Personal Tax Return Tips

Shortcut Rate For Claiming Home Office Expenses Extended

By Warren Kruger / February 16, 2021 / 0 Comments

  | | | The ATO has extended (again) the ability to utilise the “shortcut rate” for claiming home office running expenses to 30 June 2021 (it previously only applied until 31 December 2020). The ATO’s guideline allows certain taxpayers to claim a fixed rate per hour (80 cents per hour) for most additional running […]

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ATO Data Matching Program – Visa

By Warren Kruger / December 16, 2020 / 0 Comments

  | | | The ATO will acquire visa data from the Department of Home Affairs for 2020/21 through to 2022/23, relating to approximately 10 million individuals for each financial year. The data will be used to identify non-compliance with obligations under taxation and superannuation laws, including registration, lodgment, reporting and payment responsibilities. HAVE QUESTIONS […]

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How to Avoid Getting Dodgy Advice

By Warren Kruger / December 9, 2020 / 0 Comments

  | | | The ATO is warning taxpayers who may be thinking about pausing, changing or closing their business, due to the current economic conditions, to be wary of untrustworthy advisers who may recommend inappropriate or illegal behaviour. This could include illegal phoenix activity, where businesses intentionally remove their assets prior to winding up […]

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STP Data-Sharing With Services Australia

By Warren Kruger / December 6, 2020 / 0 Comments

  | | | Single Touch Payroll (‘STP’) allows the ATO to share data in real-time with other government agencies, to “help them deliver government services to the Australian community”. As part of the ATO’s data-matching program, it has a STP data-sharing arrangement with Services Australia to help them administer Australia’s welfare system. This means […]

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Simplified Home Office Expense Deduction Claims Due to COVID-19

By Warren Kruger / November 23, 2020 / 0 Comments

  | | | Given that many Australians continue to work from home due to COVID-19, the ATO has updated its Practical Compliance Guideline which allows taxpayers working from home to claim a rate of 80 cents per hour, by keeping a record of the number of hours they have worked from home, rather than […]

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Deduction for Work-Related Motor Vehicle Expenses Disallowed

By Warren Kruger / October 6, 2020 / 0 Comments

| | | In a decision of the Administrative Appeals Tribunal, a taxpayer, Mr Bell, was a denied a deduction for $21,565.73 of work-related vehicle expenses for the 2016 income year. Mr Bell, was a construction worker who predominantly worked on a construction site in an eastern suburb of Melbourne and lived approximately 100 kilometres […]

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