The ATO is concerned about taxpayers making mistakes or deliberately lodging false claims for work-related car expenses. ATO Assistant Commissioner Kath Anderson warns the ATO will be keeping a close eye on claims for these expenses in tax returns for the 2017/18 year. Last year (2016/17), around 3.5 million Australians made a work-related car expense claim, totalling approximately $8.8 billion! To avoid attention from the ATO you need to understand when you can claim and can

Last month the Federal Government handed down its 2018/19 budget on Tuesday 8th May. Following are some of the key Budget announcements affecting individual taxpayers, businesses, investors and retirees. Individuals The introduction of the 'Low and Middle Income Tax Offset', a temporary non-refundable tax offset of up to $530 p.a. to Australian resident low and middle income taxpayers for the 2019 to 2022 income years. This offset will apply in addition to the Low Income Tax