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Your car could trigger an ATO review

Vehicle-related expenses and even the make and model of the car you drive can attract extra scrutiny from the ATO, an accountant has warned, citing the example of a manufacturing business.

  • Shared by MyBusiness
  • June 24, 2019
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Speaking on the My Business Podcast, Alexander Laureti of LMS Advisory revealed that a manufacturing business had its fringe benefits tax (FBT) history reviewed by the Tax Office because of a BMW.

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