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While lodging your tax return may not be the most thrilling date on your calendar, when it comes to the Australian Taxation Office (ATO), excuses better sold in a bookstore will be considered as a serious offence. What are some valid excuses for not lodging your tax return?
Many may think that tax time is not necessarily a creative endeavour, but some people will test the limits whatever the occasion. So, what have been the weirdest tax deductions this tax season?
We’re already half way through the 2019 tax time, and many Australians have received their tax returns already. There are many ways to spend that extra cash, but how can you make the most out of your tax return?
When you earn rental money no matter if it is privately rented or rented through AirBNB, the ATO will consider that taxable income which will raise your total taxable income at the end of the year. If you’re not careful and aren’t aware of how you manage that income stream, you may have to pay more tax.
Many taxpayers in Australia expect some sort of tax return, but for many how a refund is calculated is a mystery. There are many calculations and deductions that are included to form your personal income tax. How can you work out what your tax refund should be?
Andrew Mills states that having a professional adviser is the ‘single best predictor of business success’.