the teens makingup to $1mill a year

if you're still "guessing" your hours, the ato's new ai pal might flag and cancel your refund.

the ato is making use of data matching to automatically audit and flag work-from-home claims, requiring an exact timesheet or diary for the 70c hourly rate.

the tax office is officially over the 'guesstimate' era. they have explicitly warned they are hunting for unusual claims like food deliveries for virtual meetings or gifts to family members. if you are using the fixed-rate method, that 70 cents per hour is a strict bundle covering your power, internet, and phone, so you cannot double-dip by claiming them separately.

you now need a bulletproof record of every single hour worked from home for the entire year to keep your refund. if your employer has already reimbursed you for any equipment or bills, you are legally barred from claiming those costs again. it is worth checking your calendar now before you hit submit.

money tips from your feed? you're really just taking a punt with everyone else.

a recent asic report has found that 64% of young australians trust ai and social media influencers to provide financial advice.

the financial regulator is sounding the alarm because nearly a quarter of gen z now own crypto, but most are getting their info from unregulated sources. while fifty-two percent trust finfluencers, asic warns this content is usually designed for clicks and engagement rather than your actual bank balance.

it's leading to a massive spike in speculative trading, with almost thirty percent of young crypto holders buying in purely because of a social media post. since two in five people are being directly messaged with 'investment help', the risk of following the wrong crowd is higher than ever.