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Tag Name: ATO

Small businesses find tax time stressful, confusing

Don’t feel bad if you find the end of financial year (EOFY) challenging – because so do most entrepreneurs.   A Xero survey of more than 1000 small business owners and decision-makers found that 71% considered EOFY to be stressful and 56% had experienced mishaps in previous years.   Furthermore, 83% of respondents said they […]

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ATO puts spotlight on property investors

The Australian Taxation Office (ATO) has warned property investors it will pay close attention to their reported income and deductions this tax time, with official data showing that about 90% of investors get their tax returns wrong.   ATO assistant commissioner Rob Thomson said general repairs and maintenance on your rental property can be claimed […]

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