by Financially Sorted | Jul 28, 2025 | ATO, Tax Returns
No-one wants to risk an audit by the Australian Tax Office (ATO). Avoid these four common mistakes to stay off the ATO radar this tax season. 1. Work-related expenses The most common mistake individuals make in preparing their tax, is incorrectly claiming work related...
by Financially Sorted | Jul 28, 2025 | ATO, Tax Returns
With tax time, comes a rise in opportunistic ATO impersonation scams. The Australian Taxation Office (ATO) has issued a warning regarding a significant increase in scam activities during this period. While scams generally do tend to rise at this time of year, the ATO...
by Financially Sorted | Jun 30, 2025 | EOFY, Property Investment
As end of financial year approaches, Australian property investors must finalise their tax returns, encompassing individual and business obligations based on their structure. To maximise tax benefits, property investors should ensure all eligible deductions are...
by Financially Sorted | Jun 30, 2025 | ATO, EOFY, Tax Returns
Reduce your tax exposure. Maximise opportunities. Reduce your risk of audit. With the end of the financial year fast approaching, this update will help you with these end of financial year goals. What’s new 1. Medicare levy low-income threshold The Medicare levy...
by Financially Sorted | Jun 11, 2025 | ATO, EOFY, Tax & Accounting, Tax Returns
One of the most-claimed work-related expenses each year is a working from home deduction, especially in the last few years. In 2024, more than 10 million people claimed a work-related deduction, and many of those claimed a deduction related to working from home. As...
