The ATO has commenced in education program along with random audits of taxpayers claiming work related expenses.
Read MoreAs cryptocurrencies continue to lure investors and make them fortunes – or not – authorities around the globe are assessing how to treat altcoins for tax purposes
Read MoreThe message from the #ATO is loud and clear. Get #taxadvice or face the #penalties for getting your tax liabilities wrong
Read MoreWith Tax Time looming, it pays to be prepared. For most people, their annual tax refund is the single biggest lump sum payment they receive each year.
Unfortunately not all tax payers will do it correctly. With the ATO conducting over 45,000 audits each year and adjusting near $1 billion in over claimed expenses.
So what should you do to maximise your tax refunds?
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