Australian taxpayers warned to be aware of ‘four-point hit list’ ahead of tax season
The Australian Taxation Office has confirmed its four-point hit list this tax season - revealing what it will be homing in on.
Record-keeping, work-related expenses, rental property income and deductions and capital gains from cryptocurrency assets, property and shares are the four pillars the ATO will crack down on.
Drivers warned of ATO crackdown
Truckies are being warned to check deduction thresholds and keep accurate records when claiming meal allowances whilst at work to avoid fines and potential audits
Victoria on Cusp of Approving Windfall Property Tax
The Victorian government looks set this week to pass its controversial Windfall Gains Tax—a 50 per cent levy on the extra value created from rezoning a piece of land.