100 dollar notes on washing line

Laundry Expenses Hung Out To Dry

  The ATO is airing the ‘dirty laundry’ on work-related clothing and laundry expenses warning that it is closely reviewing claims. “Last year around 6 million people claimed work-related clothing and laundry expenses, with total claims adding up to nearly $1.8 billion. While many of these claims will be legitimate, we don’t think that half...

Tax Office Hunts for Undeclared Income

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Assistant Commissioner, Kath Anderson, says the ATO is looking for income from second jobs and capital gains on cryptocurrency. Australians leaving cash payments and foreign income off their annual tax return face being caught through new data-matching technology deployed by the Tax Office. Part of efforts to recover an annual shortfall of up to $1.4…