The ATO has announced revised working from home deduction rules for taxpayers, changing the start date to 1 March 2023 and a fixed-rate deduction of 67c an hour for work from home claims. The finalised guidance follows on from the July 2022 abandonment of the 80c per hour pandemic shortcut method, reducing the options to …
The ATO’s revised working from home deduction rules Read More »
The Australian Taxation Office (ATO) has announced its 2022 tax-time hit list. The four priorities for the ATO this tax time are: Record-keeping Work-related expenses Rental property income and deductions Capital gains from crypto assets, property and shares ATO assistant commissioner Tim Loh said the ATO was targeting problem areas where it saw people making mistakes. …
Like many of us, if you have continued to work from home this year, you may be planning to claim different expenses than if you were working in an office. With so many claiming work from home expenses, there a four deductions on the ATO’s watchlist this year that they will be looking at closely: …
The four deductions on the ATO’s watchlist this year Read More »
Article updated April 2022. For many of us, COVID-19 saw us switching to at-home working arrangements almost overnight and many of us continue to do so. If you or your staff are entitled to claim work from home expenses, it is important to understand how to calculate eligible expenses to claim a deduction at tax …
Learn more about the ATO’s crackdown on dubious deductions and who they’re targeting come tax time.
(c) 2022 Arabon Accountants Pty Ltd ABN 91 600 325 540. Liability Limited by a scheme approved under Professional Standards Legislation. Registered Tax Agent Number 25620662. View our privacy policy.
