Tax

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What Not to Leave Out of Your 2019 Tax Return

The ATO is constantly improving their data matching abilities. Leaps in technology and big data mean that the 2019 tax year will see the ATO have access to more information than ever before. The ATO is constantly collecting information about you from a variety of sources – while this means efficiencies when it comes to providing…

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What Can You Claim at Tax Time if You Run a Business From Home?

Over one million Australians choose to run their small business from home. It is not only cost effective but offers fantastic work life balance options that are hard to come by in the world of small business. Each year, relentless advances in technology make it easier than ever to run a business from home, so…

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How to Keep Clear of an ATO Audit This Tax Time

Tax agents and their clients should expect greater scrutiny from the Australian Tax Office this financial year after the ATO released its first ever “Individuals not in business tax gap” report last year. The ATO is now looking to crack down on the $8.7 billion tax gap it identified in this report.   The ATO also…