by Financially Sorted | Mar 2, 2026 | ATO
The Australian Taxation Office (ATO) has released new guidance explaining when it may reduce or cancel the General Interest Charge (GIC). The GIC is the interest applied to unpaid tax debts after the due date. This update provides useful clarity on when relief may be...
by Financially Sorted | Jan 29, 2026 | ATO, Tax Returns
For most taxpayers, overseas travel isn’t something they ever need to think twice about. However, if a person or business has a significant unpaid tax debt, it’s important to understand how this can affect travel plans. The Australian Taxation Office (ATO) has...
by Financially Sorted | Sep 30, 2025 | ATO, Tax & Accounting, Tax Returns
The Australian Taxation Office (ATO) is continuing to expand its use of artificial intelligence (AI) to review taxpayer submitted, supporting documents as part of a broader push to “industrialise” AI across the agency by 2030. Recently, it has started...
by Financially Sorted | Jul 28, 2025 | ATO, Small Business, Tax & Accounting, Tax Returns
For individuals such as property investors and small business owners the possibility of undergoing a tax audit from the Australian Taxation Office (ATO) is a legitimate concern. Audits require substantial time and effort and may also incur considerable expenses as the...
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...
