There are over 8 million taxpayers claiming work-related deductions and the Australian Taxation Office (ATO) are checking them out!

In 2014/15 approximately 450,000 income tax returns were scrutinised and that number is climbing every year as technology advancements are made.

The following weeks will see me exposing some of the dodgy deductions the ATO have picked up on, I hope you enjoy the read.

Case study 2 – Travel Expenses:

A wine expert, working at a high end restaurant, took annual leave and went to Europe for a holiday.

He claimed thousands of dollars in airfares, car expenses, accommodation, and various tour expenses, based on the fact that he’d visited some wineries.  He also claimed over $9,000 for cases of wine.

All his deductions were disallowed when the employer confirmed the claims were private in nature and not related to earning his income.

Regards

I know, I know…I know it’s not “Happy New Year” just yet – but here at The Tax Chic I’m planning for 2017 and I’d love to know what you want?

So…what do you want?

How often would you like to hear from me?

What topics would you like covered?

Which fundraisers should The Tax Chic support?

Do you have any “challenge” suggestions for me?

The purpose of this post is solely to find out exactly what you want, and I’d love to hear from you!

Please drop me a line via the Contact page or send an e-mail to bron@thetaxchic.com and let me know your thoughts.

Regards

There are over 8 million taxpayers claiming work-related deductions and the Australian Taxation Office (ATO) are checking them out!

In 2014/15 approximately 450,000 income tax returns were scrutinised and that number is climbing every year as technology advancements are made.

The following weeks will see me exposing some of the dodgy deductions the ATO have picked up on, I hope you enjoy the read.

Case study 1 – car expenses:

A railway guard claimed $3,700 in work related car expenses for travel between his home and workplace.

He indicated that this expense related to carrying bulky tools – including large instruction manuals and safety equipment.

The employer advised the equipment could be securely stored on their premises.

The taxpayer’s car expense claims were disallowed because the equipment could be stored at work and carrying them was his personal choice, not a requirement of his employer.

Regards

The Australian Taxation Office (ATO) are encouraging all taxpayers with a rental property to ensure they understand their obligations and get their claims right.
Due to enhancements in technology, the ATO have increased their ability to identify incorrect claims, and they want to ensure you don’t get caught!
They’ve provided a number of case studies and I’ve been sharing them with you over the past few weeks, in case you missed them, here they are:

Case study 1

Case study 2

Case study 3

Case study 4

Case study 5

What else would you like to know? Drop me a line and tell me…

Regards