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Thousands of Australians have been duped for shrewd tax-related behavior with those in the building and construction sector topping the list. Aussies across the country made a total of 43,000 tip-offs to the Australian Tax Office (ATO) in the 2021-22 financial year, with businesses, customers, employees and members of the public picking up the phone to report suspected violators. Hairstyling and beauty services came second on the list, followed by cafes and restaurants, road transport, and related management advice and consulting services. More than 13,400 calls were made to ATOs in the state, followed by Victoria, 11,500, and Queensland, 9,200. While Sydneysiders are the main culprits, Australians in regional locations are also exposing their alleged local criminals. Sunshine Coast Hinterland and Cairns in Queensland, Wellington in Sydney and Wodonga and Mornington Peninsula in Victoria were among the top five regional locations for tip offs – nearly 7,000 calls came from people outsi

From groceries and gas to utility bills and mortgages, the cost of living has risen and many Australians are finding it difficult to stay ahead. We brought together three professionals across the business, food and finance sectors to offer their penny-pinching tips. In our Q&A blog, ABC business reporter Emily Stewart, author of four money-saving and frugal lifestyle books Jody Allen, and Lody Stewart of Financial Counseling Australia answer your budget and savings questions. Here are the biggest takeaways from the blog. When you get paid, separate your money into separate ‘buckets’ Some of you say that when money arrives in your bank account, you tend to spend it right away. So how can you change this? Ms Stewart says it’s all about breakups. “When you get paid, split your money into separate accounts, or ‘buckets’, it’s for different things,” he said. Separate your paychecks by shuffling money into separate accounts. ( ABC News: Andrew Harrison ) If you can, Ms Stewart says to s

Australian mortgage holders already battling the cost of living crisis should seek an additional $434 before Christmas on forecasts of further rate hikes. The Reserve Bank of Australia this week raised interest rates by 0.5 percent, the third straight increase. Check out the full story in the video above Watch the latest News on Channel 7 or stream for free on 7plus >> This brings the official cash rate to 1.35 percent, with warnings of more gains on the horizon. Australia’s biggest lender, Commonwealth Bank, predicts another 0.75 percent increase over the rest of the year. Australia’s biggest lender, Commonwealth Bank, expects another 0.75 percent increase over the rest of the year. Credit: PICTURE CommSec Chief Economist Craig James said it would come in three separate gains of 0.25 percent. “Reserve Bank has not finished raising interest rates,” he said. “We can expect further rate hikes in the coming months. This is the most aggressive a Reserve Bank has ever done – we’