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Are you the Tax Man's Target?

ABN Latest News

If you work then the answer is probably YES.

Unlike recent years, instead of a specific industry, this year the ATO intends to target specific work related expenses.

These areas include:

  1. Claiming a computer, phone or other electronic device as a work-related expense
  2. Transporting bulky tools and equipment
  3. Overnight work-related expenses

 
This pretty much covers everyone.

If you use a computer, phone, tablet or ‘other electronic device’ the good news is that there’s a good chance you can make a claim. However, it does mean that your claim must be accurate and you must be able to prove it.

The ATO’s big push this year is to claim the right amount. No More. No Less.

Another big push is for people to consider the ATO’s MyTax solution. Be warned though, MyTax will pre-populate some fields to make it easier to lodge but it may not maximise your clients return.

Category
ABN
Published
07 Oct 2014
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