From the category archives:

Compliance Program 2008-09

Work Related Expenses an Ongoing Tax Office Concern

June 13, 2009

Excerpt from speech by Jennie Granger, Second Commissioner of Taxation at the CPA Australia (NSW) Public Practitioners Conference:
Work-related expenses continue to be an area requiring attention from us.
Deductions for work-related expenses are one of the largest categories of claims made in tax returns.
We are concerned that the difficult times may tempt more people to inflate [...]

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Refund Fraud High on the ATO Radar

June 13, 2009

Excerpt from speech by Jennie Granger, Second Commissioner of Taxation at the CPA Australia (NSW) Public Practitioners Conference:
Refund fraud is always high on our radar and this year we will be using new technology to enhance our detection capability.
This year, to complement our normal checks, lodgments through e-tax and other channels will be reviewed using [...]

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Cash-in-hand Crackdown in 2008/09

May 8, 2009

As part of the Tax Office Compliance Program for 2008-09 they will expand coverage with a more focused cash economy strategy.

Data matching is increasingly being used to detect unreported income, along with checking for inconsistencies between household and personal assets and reported income levels.
Micro enterprises attempting to avoid their tax obligations are brought to account so they [...]

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Work-Related Expenses in 08/09

May 8, 2009

Each year the ATO publish their Compliance Program as a heads-up to taxpayers of what they will be focusing on and how they’ll be checking into returns. The idea behind this approach is one of ‘prevention is better than cure’. It is the nice way of letting you know that ‘You’ve been warned.’ :)
It’s no surprise that work-related expenses has made the compliance list yet again with taxpayers increasingly claiming work-related expenses. In fact, at 30 June, 83% of you had made work-related expense claims on your previous tax return to the tune of $13.6 billion!

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