WORK RELATED EXPENSES UNDER ATO MICROSCOPE

The ATO are reviewing taxpayers whose work-related expense claims in their 2017 Tax Return were higher than expected when compared to similar taxpayers.

In particular, the ATO will ensure:

-        You have actually spent the money

-        the expense must be directly related to earning your income; and

-        you must have a record to prove the expense claim (i.e. receipt)

If you are of concern to the ATO, you will receive a letter to review your expense claims.

If you would like to discuss this matter further, please contact our office.