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ATO “data mining” program targets offshore tax evaders The ATO has announced that it is “mining data” to identify individuals with undisclosed offshore income and assets. The new information would be used to encourage people to disclose under Project DO…

Now phone scammers target taxpayers with threats Taxpayers are being warned to be on the lookout for a malicious scam that attempts to intimidate them into paying a fake tax debt over the phone. “This scam is particularly concerning because…

Great article by Reece Agland  on how likely tax changes are on super in the future.   Tax changes to superannuation are on the cards Wednesday 6 August 2014Columnist: Reece Agland While the government is likely to avoid changes to…

Get a second (investment) opinion The ATO is encouraging anyone unsure about a tax investment they have been offered to seek a second opinion from an independent and trusted tax professional, so as not to be fooled by legitimate-looking tax…

Some important tax changes from 1st July 2014 Medicare Levy The Medicare levy rises from 1.5% to 2%. 2% Deficit Levy The new “Deficit Levy” (tax on high income earners) applies to taxable income in excess of $180,000. Tax rates for…

Payee type Tax File Number to use Payee is under 18 years of age and earns $112 or less a week 333 333 333 Payee is a Commonwealth Government pensioner 444 444 444 New payee has not made a TFN…