Rental property audits
Tax office to double audits of ‘dodgy’ rental deductions Rental property owners are being warned to ensure their claims are correct this tax time, as the ATO has announced it Read More…
Tax time tips for small business
Top 3 business tax return issues To lend a ‘helping hand’ to small businesses to get their tax right this tax time, the ATO has identified the top three issues Read More…
Six FBT issues
FBT issues on the ATO’s radar The ATO has updated their What attracts our attention list with six items that specifically relate to fringe benefits tax (‘FBT’), as follows: Failing to Read More…
Claims for home office expenses
Claims for home office expenses increased The ATO has updated the hourly rate taxpayers can use to determine deductions for home office expenses from 45 cents to 52 cents per Read More…
Home office expense claims
Increased scrutiny of home office claims Last year, 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’, which includes home office expenses. Reportedly, due to Read More…