Maximise your tax return ft. ATO Assistant Commissioner Tim Loh [2023]

Want some tax tips from the ATO?
In today's episode, Kate Campbell and Owen Rask chat with ATO Assistant Commissioner Tim Loh in the studio about everything you need to know to maximise your tax return in 2023.
This includes some of the most common deductions individuals claim on their tax returns, what investors need to declare, what sort of records we should keep for tax time, and much more.
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.
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[@MrJustinpb]

Would be great to hear the ATO try to justify the General Interest Charge. The ATO is currently charging tax payers over 11% interest. That rate is higher than the current inflation rate, it's higher average share market return, it's higher than the highest mortgage rate, it's even higher than some credit cards! Most importantly, it's more than the cost of finance for the ATO. It's a shameful thing to profit on Australians by charging them a rate that is so out of whack with the true cost of finance, especially in the midst of a cost of living crisis.

[@VV-lr7xe]

ATO super balance sucks , updated once in an year mr commissioner!