Work-related expenses will continue to be a focus area for the Tax Office in 2007/08. Around 7.1 million individuals claimed $12.5 billion in 2005–06 income tax returns - an increase of 9.3% over the previous year.
The Tax Office plans to conduct 15,000 reviews or audits of at-risk cases. Based on an analysis of claim patterns for the previous year, the ATO have said they are paying special attention in 2007–08 to claims from:
- tourism workers, travel consultants and guides
- fitness and sporting industry employees
- construction industry employees
- guards and security employees, and
- mining site employees.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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