tax return or complete a form explaining they receive a non-taxable payment. Centrelink payments including JobSeeker, Youth Allowance, Age Pension … Read more
It’s tax time again and, although you may be itching to get your return out of the way, officials are urging Australians to take a breath first. The Australian Taxation Office (ATO) says people who rush in and lodge in early July are twice as likely to make a mistake. Here’s everything you need to … Read more
Virgin Australia has launched a massive mid-year sale, with more than one million fares available for one week. Starting from just $49 one-way, the sale comes just in time for those looking to use their tax returns to book holidays for the year ahead. “As Australians wrap up the financial year and look for ways … Read more
Australians trying to get a jump-start on lodging their tax returns have complained of being placed in a “slow” online queue, as some faced wait times of more than an hour. Taxpayers could file their returns from Monday, but some people logging on reported being met with a “hang tight” message on the Australian Taxation … Read more
A new financial year ticks over on Monday, and with it comes time to prepare your tax return. While some deductible expenses such as your work phone are common knowledge, there are other expenses you might not know you can claim. Some clothing items required explicitly for work may be eligible, including occupation-specific clothes or … Read more
Tax agents are warning workers to be prepared for a tax debt if they’re earning a wage from two or more employers and haven’t made the correct tax declaration. The number of Australians who hold two jobs has increased since coronavirus restrictions eased and cost of living pressures increased. The Australian Bureau of Statistics reported … Read more
Changes set to come into effect from Monday will mean more money in the pockets of most Australian taxpayers. Stage 3 tax cuts were finalised in May’s federal budget, as well as a number of measures to combat the rising cost of living. Under the stage 3 tax cuts, taxpayers will receive an average tax … Read more
