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Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

ATO warns of yet another tax scam

The Australian Taxation Office has advised taxpayers to be aware of fraudulent emails which use fake 2022 tax return details to skim login information from unsuspecting victims.

Landlords warned to keep a “squeaky clean” record as tax season approaches

According to experts, the tax office is keeping an even closer eye on potentially dubious real estate claims in 2022. Some 2.2 million Australians have rental property deductions, and claim $50 billion in tax deductions annually.

Another budget coming in October

Federal Treasurer will deliver a second budget so as to put the Albanese government’s election promises in play and start the cutting back of wasteful expenditure.

Interest rate hikes threaten construction sector

Master Builders Australia is urging the Reserve Bank to ease off rate hikes. Many companies in the construction sector are facing financial ruin under the strain.

ACMA code targets scam SMS messages

A new code registered by the Australian Communications and Media Authority requires mobile phone companies to trace, identify, and block SMS scam messages. They could face fines of up to $250,000 if they fail to comply.

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