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The Latest Breaking News from ATO

Voluntary HELP debt repayments soar ahead of major indexation rise

Thousands of people are making voluntary contributions to their Higher Education Loan Program (HELP) debts ahead of the 7.1 per cent jump in indexation on June 1.

ABC News

‘Declare it!’: Tax office targets side hustles as nearly 900,000 earn a second income

There are penalties for getting it wrong, and this year the ATO will have its sights on those with side hustles who don't report their income.

The New Daily

Influencers warned as ATO cracks down on side business

People with side hustles will come under scrutiny this tax season as the Australian Taxation Office cracks down on businesses amid the cost-of-living crisis.

AAP

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Richard Boyle claims judge wrong to deny him whistleblower protections

Former ATO worker lodges appeal against a South Australian district court decision

The Guardian - AU

The ATO Has Issued Another Warning Ahead Of Tax Szn So Here Are The Ppl That Are Being Targeted

Influencers, content creators, delivery drivers and more folks need to beware.

Pedestrian.tv

Braidwood raid allegedly uncovers more than 26 tonnes of illegal tobacco plants

Police allegedly busted a tobacco farm near Braidwood.

The Canberra Times

Tax office reveals landlords are among those in its sights

The ATO is also running its ruler over landlords, with data showing 90 per cent of rental property owners are getting their returns wrong.

The New Daily

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Got a rental property? Or rent out your home on Airbnb? The ATO is targeting your deductions this tax time

The tax office says it is cracking down on landlords who are over-claiming tax deductions.

ABC News

Pipe bomb defused in Co Down security alert

Nearby residents had to leave their homes after the device was discovered on Friday night.

Belfast Live

Budget 2023: Business to benefit from energy assistance and renewables investment, but key tax break scaled back

Renewable energy and the transition away from fossil fuels are the government's key focus in its assistance to businesses, big and small, but a key small business tax break has been scaled back.

ABC News

Michael Pascoe: Hiding in plain sight, Labor commits to further big fossil fuel projects

The Albanese/Chalmers government went ever so gently with the gas industry because it hopes for more big new fossil fuel extraction projects.

The New Daily

Brindabella Christian College unable to 'extinguish' tax debt

It is unknown if the school is complying with conditions on its approval.

The Canberra Times

'Payday super' changes tipped to add thousands to retirement incomes, catch more unpaid superannuation

Millions of Australian workers are set to retire with thousands more in their superannuation accounts after changes from the federal government requiring all businesses to pay their employees' superannuation on payday.

ABC News

Government will require bosses to pay workers their super on payday

A government change requiring superannuation to be paid on payday could mean a young employee will be several thousand dollars better off by retirement.

The Conversation

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The Guardian - AU

Labor announces payday super to crack down on billions in unpaid funds each year

The measure will deliver a ‘more dignified retirement to more Australian workers’, treasurer Jim Chalmers says

ABC News

Deliberately not paying superannuation is 'wage theft' and the government is cracking down on it

Employers who deliberately don't pay their workers their full wages and superannuation on time could face tougher penalties under a federal government crackdown, with the possibility businesses will be made to make super payments more frequently.

ABC News

Australia's HECS-HELP debt has topped $74b. How long does it take the average student to pay theirs off?

Those with some of the country's biggest HECS-HELP debts would be more than 100 years old before even coming close to paying them off without voluntary extra repayments.

ABC News

Greens call for abolition of indexing on HECS/HELP loans as student debt balloons, senate report to be tabled

A push from the Greens to abolish indexing on HELP debt (formally known as HECS) comes as more than 3 million graduates face up to a 7 per cent hike on their debt this June due to spiking inflation.

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ABC News

HECS-HELP indexation is forecast to be higher this year. Is it still a 'good debt'?

Student debts are expected to go up by 7 per cent on June 1. If you've got a higher education debt, here's what you need to know.

ABC News

Experts say AI scams are on the rise as criminals use voice cloning, phishing and technologies like ChatGPT to trick people

Artificial intelligence is getting better at pretending to be human, and scammers are taking advantage.

The Guardian - AU

Australian Taxation Office to force banks to hand over landlord data in investment property crackdown

Exclusive: Incorrect reporting of rental property income and expenses, and failure to declare capital gains are all in the spotlight

AAP

NSW police bust $28 million illicit tobacco plantation

Authorities seized and destroyed approximately 16 tonnes of illicit tobacco in New South Wales after police said they received a tip-off last year.

The New Daily

Ask the Expert: Super optimisation – how to go the extra mile with your contributions

There are opportunities to make further contributions to super. But some care needs to be taken in how you go about it.

The Guardian - AU

‘A no-brainer’: paying attention early can supercharge your super

When it comes to superannuation, $1 at 30 is worth $5 by retirement. Experts share their tips on maximising your retirement savings

ABC News

Growing calls for student HECS-HELP loan indexation to be abolished as inflation sends debts soaring

A growing chorus of university graduates is calling for an overhaul of the HECS-HELP debt system, as loan amounts balloon due to high inflation.

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