Laundry expenses hung out to dry

Laundry expenses hung out to dry

The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims.  Have our laundry expenses been hung out to dry? “Last year around 6 million people claimed work-related clothing and laundry expenses,...
60,000 Tax Cheat Tip-offs

60,000 Tax Cheat Tip-offs

Tip-offs to the Australian Taxation Office (ATO) have reached an all-time high with close to 60,000 tip-offs received between June and May 2019 – almost double the number of the previous year. The ATO thinks the number of tip-offs will reach around 70,000 for the full...
Super, insurance and exit fees: The 1 July changes

Super, insurance and exit fees: The 1 July changes

From 1 July 2019, new laws prevent superannuation funds from eroding member balances with unwanted or unnecessary insurance and exit fees.  Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner.  These...