Personal Tax Return Tips

Shortcut Method To Claim Deductions If Working From Home

By Warren Kruger / May 12, 2020 / 0 Comments

  | | | As the situation around COVID-19 continues to develop, the ATO understands many employees are now working from home.  To make it easier when claiming a deduction for additional running costs you incur as a result of working from home, special arrangements have been announced. A simplified method has been introduced that […]

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Coronavirus: Government’s JobKeeper Payment

By Warren Kruger / May 5, 2020 / 0 Comments

  | | | A major part of the Government’s response to the Coronavirus (or ‘COVID-19’) pandemic is the ‘JobKeeper Payment’ Scheme. The JobKeeper Payment is a wage subsidy that will be paid through the tax system (i.e., it will be administered by the ATO) to eligible businesses impacted by COVID-19. Under the scheme, eligible […]

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SMS Scam Targeting Natural Disaster Victims

By Warren Kruger / March 31, 2020 / 0 Comments

  | | | The ATO is warning the community about a new SMS scam which promises an 8% bonus on 2020 tax returns to victims of recent natural disasters. The scam text message says: “Due to natural disasters, Australians are entitled to an 8% bonus on their tax return. Please begin the process by […]

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Employer’s Requirements And The Deductibility Of WREs

By Warren Kruger / March 29, 2020 / 0 Comments

  | | | Some employees may wonder whether a work-related expense (or ‘WRE’) becomes deductible merely because their employer specifically requires the employee to incur the expense. Importantly, the ATO’s recent draft ruling on the deductibility of work-related expenses reiterates that an employer’s requirements do not determine the question of deductibility. Specifically, a number […]

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Lifestyle Assets Continue To Be An ATO Audit Target

By Warren Kruger / February 1, 2020 / 0 Comments

  | | | The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high-value motor vehicles and aircraft. The ATO expects to receive information about assets owned by around 350,000 taxpayers from 2016 to […]

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ATO November 2019 Bushfire Assistance

By Warren Kruger / December 9, 2019 / 0 Comments

  | | | Following the devastating bushfires across large parts of NSW and Queensland in November, the ATO has offered ongoing support. In particular, a specific helpline (1800 806 218) has been established that can be used by those impacted to seek assistance, such as to: obtain extra time to pay tax debt or […]

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