In the days of ancient Rome, it was tradition for the upper class to liberate their slaves after a set number of years. The Roman government, however, looked at this as an opportunity to generate revenue, and they taxed the newly freed slave on his freedom. In...
That’s right, it’s that time of year again when hard working Australians have a chance to get a little something back from the government. That ‘little something’ of course is your tax refund and it is your money to begin with so it only makes sense to get as...
The 2014-15 Federal Budget is the Government’s blueprint for tackling what they call unsustainable deficits forecast at $29.8bn next year and totalling $60bn over the next 4 years. But the proposals would signal perhaps the most radical reshaping of Australia’s...
Did you have a child born between 1 July 2001 and 30 June 2004? Did you claim the baby bonus (aka first child tax offset) each year until the child turned 5 years old? If you didn’t then you could be owed some money from the ATO… And it could be anywhere from...
The ATO is ramping up its tax collection machine with its latest advice to declare your offshore holdings now, i.e come to us before we come to you. If you hold assets overseas we recommend declaring the income now before the tax office comes knocking on your...
Found some extra cash and want to pay down your student debt and save a massive 5%? Better get in before 1 January 2014 because the upfront payment discount is being abolished. The tax office close over Christmas too so be sure to make payment before 24...
