Profiling has its advantages
The Australian Taxation Office has made use of its new $800 million computer system to identify and block what it claims are $125 million of fraudulent or overstated refunds. This figure represents the tax returns lodged in July 2011 alone and is already... Read More →
Have you missed out?
Are you entitled to the Education Tax Refund (ETR)? Data has shown that 1 in 5 eligible children and their families missed out on the benefits of the ETR because their parents were unaware they were able to make a claim in their tax return or did not keep receipts.
ATO Joins the Dots
The Australian Taxation Office (ATO) is preparing to enhance its already extensive network of information sharing capabilities. Previously, many taxpayers who, whether carelessly or unintentionally omitted certain income from their tax returns such as interest, dividends, distributions, share sales, etc.
ATO Target Tax Dodgers
The Australian Taxation Office (ATO) is about to begin an advertisement campaign to encourage taxpayers who have undisclosed offshore assets and bank accounts to voluntarily disclose any income received while concessional arrangements are in place.