Beware of ‘tax hacks’ to maximise your return this year. The tax office is taking a close look at incorrect claims
- Written by Ann Kayis-Kumar, Associate Professor Ann Kayis-Kumar is the Founding Director of UNSW Tax and Business Advisory Clinic, UNSW Sydney
For many people a tax refund is a much-anticipated lump sum of money.
So, it is understandable Australians will be looking for ways to maximise their returns – particularly we are in a cost-of-living crisis.
But, whether you do your own return or use a tax agent, taking risks is not advised.
Be wary of tax hacks
But be wary of “tax...