Target Areas for Audit

The ATO is continually examining and auditing the income tax matters of many Australians as well as their businesses. Its yearly compliance report certainly red flags possible areas of evaluation; however the ATO also on a regular basis engages in specific reviews of great interest.

The ATO has published a hit list of areas it is going to pay special focus on this tax season. Rather than focussing on individual occupations, this year they will be focussing on the work-related claims.

On the watch list are the individuals who claim the use of computer, phone or any other electronic device in their tax returns. Regardless if you are a teacher, tradesman, or a taxi driver you will be on their radar if you are claiming the electronic devices and the ATO wants to ensure that people understand the difference between work related and personal use.

Another area that ATO will be focusing on is the work related travel expenses and the individuals who transfer heavy equipment from home to work and vice versa.

All taxpayers should ensure that they claim the right amount and have records to substantiate the claim.

Need further information on what you can claim, contact us today on 1300 300 106.

Call Tax Accountants Cranbourne at 1300 300 106 for further information.