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
What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the needs of the community as we grow and evolve. It … Read more
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
