Tax time focus areas for individuals
Tax time has come around for another year, and this year the ATO is focusing on “other” work-related expense deductions and work-related car expenses. You should be aware that you’re not automatically entitled to claim standard deductions and that all expenses need to be substantiated. You also need to be able to show that you spent the money, were not reimbursed, the expenses were directly related to earning your income, and have a record to prove it. If you’re unsure of your deductions this year, we can help you get the maximum you’re entitled to.