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Tax Deductions Under the ATO’s Magnifying Glass

Tax Deductions Under the ATO’s Magnifying Glass

As the 2025 tax season approaches, the Australian Taxation Office (ATO) is sharpening its focus on individual taxpayers, particularly when it comes to deductions. With advanced data analytics and real-time reporting now central to the ATO’s compliance toolkit, the days of unchecked or poorly substantiated claims are numbered. Here’s a closer look at the red flags that could put your tax return under the microscope.
Common Financial Mistakes to Avoid During Divorce

Common Financial Mistakes to Avoid During Divorce

Divorce is often an emotionally charged and challenging experience that can have far-reaching consequences on your financial well-being. While it's natural to feel overwhelmed during this difficult time, it's crucial to approach financial decisions with clarity and foresight. In this article we discuss some of the most common financial mistakes people make during divorce and how to avoid them.
Key End-of-Financial-Year Tax Tips!

Key End-of-Financial-Year Tax Tips!

Learn effective strategies to maximise your tax return, including claiming all eligible deductions, understanding home office expense claims, obtaining a depreciation report for investment properties, lodging your return early for refunds, and timing your bonus income.
Am I Paying My Fair Share of Tax?

Am I Paying My Fair Share of Tax?

As the financial year draws to an end, there is still time to talk to your tax adviser about minimising your tax bill for 2020/21. As a way of reminding you, we thought we would spend some time looking at who pays tax in Australia – and how much they earn before doing so!