Why Everyone hates the ATO's resolution for this year, and so will YOU!
"Everyone cheats a bit, so I can too";... "others won't care if I cheat";..."I claim deductions (legit or not) to make sure I get a refund".. sounds familiar?
According to the world’s top anti-tax avoidance cop Chris Jordan, too many individuals and small businesses are making excessive tax deductions and the Tax Office is threatening to come after them. The Taxman will be looking into people’s dirty laundry and target the common areas of scrutiny...
- Car and work-related deductions
- BAS/GST returns
- Self-managed super funds
- Capital gains and interest omissions
- Building industry: Contractors and employees
Audits for tradies and small businesses to multi-billion-dollar corporations will be scheduled in 2018.
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ublished February 13th, 2018