The Latest Breaking News from Tax Return

From electricity and internet bills to printing paper and ink, here’s what the ATO says you can and can’t claim for your home office

The clock is ticking towards the end of the financial year, which means it's time to start preparing your tax return. Here are some COVID-era deductions.

Australians not declaring crypto investments and over-claiming work-related expenses to help with the rising cost of living could come under ATO fire.

If you use a tax adviser to complete your income tax return you’re not alone. Australians use tax advisers more than any other nation apart from Italy.

Save up to 90 per cent, and yes, you read that right. 🥵

HMRC encouraging other people to change their filing habits and follow suit

More than 66,000 people filed their 2021/22 return on April 6.

People are increasingly getting their tax returns in early, HM Revenue and Customs said.

By Abigail Perry Crypto is still a relatively new investment opportunity, and there are still many unanswered questions about how it fits into our tax laws. Well, the bad news for crypto investors: it is taxable. Despite being a digital asset, the IRS considers cryptocurrency holdings 'property'. This means they…

This controversial subset of the non-dom tax loophole allows people to avoid submitting a tax return to HMRC altogether

For small-business owners, preparing an income tax return is far from simple, which can increase the chances of making a mistake