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Tax time is nearing, with the financial year ticking over on July 1, 2024. If you are lodging your own tax return, you need to do so by October 31. Every year, the Australian Taxation Office focuses on areas where taxpayers are prone — either accidentally or deliberately — to make errors, director of tax communication at H&R Block Mark Chapman said. The ATO are likely to be looking in particular at: The ATO recently claimed that there was an $8.
The ATO will also be on the lookout for anyone intentionally or accidentally “double-dipping” by claiming the working from home rates and mobile costs separately, for those claiming the 85 cent per kilometre flat rate available for journeys up to 5,000kms without having travelled this far, and for those claiming work-related expenses of $300 or less without receipts when they have not incurred costs this high.
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