Australian Taxation Office’s Post

‘For me, ANZAC Day is a solemn period of reflection. It's a reminder to pause, strive for a more humane society and aim to leave the world in a better place than when we arrived.’ - Robert, Army Reservist and ATO employee.

🔎 Deductions reduce your taxable income (which reduces the amount of tax you need to pay). 👉 They are not an automatic refund. For example – Edward earns a total of $60K for the 2023-24 income year. Because he’s kept on top of his records, he’s able to claim a total of $1,000 in deductions in his tax return. This means the tax he owes is based on his income being $59K, rather than $60K. But remember, you must have spent the money and weren’t reimbursed, the expenses must directly relate to earning your income, and you must have records to support your claims.

We’re recruiting! Join our front-line team this tax time as a casual APS 2 Service Delivery Officer. Earn over $40 per hour, plus 15.4% super. 🤝 Have great communication skills? 💻 Comfortable with technology? ✔️ Thrive in a fast-paced environment? Then here’s your chance! Interested, or know someone who might be? Apply now 👇

Reminder: Super guarantee contributions for eligible workers are due by 28 April 📅

Non-charitable not-for-profits (NFPs) with an active ABN need to be aware of new reporting requirements. The changes impact NFPs that self-assess as income tax exempt. This tax time, they’ll lodge their first NFP self-review return.

If you need tax and super information in languages other than English, our new videos can help. Let us walk you through: 👉 Starting a new job 👉 What you need to do at tax time 👉 Planning your future

‘It is satisfying to know that through the work I do, I support the Australian community.’ ‘I’m a problem-solver, a negotiator and a strategist on any given day.’ ‘I’ve worked on a variety of projects, from strengthening the super system to making it easier for individuals at tax time.’ - Caryn, ATO Project Manager. We’re looking for Project Directors and Managers to join us and help shape Australia’s tax and super system. Why join us? ✅ Salary between $120,704 and $164,647 ✅ 15.4% super ✅ Opportunity for hybrid work & healthy working hours ✅ Excellent learning and development resources to provide ongoing upskilling ✅ Locations across Australia Apply now 👇

When you receive tax advice, take a moment to think if it sounds too good to be true. If you see any red flags, it could be an unlawful tax scheme that could really cost you. A tax scheme may include complex transactions or distort the way funds are used to avoid tax or other obligations. Beware of promoters who: 🚩 Offer zero-risk guarantees for their product 🚩 Claim to be an expert or refer you to a particular adviser 🚩 Ask you to maintain secrecy to protect the arrangement from rival firms 🚩 Charge a fee or commission based on tax saved.