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Daily Telegraph
2 days ago
- Business
- Daily Telegraph
'The way I gasped!' Aussies gobsmacked over Gen Z's way of doing their tax returns
Don't miss out on the headlines from Lifestyle. Followed categories will be added to My News. A Gen Zer has left older Aussies gobsmacked after revealing how she submitted her tax return this year. In a revelation that would blow the mind of any Baby Boomer, Melbourne woman Paije recently divulged that she does her taxes each year using nothing but her smart phone. 'I just saw a video on my for you page where they were talking about that thing where some purchases you can do on your phone but big purchases have to be on your laptop,' the 28-year-old explained. 'I would like everyone to know that I did my taxes on my phone. I do everything on there.' Want to join the family? Sign up to our Kidspot newsletter for more stories like this. The 28-year-old worker received a lower tax return than previous years. Picture: @princesspeeny/TikTok For more stories like this, visit: Everything is on the phone The laptop Vs phone debate has gained traction in recent years. For Gen Zers who grew up as digital natives, they wouldn't think twice about making big purchases or completing in-depth tasks on their phone. For Millennials and other generations, things they consider 'major' tasks, such as purchasing a plane ticket, are reserved for the laptop, with the idea of being left with nothing but their mobile enough to send them into a panic. So, when Paije made her tax return confession, there were plenty of older Aussies who couldn't comprehend how she could complete such a significant task without whipping out her laptop. 'The way I gasped. Not on your phone,' one person said, with another joking, 'this feels illegal'. 'I didn't think anything at tax time could be worse than people saying getting a return just means you paid too much during the year, then I saw this,' another said. One person branded it 'criminal', adding that flights, tax and online furniture shopping are all laptop tasks. Another added: 'No way, that's definitely a desktop job.' However, there were plenty of people who saw no issue with it, with others claiming it is easier to do your taxes on your phone, particularly if you use the ATO app. 'I haven't opened my laptop since high school in 2019, I use my phone for everything,' one person said. Speaking to Paije said she wanted to tap into the running joke that older generations think some activities should only be done on laptops. 'I suppose I fall into that more Type B personality type and my attitude is that a phone is just a mini computer now,' the 28-year-old said. She also noted that the ATO's myDeductions app has become increasingly user friendly, making it really easy to do your tax return with nothing but your phone. In another video, Paije revealed she was getting a $921 refund after submitting her tax return, a figure she says is the 'worst' she has ever received. While the young worker understands that getting a smaller or no return means you have paid the correct amount of tax throughout the year, she noted that 'it still hurts'. In previous years, after submitting the same kind of deductions she did this year, her return would be in the $1500 to $2000 range. She also touched on her increasing HECS-HELP debt, which is currently sitting at almost $92,000. On June 1, indexation of 3.2 per cent was applied to all student loan debts. RELATED: Easy way to minimise the amount of tax you pay Paije said doing your taxes on your phone is a lot easier than people think. Picture: ATO Hecs and tax - what students need to know While there have been welcome changes to the way indexation occurs, with the lower of either the Consumer Price Index (CPI) or the Wage Price Index applied, there is still a lot of contention around the process. While payments towards your HECS debt are taken out of your pay in real time, that money is not coming off your debt at the same rate. Instead, the ATO holds these funds as a credit until you file your tax return on or after July 1. But, because indexation occurs before this on June 1, your past contributions are actually applying to the higher indexed rate, despite coming out of your pay much earlier. Because of this, many people with student loans feel like they will never see their debts reduce. 'The indexation from the last few years means that you're not really paying anything off because it just gets added again,' Paije said. She has two bachelors degrees and is currently doing her Masters and says the idea of paying off the debt doesn't even cross her mind anymore. 'I don't see it ever happening and so the best thing to do it just ignore it. Since the payments come out of my pay each fortnight I never see the money anyway, so I am kind of just choosing peace and pretending it doesn't exists,' she said. 'It would be too much mental effort that I don't have to care about it.' Originally published as 'The way I gasped!' Aussies gobsmacked over Gen Z's way of doing their tax returns
Herald Sun
2 days ago
- Business
- Herald Sun
'The way I gasped!' Aussies gobsmacked over Gen Z's way of doing their tax returns
A Gen Zer has left older Aussies gobsmacked after revealing how she submitted her tax return this year. In a revelation that would blow the mind of any Baby Boomer, Melbourne woman Paije recently divulged that she does her taxes each year using nothing but her smart phone. 'I just saw a video on my for you page where they were talking about that thing where some purchases you can do on your phone but big purchases have to be on your laptop,' the 28-year-old explained. 'I would like everyone to know that I did my taxes on my phone. I do everything on there.' Want to join the family? Sign up to our Kidspot newsletter for more stories like this. The 28-year-old worker received a lower tax return than previous years. Picture: @princesspeeny/TikTok For more stories like this, visit: Everything is on the phone The laptop Vs phone debate has gained traction in recent years. For Gen Zers who grew up as digital natives, they wouldn't think twice about making big purchases or completing in-depth tasks on their phone. For Millennials and other generations, things they consider 'major' tasks, such as purchasing a plane ticket, are reserved for the laptop, with the idea of being left with nothing but their mobile enough to send them into a panic. So, when Paije made her tax return confession, there were plenty of older Aussies who couldn't comprehend how she could complete such a significant task without whipping out her laptop. 'The way I gasped. Not on your phone,' one person said, with another joking, 'this feels illegal'. 'I didn't think anything at tax time could be worse than people saying getting a return just means you paid too much during the year, then I saw this,' another said. One person branded it 'criminal', adding that flights, tax and online furniture shopping are all laptop tasks. Another added: 'No way, that's definitely a desktop job.' However, there were plenty of people who saw no issue with it, with others claiming it is easier to do your taxes on your phone, particularly if you use the ATO app. 'I haven't opened my laptop since high school in 2019, I use my phone for everything,' one person said. Speaking to Paije said she wanted to tap into the running joke that older generations think some activities should only be done on laptops. 'I suppose I fall into that more Type B personality type and my attitude is that a phone is just a mini computer now,' the 28-year-old said. She also noted that the ATO's myDeductions app has become increasingly user friendly, making it really easy to do your tax return with nothing but your phone. In another video, Paije revealed she was getting a $921 refund after submitting her tax return, a figure she says is the 'worst' she has ever received. While the young worker understands that getting a smaller or no return means you have paid the correct amount of tax throughout the year, she noted that 'it still hurts'. In previous years, after submitting the same kind of deductions she did this year, her return would be in the $1500 to $2000 range. She also touched on her increasing HECS-HELP debt, which is currently sitting at almost $92,000. On June 1, indexation of 3.2 per cent was applied to all student loan debts. RELATED: Easy way to minimise the amount of tax you pay Paije said doing your taxes on your phone is a lot easier than people think. Picture: ATO Hecs and tax - what students need to know While there have been welcome changes to the way indexation occurs, with the lower of either the Consumer Price Index (CPI) or the Wage Price Index applied, there is still a lot of contention around the process. While payments towards your HECS debt are taken out of your pay in real time, that money is not coming off your debt at the same rate. Instead, the ATO holds these funds as a credit until you file your tax return on or after July 1. But, because indexation occurs before this on June 1, your past contributions are actually applying to the higher indexed rate, despite coming out of your pay much earlier. Because of this, many people with student loans feel like they will never see their debts reduce. 'The indexation from the last few years means that you're not really paying anything off because it just gets added again,' Paije said. She has two bachelors degrees and is currently doing her Masters and says the idea of paying off the debt doesn't even cross her mind anymore. 'I don't see it ever happening and so the best thing to do it just ignore it. Since the payments come out of my pay each fortnight I never see the money anyway, so I am kind of just choosing peace and pretending it doesn't exists,' she said. 'It would be too much mental effort that I don't have to care about it.' Originally published as 'The way I gasped!' Aussies gobsmacked over Gen Z's way of doing their tax returns
News.com.au
2 days ago
- Business
- News.com.au
Gen Z reveals how she did her tax return this year, leaving older Aussies gobsmacked
A Gen Zer has left older Aussies gobsmacked after revealing how she submitted her tax return this year. In a revelation that would blow the mind of any Baby Boomer, Melbourne woman Paije recently divulged that she does her taxes each year using nothing but her smart phone. 'I just saw a video on my for you page where they were talking about that thing where some purchases you can do on your phone but big purchases have to be on your laptop,' the 28-year-old explained. 'I would like everyone to know that I did my taxes on my phone. I do everything on there.' The laptop Vs phone debate has gained traction in recent years. For Gen Zers who grew up as digital natives, they wouldn't think twice about making big purchases or completing in-depth tasks on their phone. For Millennials and other generations, things they consider 'major' tasks, such as purchasing a plane ticket, are reserved for the laptop, with the idea of being left with nothing but their mobile enough to send them into a panic. So, when Paije made her tax return confession, there were plenty of older Aussies who couldn't comprehend how she could complete such a significant task without whipping out her laptop. 'The way I gasped. Not on your phone,' one person said, with another joking, 'this feels illegal'. 'I didn't think anything at tax time could be worse than people saying getting a return just means you paid too much during the year, then I saw this,' another said. One person branded it 'criminal', adding that flights, tax and online furniture shopping are all laptop tasks. Another added: 'No way, that's definitely a desktop job.' However, there were plenty of people who saw no issue with it, with others claiming it is easier to do your taxes on your phone, particularly if you use the ATO app. 'I haven't opened my laptop since high school in 2019, I use my phone for everything,' one person said. Speaking to Paije said she wanted to tap into the running joke that older generations think some activities should only be done on laptops. 'I suppose I fall into that more Type B personality type and my attitude is that a phone is just a mini computer now,' the 28-year-old said. She also noted that the ATO's myDeductions app has become increasingly user friendly, making it really easy to do your tax return with nothing but your phone. In another video, Paije revealed she was getting a $921 refund after submitting her tax return, a figure she says is the 'worst' she has ever received. While the young worker understands that getting a smaller or no return means you have paid the correct amount of tax throughout the year, she noted that 'it still hurts'. In previous years, after submitting the same kind of deductions she did this year, her return would be in the $1500 to $2000 range. She also touched on her increasing HECS-HELP debt, which is currently sitting at almost $92,000. On June 1, indexation of 3.2 per cent was applied to all student loan debts. While there have been welcome changes to the way indexation occurs, with the lower of either the Consumer Price Index (CPI) or the Wage Price Index applied, there is still a lot of contention around the process. While payments towards your HECS debt are taken out of your pay in real time, that money is not coming off your debt at the same rate. Instead, the ATO holds these funds as a credit until you file your tax return on or after July 1. But, because indexation occurs before this on June 1, your past contributions are actually applying to the higher indexed rate, despite coming out of your pay much earlier. Because of this, many people with student loans feel like they will never see their debts reduce. 'The indexation from the last few years means that you're not really paying anything off because it just gets added again,' Paije said. She has two bachelors degrees and is currently doing her Masters and says the idea of paying off the debt doesn't even cross her mind anymore. 'I don't see it ever happening and so the best thing to do it just ignore it. Since the payments come out of my pay each fortnight I never see the money anyway, so I am kind of just choosing peace and pretending it doesn't exists,' she said. 'It would be too much mental effort that I don't have to care about it.'
NZ Herald
4 days ago
- Business
- NZ Herald
AI adoption low among NZ SMEs despite positive impacts, survey reveals
MYOB chief customer officer Dean Chadwick said emerging trends in the use of AI locally focus on driving awareness and sales. 'Our insights show SMEs are primarily employing AI tools to bolster marketing efforts – helping with the copywriting of marketing materials and press releases (39%) or generating social media posts (31%),' Chadwick said. 'A consistent voice in market is key for businesses to stay top of mind for their audience, particularly in an economic environment when every dollar of revenue counts.' Chadwick explained that the use of AI aligns with the top skills SMEs identified would be the most important to their business over the next five years, namely customer service (40%) and marketing (32%). Kiwi SMEs are also proactively using AI tools for copywriting technical documents, reports and training materials (25%), customer service support including chatbots and virtual assistants (21%), and for analysing markets, trends and risks (21%). One interesting insight from the survey highlighted that younger generations of business owners are leading the way when it comes to AI adoption. Almost all of the Gen Z business operators surveyed (93%) and more than half (59%) of millennials polled had started using AI tools in their businesses. This is compared with Gen X and Baby Boomer business owners, who sit at 28% and 17% respectively. 'In taking the heavy-lifting and time investment out of some of these tasks, the efficiency gain AI provides to SMEs not only ensures business owners can focus on higher-value tasks, it also offers a reprieve on workload. 'Alongside cashflow concerns, workload is the top business-related factor that has negatively impacted the mental wellbeing of a third of local business operators in the past two years. Intelligent tools that can help ease this burden will likely improve employee engagement and well-being as a result.' As to why adoption is not as high, 39% of SMEs surveyed felt AI tools weren't needed or appropriate for their business, with 30% of this group believing they don't know enough about it. Some respondents were more specific, with 18% believing there weren't any AI tools specific to their business needs. However, almost a fifth (19%) still don't trust the new technology. 'Knowledge and confidence play a big role in the adoption of new technologies. It's understandable that a portion of SMEs are hesitant to embrace AI in their businesses.' 'However, given the integration of AI in a range of everyday systems, from autocompleting sentences in email, to reminders and forecasting in business management software, it's also possible many business owners don't realise they're already using AI.' Chadwick said SME owners who are still hesitant should discuss the topic with a business mentor or speak with other businesses to learn how they are benefiting from the technology. The MYOB Business Monitor is a national survey of more than 1000 New Zealand business owners, managers and directors, from sole traders to medium-sized companies, representing the major industry sectors. Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
India Today
14-07-2025
- Business
- India Today
88% of Gen Z say yes to emojis at work. Is this the new office language?
A new global survey suggests a growing generational divide in how people talk at work, one that's playing out in emojis. According to workplace software company Atlassian, nearly 9 out of 10 Gen Z employees believe emojis make communication more study, conducted with YouGov, surveyed 10,000 office workers across the US, Australia, France, Germany, and goal: to understand how today's workforce connects, especially in digital The result is clear, Gen Z treats emojis not to make the message look fancy but as part of the message that is to be EVERYONE AGREESLess than half of Gen X and Baby Boomer employees see a place for emojis in the mismatch, the report notes, could fuel wider workplace tension, especially as written communication, like chats and emails, becomes more 93% of respondents say they communicate regularly through writing; 44% said it's their main mode of debate isn't just about tone. It cuts into 48% of Gen Z workers say they waste hours every week trying to figure out what colleagues meant in unclear also four times more likely than older peers to face confusing communication on a daily GEN Z RELIES ON EMOJIS: A NEW LANGUAGE FOR A POST-PANDEMIC WORKFORCEWhat makes emojis important to younger workers? The report calls it 'digital body language'. It's not just what is said, but how, punctuation, speed of replies, tone, and, yes, Zers use these markers to sense mood, urgency, or connection in a space where face-to-face cues are Price, Work Futurist at Atlassian, said the shift is unavoidable. 'Emails, DMs, Slack threads, Zoom chats, it's all digital for a lot of us, that shift has been a learning curve.'India's changing workforce explains part of the to a BCG-Snap Inc report, Gen Z makes up 25% of India's workforce, a number projected to reach 47% by of the Gen Zs started working during or after the pandemic, and for them, work began it turns out emojis may even shape motivation. Gen Z respondents said they were 2.5 times more likely to feel encouraged by emoji reactions compared to older two-thirds also said they were more likely to read messages that included means that Gen Z prefers to tell, shows us how the priorities to feelings and emotions are given in the messages.- Ends
