Everyone wants to minimise their taxation, but if errors are made in your tax return, its increasingly likely that they will be identified. Martin Rush highlights two areas to be mindful of this financial year.
The Australian Taxation Office (ATO) is using increasingly sophisticated techniques to identify taxpayers whose tax return disclosures do not match other data the ATO holds. Every year, they identify areas within the tax system to target. This year the focus will be on work-related expenses and online transactions.
This article has been posted in full on our national site. If you would like to read more on this article, please click here.
Thank you for your interest in reading our articles.
Contact our Tax Specialists today to discuss your best options on (03) 9835 8200.
Read More from the Accru Blog