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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREPopular deduction in ATO's firing line after 20% spike
Work-related clothing and laundry claims are on notice this tax time as part of the ATO’s broader push to quash "automatic entitlement" claims.
According to the tax office, clothing claims have risen by 20 per cent over the last five years, with 6 million people claiming nearly $1.8 billion in laundry expenses last year.
Read the full article at AccountantsDaily.
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