As announced in the 2013 Budget, the Australian Government has released a Discussion Paper on its proposal to introduce a $2,000 per person cap on tax deduction claims for work-related self-education expenses from 1 July 2014.
If you have an adjusted taxable income of $37,000 or less in a year, you may be eligible to receive a boost to your super of up to $500 a year.The low income super contribution (LISC) is a government super payment of up to $500 per financial year to help low income earners save for their retirement.
Data matching is an expanding program used by the ATO to identify those who are not reporting all their income. The ATO has advised that for the 2011-12 financial year it has obtained data that identifies credit and debit card sales made by Australian businesses from the following banks:
As in previous years, the Australian Taxation Office (ATO) has stated that their offices will be closed during the Christmas-New Year holiday period from Friday 21 December 2012 to Wednesday 2 January 2013. You will still be able to lodge returns during this period, however returns