Finance

If you're working full or part time and also have a side hustle, tax time can be complicated. Here's some advice from professional accountants to help you.

Australian taxpayers are using TikTok to share their surprise and disappointment at their 2022-2023 income tax returns, highlighting some of the significant tax changes that came into effect last financial year.

The Australian Tax Office treats cryptocurrency holdings like other investment assets, such as company shares or real estate.

The federal government has outlined its legislative plan for the Small Business Energy Incentive, framing expectations around the $20,000 'bonus' tax deduction while excluding out high-cost upgrades like new electric vehicles.

Small business accounting platform Thriday is launching a new AI system which tracks business spending to automatically prepare a tax treatment, a development CEO Michael Nuciforo claims as an Australian first.

Small business and microbusiness owners are fronting up to the University of New South Wales tax assistance clinic with an average tax debt of $80,000.

Australian regulators and agencies have warned taxpayers to be extra vigilant during tax time this year and to be on alert for dodgy EOFY scams.

ATO Assistant Commissioner Tim Loh said this week there are some key changes to look out for this tax time when claiming deductions.

A tax structure used by leading sportspeople, celebrities, and even influencers will now come under the ATO's scrutiny, thanks to new rules which define some earnings from an individual's 'fame' as personal income.

The Australian Taxation Office said its call centres were unable to keep up with demand on Friday, as taxpayers and business owners alike flooded the system with last-minute end of financial year queries.

SmartCompany asked experts from across the accounting field about how small businesses should optimise their tax return this year.

The Technology Investment Boost promises 20% ‘bonus’ tax breaks to small businesses investing up $100,000 in new tech, equating to a maximum deduction of $20,000.