Bonsella July Newsletter

June 24

Our latest eNewsletter includes information on the following topics:

Tax time scams: be on guard – Using unsolicited contact via SMS, email or on social media, ATO impersonators frequently offer refunds or assistance in resolving tax issues or suggest suspicious activity on a taxpayer’s account.

Tax time 2024: claiming working from home expenses – Claiming work-related expenses is an area where taxpayers frequently make mistakes, and the ATO has flagged it a primary area of focus for tax time 2024.

ATO focuses on rental property owners’ tax returns – ATO data shows the majority of rental property owners are continuing to get information in their income tax returns wrong, even with most using a registered tax agent to complete their tax returns.

Tax time reminders for small businesses from the ATO – The ATO has reminded small businesses of a number of areas they should be thinking about in the lead-up to preparing their tax return.

Scam alert: fake ASIC branding on social media – ASIC reminds consumers that it does not endorse or promote investment training or platforms, doesn’t cold call consumers, and is not associated with any investment offerings.