Rental property owners, gig economy workers and people trying to claim too much in work-from-home expenses will come under the Australian Taxation Office’s spotlight this year, a tax expert has revealed.
Those who hold cryptocurrencies, such as bitcoin, as an investment are likely to receive a “please explain” from the Australian Taxation Office if they fail to declare when they are sold at a profit.
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  • "My wife is an employee working in Disability, she has to go from place to for her work and we will use the Logbook method. How much can you claim on your tax for mechanical repairs? Our car his given..."

    By: Brian Thomson at Jul 16, 2021 3:42AM

    Post: Claiming car expenses

  • "I work as a lecturer for 5 universities. for 3 universities I am sessional lecture, for 1 university I work 4 days a weeks, and for 1 university i get paid through GST invoice. I have ABN and I pay..."

    By: Neeraj at Jul 15, 2021 2:10PM

    Post: Claiming car expenses

  • "You will need to show what your employer pays as income & then separately claim for your car. Based on those sort of kms, the cents per kilometre method probably won't be the one to claim but rather..."

    By: Mr Taxman at Jun 24, 2021 4:11AM

    Post: Claiming car expenses

  • "The debt will have no impact on your returns but any future refunds that he is entitled to needs to be offset against that debt. May I recommend that he arranges a payment plan with the ATO ASAP."

    By: Mr Taxman at Jun 24, 2021 4:05AM

    Post: Marriage

  • "I travel from home to up to 3 to 4 farms a week carrying around vaccination equipment and heavy beak trimming machines, employer pays me a cents per KLM after the first 100 KLM every day, i average..."

    By: Daniel at Jun 23, 2021 1:11AM

    Post: Claiming car expenses