ATO focussing on small-business tax and collection in 2022–23
Improving small-business tax performance is one of the key areas the ATO has said it will be focussing on in...READ MORE
The ATO has released several case studies of adventurous and misguided expenses claims from taxpayers, but some fear they’re being made an example of because the Tax Office cannot “audit their way out” of a large-scale expenses crackdown.
The Tax Office has embarked on a large-scale education campaign in the build up to tax time 2018, and has specifically placed work-related clothing and laundry claims on notice after a 20 per cent rise in claims 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.