Tax season can be a stressful time for many Australians, especially when it comes to keeping track of receipts, expenses, and income. Fortunately, there are apps available that make this
Understanding the powers of the Australian Taxation Office (ATO) in accessing bank account information is crucial for anyone who pays tax in Australia. This article delves into the circumstances under
At TaxTank, we are committed to providing the most up-to-date and accurate tax information to help individuals, property investors and sole traders make informed decisions about their tax. The ATO announced yesterday a number of key areas that they will be focusing on this tax time, including rental income, capital gains tax and work-related expenses.
The best tax software can help you keep track of your deductions and make sure you’re taking advantage of all the deductions you’re entitled to. This can save you a lot of money come tax time. It can also help you keep track of your tax records so you don’t miss any important deadlines.
The Australian Taxation Office is targeting taxpayers who may have made mistakes on their tax returns and could be at risk of a tax audit. In this blog post, we will discuss what you need to know about the ATO’s latest tax campaign.
New research reveals that despite 75% of property investors reporting that they will lodge their return through an accountant this year, many are still feeling stressed at tax time.
You’ve read it in the news. You’ve heard people talking about it. Those in the know urge you not to dismiss it. Being the subject of an ATO audit is not to be dismissed as a trivial matter. It can and does happen.
Most people remain unaware of their financial position and wait until the end of the financial year to start thinking about their tax return, which gives the ATO a really unfair advantage. Here’s how to beat the ATO at their own game.
Australians are all about fairness and unfortunately the numbers suggest our system is far from fair. The problem is that most taxpayers don’t realise how the system works, how many taxes they actually pay nor the extent of their eroding privacy.
A Gold Coast startup has officially launched a new tax software to give accounting firms access to powerful tax tools that will transform the way they work and stem the loss of clients to the ATO’s automation tools.
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