When do you need to declare online sales income to the tax office? The answer can be as messy as your wardrobe – so two experts explain what you need to know.
Articles on Tax returns
Displaying all articles
From dodgy deductions to avoid, to timing when you submit depending on if you expect a refund or a bill, two tax experts explain what you need to know.
Penalties of 25% to 75% of the tax owed may apply for falsely claiming deductions. The more dishonest the claim, the higher the fine.
If you earn less than $60,000, you may be eligible for free tax help. But there is more we could do to help everyone – including struggling sole traders or small businesses – get the advice they need.
Most Australians pay tax agents because they see it as easier and a way to maximise tax refunds. Yet our survey found most people who have used the myTax site found it easy, and plan to use it again.
Up to one in five Australian adults owns cryptocurrency. A tax expert (and crypto owner) explains what you need to know about claiming losses on your tax return, and a possible discount on your gains.
The co-hosts of the ‘Taxes for the Masses’ podcast explain the upside and downside of all those credits and deductions.
Tax advisers are more likely to act as “tax exploiters” for wealthy clients but “tax enforcers” for the rest of us.
While the Treasury secretary says House Democrats lack a ‘legitimate’ reason for demanding Trump’s tax returns, a former IRS attorney explains that the law says otherwise.
Top contributors
-
Senior Lecturer, Curtin Law School, Curtin University
-
Associate Professor, Accounting, UNSW
-
Professor and Founding Director of UNSW Tax and Business Advisory Clinic, UNSW
-
Lecturer in Taxation Law for accountants, The University of Melbourne
-
Emeritus Professor, School of Accounting, Auditing and Taxation, UNSW
-
Senior Research Fellow, Centre for Social Impact, UNSW
-
Associate Professor of Accounting, The University of Texas at Austin
-
Professor of Law, University of Pittsburgh
-
Senior Lecturer in Taxation Law, Adelaide University
-
Senior lecturer tax and accounting, Western Sydney University
-
Teaching Academic, The University of Melbourne
-
Professor, UNSW
-
Associate Professor of Accounting, Indiana University
-
Senior Lecturer, UNSW