Posts tagged "tax returns"

The deadline for self-lodged tax returns is fast approaching, with taxpayers required to turn over their details by October 31.

Taxpayers who believe their tax affairs are straightforward have been given the "green light" by the ATO to go ahead and commence lodging their income tax returns.

Taxpayers are being reminded by the Australian Taxation Office (ATO) not to rush lodging their annual income tax return from July 1.

Users of the Australian Taxation Office's online portal reported outages as late as Tuesday afternoon, with the tax office yet to detail the cause of technical difficulties causing almost a week of disruptions.

I recognise most of you don’t want to hear this, but I have a tip on how to lead a happier and more productive life. Be happy about paying taxes.

The Tax Practitioners Board has terminated the registration of a Victorian tax agent and banned him for five years.

At this time of year, tax deductions are front of mind. Here are some changes to keep in mind due to the COVID-19 pandemic.

Australian business owners and employees will have access to the shortcut method for claiming working-from-home tax deductions until the end of this financial year. 

The Australian Taxation Office has extended its shortcut method for claiming working-from-home expenses to December 31, 2020. 

In the future, the ATO could take the strain off business owners by doing many of their obligations for them, Chris Jordan says.

The ATO has warned businesses will not be able to claim JobKeeper wages under their R&D tax incentive deductions, foreshadowing retrospective red tape.

So far, the ATO has processed refunds for more than 1.7 million taxpayers in the busiest start to a financial year in history. But warns of tax time errors.