- To use the home office set rate of 67 cents per hour you must have full diary records of hours done. An estimate is not acceptable
- Work-related expenses for support workers and careers as well as short-term holiday rentals are target areas for the ATO
- 20% Bonus deduction for businesses for spending on energy-efficient assets
- ATO has spent $1,8 billion dollars on audit activity
Target areas are: | DIV 7A-Directors Loans |
Cash Economy | |
Luxury Cars | |
FBT On private use of company cars | |
Deductions with no receipts | |
MV Expenses with no log or records |
- ATO ramping up fines for late lodgment of BAS and tax returns