Are you on the ATO hit list this year?
Each year the ATO issues a list of targets they will focus on this year.
Some of these include workers in the following industry:-
* Child Care Services
* Building & Industrial cleaning
* Pub, Bars & Tavens
The ATO has also started that they will be focusing on the following tax deductions :-
* Motor Vehicle Expenses
* Overnight travel
* Work related claims for Computers, phones and other electronics.
* Rental property expenses
– Excessing deductions for holiday homes
– Incorrect ownership splits
– Interest claim on private loans
* Cash Economy
– The building & Construction Industry
– Restaurants, Café & Takeaways
* Contractors – employers misusing contraction arrangements with the intention to avoid employment overheads, e.g Workers Compensation & Superannuation.