Unprecedented working-from-home tax deductions plus tax cuts offered by the federal government mean more than half of taxpayers can expect their biggest tax refund this year.
There are three potential methods to calculate your working-from-home tax deductions. Here’s how to figure out which is best for you.
As the Morrison government dealt with the fallout from the coronavirus pandemic,it also had to close a tax loophole for recycled oil.
The perfect storm of the coronavirus is likely to bring your biggest tax refund yet but pay attention to detail.
Australia's 2 million landlords will miss out on billions of dollars in rental income over the next two years as tenants struggle to pay,with housing market researchers suspecting many more property investors will claim a financial loss.
The ATO's video highlighting important changes to work-related expenses and deductions this tax time.
Deluxe stationery? The cost of Zoom calls? Depreciation on your dining-table'desk'? What deductions can you claim for working from home during the pandemic?
Businesses that claim the JobKeeper payment incorrectly would be forced to repay the money and could then claw back the money from their employees.
The commission says the zonal tax offset should be abolished,while calling for an overhaul of fringe benefits tax arrangements in remote areas.
It estimated that there are about 65,000 parents who would like to work,or work more,but are not able to do so due to difficulties affording and accessing suitable childcare.
The OECD says Australia is heavily reliant on company and personal income tax.