The number of compliance activities the ATO will increase in 2018–19 financial year

As we approach the time to look at 2018 returns it is worthwhile looking at the Commissioner of Taxation’s Annual Report which was released by the Australian Taxation Office (ATO) for the previous year. A few key themes were evident in the report including the refinement of deductions being claimed, ongoing targeting of privately owned…

Business, Individual

Travel Allowances

A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties. In most circumstances, when claiming deductions, you need to substantiate the expense claimed with documentary evidence, and produce that evidence should the…

Business