What the ATO checks on rental property claims

A hand holds a set of keys in front of a blurred interior view of a modern apartment

With the Australian Taxation Office (ATO) revealing that a staggering 90% of rental property owners have inaccuracies in their tax returns, it’s crucial for owners and practitioners to be meticulous this tax season. The ATO continues to intensify its focus on rental properties, emphasizing the importance of compliance with tax obligations. Inclusive Rental Income Reporting … Read more

The Billion Dollar ‘TikTok Scandal’ Unravelled

A person holds a smartphone displaying the TikTok app with an orange EXPOSED stamp overlaid on the screen

In a scandal that shook the nation, the TikTok tax fraud saw a staggering $1.7 billion paid out in fraudulent refunds, with an additional $2.7 billion in fraudulent claims halted in their tracks. With around 56,000 alleged perpetrators and over 100 arrests to date, how did this scandal spiral out of control? A Victimless Hack? … Read more