USEFUL TAX INFORMATION
CURRENT PERSONAL INCOME TAX RETURNS
CLICK HERE TO LEARN THE PERSONAL TAX RATES for 2025 2026 Tax years
ATO TARGETS FOR 2025, 2026, TAX RETURNS
TWO KEY ATO TAX TARGETS in tax returns 2025 & 2026 T HAT AFFECT MOST PEOPLE .
The ATO has announced that they will target two areas that affect many taxpayers in 2025 & in future years.
Those key areas being ‘Work From Home ” and Rental Properties .
It is important that people understand the ATO’s Record Keeping requirements.
The ATO website: www.ato.gov.au provides useful information covering these two areas.
For your convenience, I have detailed important information about these two areas
Working from Home
Click here for an example of documents you should use when wanting to make a claim for working from home:
If you do not have the right paperwork and prepare correctly, then ATO will amend the Lodged Tax returns and people have to PAY MORE TAX for both these ATO target areas.
Rental Properties
The ATO is targeting taxpayers with rental properties in the 2025 2026 P[ERSONAL INCOM TAX RETUTRNS.
The ATO new tools allow it to pick up a lot more information to penalise you if you are trying to evade ATO scrutiny
They have done this, as they are picking up in Audits a greater number of errors by taxpayers when lodging Rental Property claims to that are excessive and so incorrectly result in higher Negative gearing effects, which result in higher Refunds & Lower Tax Payables than is warranted.
Double Click on this link to listen to a broadcast of information from me about Rental properties
If you want some more guidance from me as to what to do, pls do contact me to make a time to see me using the form on the website
SUPERANNUATION NEWS
click here to learn the changes in Superannuation for the 2025 Personal income tax returns
