Aussies are being warned they need to start doing this one thing from next month, as a popular tax shortcut is being changed.
The office says be on alert for three common taxpayer errors.
The ATO will be focusing on record-keeping, work-related expenses, rental property income and deductions, and capital gains from crypto assets, property, and shares.
While the ATO will continue to support taxpayers through the pandemic, he said the agency will also ramp up its work to address key risks to the tax and super system.
The question is, are you claiming everything you’re entitled to? The general rule is that if you incur an expense as part of your job and aren’t reimbursed by your employer, you can make a claim.
These tips will help you ensure your tax preparation and filing is as stress-free as possible.
Having a corporate trustee for the family trust can be a great idea. If you want a family trust to exist and flourish indefinitely, even after you pass away, then a corporate trustee is the right option for you.