Claiming items on the ATO hit list

A few areas that the ATO will be looking closely at for the 2018 financial year are the claiming of the following expenses: Home offices Tools and equipment Phone and internet Union fees Seminars and conferences However for many Australian’s these are legitimate deduction and I’m going to discuss what records you need to keep…

Common Deductions

Listed below are 5 common tax deductions that you may be entitled to claim. Remember that to be deductible, these expenses must be; directly attributed to you earning your income paid for by yourself and not have been reimbursed you must retain a record of proof for the expense   Laundry – cleaning of your…