Robert Goodman Accountants Blog

Super guaranteed

 

Paying the right amount of super to your employees can at times be a complex exercise, with the threshold changes in the recent years and the contribution base which changes every year according to indexation factors. With the rise of the gig economy there's also a grey area as to whether a certain person working for you is actually an employee or a genuine contractor. Find out what your super obligations are this year.

Are you paying the right amount of super for your employees? It's that time of the year again, where the Australian Bureau of Statistics (ABS) release the indexation factors that are critical in determining various superannuation thresholds. While the super guarantee is still frozen at 9.5%, the maximum contribution base will increase to $54,030 per quarter (or $216,120) for 2018-19. Employers are not required to provide the minimum super guarantee for the part of employees' wages above the maximum contribution base.

Besides the part employees' wages above $216,120, you as an employer, are required to make minimum contributions of 9.5% of an employee's ordinary time earnings by quarterly due dates to their nominated superannuation funds if you pay the employee $450 or more (before tax) in a calendar month. This is irrespective of whether an employee is full-time, part-time, casual, a family member, company directors, those who receive a super pension or annuity while still working, or temporary residents.

You should note that the ATO considers certain contractors that are paid mainly for their labour to be employees for super guarantee purposes. This is the case even if the contractor quotes an ABN. According to the ATO, you as an employer must make super guarantee contributions of 9.5% on what you pay your contractors if they are paid:

  • under a verbal or written contract that is wholly or principally for their labour;
  • for their personal labour and skills which may include physical labour, mental effort or artistic effort; or
  • to perform the contract work personally.

If you're not paying the right amount of super for your employees and some contractors, beware, the ATO uses sophisticated data analytics to identify employers at high risk of non-compliance.

It also takes a differentiated approach to compliance and penalties depending on the compliance history of the employer and how actively they engage to meet their superannuation obligations. Therefore, it pays to be in the good books of the ATO as they may take a more accommodating approach should your business have any discrepancies in super guarantee payment to your employees.

However, employers who are unwilling to meet their super guarantee obligations should expect the ATO to take firm compliance action including the imposition of penalties such as the super guarantee charge, a Part 7 penalty (up to 200%) for late lodgement of the super guarantee statement or failing to provide information when requested, and an administrative penalty (up to 75%) may also apply for an employer who makes a false and misleading statement.

Need help?

If you're having issues with working out the right super amount to pay to your employees or if you would like to determine whether that person working for you is considered to be an employee or a genuine contractor, we can help. 

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters.   Brought to you by Robert Goodman Accountants.

Do you rent out a part of your home, or a holiday home, on Airbnb, Stayz or another sharing site? Perhaps you see this as a way of making a little extra income to help the household budget or to save for that holiday. But what you may not be aware of are the long term tax implications of such a move, which may lead to a case of short-term gain causing long-term pain.

These days it seems more and more people are diving head first into the sharing economy by driving Ubers or listing their properties on Airbnb and other home sharing sites. Renting out a part of your home or your whole home while you're on holidays seems like a great way to make some extra money now, but if you go down this route what about the tax implications for you now and in the future?

Reporting income

Unless a home was rented out to family members or under domestic arrangements that are not commercial, all income received needs to be included in your tax return. This is regardless of whether it was a long-term rental or a short-term rental.

Claiming deductions

Where you are only renting out a part of your home (ie a single room), say on Airbnb or another similar platform, you can only claim expenses related to renting out that part of the home. According to the ATO, a floor area method based on the area solely occupied by the renter as well as a reasonable amount based on their access to common areas should be used to apportion the expenses claimed.

In addition, where you use the room that is rented out in any other capacity such as storage, home office, or spare bedroom, then you cannot claim deductions for any expenses for the period the room is unlet. For example heating and electricity costs received every quarter need to be apportioned based on the number of days the room was occupied and on the floor area basis to obtain the final deductions figure.

Selling your home eventually

As the ATO's Deputy Commissioner for Small Business, Deborah Jenkins, has said:

"Just like running a business from home, once income is earned from a primary place of residence there are Capital Gains Tax (CGT) implications. It is possible that if a property significantly increases in value, the amount of CGT owed may even be higher than the amount of income received."

When it comes time to sell your home and you've previously rented it out, you won't be entitled to claim the full exemption for capital gains tax. This is the case even if you've lived in the home as your main residence and only rented out one room for even a short period of time. The calculation for the portion of capital gain that will not be exempt is complex and a qualified and registered tax adviser should be consulted.

Want to find out more?

Renting out your home on sharing platforms may have some tax pitfalls, speak to us if you are thinking of or are renting out part of your home or your entire home. We can help you understand the intricacies and tax implications further to avoid a visit from the tax man.

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters.   Brought to you by Robert Goodman Accountants.

Get read for e-Audits

Are you ready for e-Audits? The ATO is finally moving with the times and have started conducting e-Audits using computer assisted verification techniques. This process is said to be more efficient, accurate and thorough than traditional audits with the advantage of also minimising the time ATO spends on your business premises.

In this fast-paced world of everchanging technology, the ATO is finally catching up with the times by using computer assisted verification techniques to conduct audits, a process they are calling e-Audits. The process for selecting taxpayers for an e-Audit is the same as a normal audit. Although because the ATO can do these types of audits cheaper and more efficiently, it might mean there will be more of them as businesses increasingly move to a paperless environment.

According to the ATO, a tax officer skilled in e-Audit will be able to analyse the electronic information obtained more efficiently, accurately and thoroughly than if they had use manual processes. In addition, providing electronic information reduces the time spent on your business premises minimising disruption to your business.

If your business is selected for an e-Audit, here is what you need to know:

  • accessing your business records – the ATO will use their formal access powers to access the documents required, although it is said they will usually take a cooperative approach and consult with you as to what is needed.
  • supplying your electronic information – the ATO will first attempt to understand your accounting systems, system architecture, format and extent of electronic records, and any other documents available to assist in their analysis. They will then identify information needed on a mutually agreed basis and organise to download it either to a secure biometric thumb drive, a secure drop box, or another agreed way.
  • data analysis and review – specialised software will be used to verify the data provided by you is accurate and complete. A series of tests will then be conducted on your data to ensure that tax laws have been complied with. The specific tests conducted depends on the nature of the compliance activity that is being conducted.
  • Completion of the e-Audit – when the e-Audit is completed, the data that has been provided by your business is stored as a part of a case file and kept as a record of the compliance activity.

To save time you time in case of an e-Audit, the following information will generally be requested by the ATO:

  • names and versions of all points of sale, accounting, payroll, financial management system, enterprise reporting system, or any other software and systems used in the course of meeting your tax obligations, including manual processes;
  • contact details of accountant or person(s) responsible for preparing your BASs and financial records; and
  • system support documentation (eg. system architecture diagram, data dictionary, BAS preparation papers and other working papers).

For those taxpayers unable to provide any of the above, the ATO will attempt to visit your business premises to obtain any data required to carry out the e-Audit and this may include bank records and copies of back-up data for the period examined.

Need help?

ATO e-Audits can be just a minor blip in running your business with the right record keeping and compliance with the relevant tax laws. We can make sure that your tax data is complete and accurate in the event of an e-Audit. Don't let the prospect of an e-Audit turn into a major headache. 

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters.   Brought to you by Robert Goodman Accountants.

Blowing the whistle: Part 1

Whistleblowers in Australia are about to get more robust protection. In this two-part look at the new legislation introduced by the government, the implications of changes in whistleblower protections under corporations law will be examined firstly. While the introduction of the completely new whistleblower protections under the taxation regime will be examined in part 2.

Currently, Australia's corporate whistleblowing regime has significant gaps in protection. Whistleblowers have to navigate a maze of different laws to find out whether they are protected from civil or criminal liability and/or victimisation. For example, no statutory protection exists for whistleblowers who report conduct in breach of consumer credit laws; and the coverage for disclosures concerning corporate corruption, bribery, fraud, money laundering, terrorism financing and other serious forms of misconduct are either scattered between various Acts or are unavailable.

The protection that does exist has also been criticised as being limited and overly complex. Specifically, to qualify for protection as a whistleblower under the current regime, individuals must be a current officer/employee/contractor of the company in question. This raises issues where past officers/employees/contractors make appropriate disclosures and are not afforded protections as they do not qualify as a whistleblower.

In light of these criticisms, the government has introduced legislation to consolidate the existing piecemeal whistleblower protections into a coherent and complete set of protections. The new legislation seeks to cover all regulated entities and expand the definition of a qualifying disclosure to include misconduct, contravention of any law administered by ASIC and/or APRA, any conduct that represents a danger to the public or the financial system, or an offence against any law of the Commonwealth that is punishable by imprisonment for a period of 12 months or more.

In addition, under the new legislation, eligible whistleblowers are defined as any individual who is or has been in a relationship with the entity about which the disclosure is made. This takes the motivation and currency of the relationship of the whistleblower out of the equation and enable a wider range of individuals to qualify as whistleblowers.

The new regime also allows for a category of "emergency disclosure" to a member of Parliament or a journalist in certain circumstances, which is not permitted under the current regime.

The level of protection has also been strengthened under the introduced legislation including:

  • no longer requiring whistleblowers to identify themselves when making a disclosure and ensuring relevant persons cannot the required to disclose the identity of a whistleblower to a court or tribunal without a court order;
  • information disclosed cannot be used as evidence against whistleblowers in a prosecution;
  • adding a civil penalty option for prosecution in relation to victimisation;
  • providing that generally a court may not make a cost order against a whistleblower seeking remedies for victimisation; and
  • require public companies, large proprietary companies and registerable superannuation entities to have whistleblower policies and make them available to their officers and employees.

Beware though, if you're thinking of becoming a whistleblower, these protections have not yet passed Parliament and are not yet law, so you will still have to wade through the existing law to find out how you are protected. Once Parliament passes the legislation, these consolidated and strengthened protections will apply to disclosures made on and from 1 July 2018.

Want to find out more?

Stay tuned for Part 2 where we look at the whistleblower protections for people who disclose information to the ATO on tax avoidance behaviour and other issues. 

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters.   Brought to you by Robert Goodman Accountants.  

 

Labor proposal to make franking credits non-refundable   

Opposition Leader Bill Shorten announced 13 March 2018 that Labor, if elected, will end cash refunds of excess dividend imputation credits for individuals and superannuation funds effective 1 July 2019. This would mean that franking tax offsets would be non-refundable. As such, a resident individual (or super fund) would only be able to use the franking credits on their grossed-up dividend income to offset their tax liability for an income year, with no cash refund for any excess credits.

Labor's policy would apply to resident individuals and complying super funds, including self-managed super funds (SMSFs). It would NOT apply to:

  • ATO-endorsed income tax exempt charities; and 
  • Not-for-profit institutions (eg universities) with deductible gift recipient (DGR) status.

According to Labor, the policy would impact 8% of individual taxpayers (typically low-income self-funded retirees) and around 200,000 SMSFs. Labor said the policy would only have a "small impact" on large APRA super funds. The measure is expected to save $11.4bn over the forward estimates. See further the ALP fact sheet, A Fairer Tax System: Ending cash refunds for excess imputation .

Immediate 20% write-off for assets over $20,000 proposed by Labor 

Opposition Leader Bill Shorten also announced on 13 March 2018 Labor's policy proposal for an Investment Guarantee that would provide all businesses with an immediate 20% tax deduction for any new eligible asset worth more than $20,000 effective 1 July 2010. The balance of the asset would be depreciated in line with normal depreciation schedules from the first year. Labor said its Investment Guarantee would be permanent so that businesses could continue to take advantage of an immediate 20% tax deduction whenever they made a new investment in an eligible asset.

Eligible assets would include new tangible machinery, plant and equipment (eg trucks, utes, tractors, food processing machinery, but not buildings). Labor said the measure would apply to depreciable intangible assets and include new investments in computerised technology (such as new software) and intellectual property (such as patents and copyrights). However, the measure would only apply to eligible investments valued at over $20,000 (with no pooling of assets allowed).

The measure would not apply to passenger motor vehicles, but it would apply to non-passenger motor vehicles such as lorries, vans, utes and trucks that are used to support trade businesses. Likewise, it would not apply to investments in structures and buildings, or otherwise eligible expenditure claimed under the existing R&D tax concession. See further the ALP fact sheet, Australian Investment Guarantee .

Need Help?

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters & ALP media release, 13 March 2018.   Brought to you by Robert Goodman Accountants.   

This week we look at the active member test and how it may affect the complying status of your SMSF. The active member test is one of 3 tests which all have to be met at the same time for an SMSF to be an Australian superannuation fund and thus a complying fund. It is a complex area where the outcome is largely dependent on the individual circumstances of each case.

In last week's article, we looked at the central management and control test and how it could affect the complying status of your SMSF when you spend an extended period of time overseas. This week, we will examine the other test that could affect the complying status of your SMSF, the active member test.

To recap, a complying SMSF must first be an Australian superannuation fund. The 3 tests a fund must satisfy to be treated as an Australian superannuation fund, are the establishment test, the central management and control test, and the active member test. All three tests need to be satisfied at the same time in the same income year for the fund to meet the definition of an Australian superannuation fund. Issues arise in relation to the latter two tests when members/trustees of SMSFs travel overseas.

The active member test is quite a complex test, put simply it requires that the fund either has no active members or active members who are Australian residents and hold at least 50% of the fund's assets.

An active member in this context is any member who contributes to the fund or have had contributions made on their behalf. The issue arises when you and other members of your SMSF go overseas and continue to make contributions to the fund, which means that the fund now has active members who are not Australian residents. In that instance, the fund would fail the active member test and become a non-complying fund.

However, note that not all contributions would mean that you would fail this test. For example, if you worked for an employer whilst in Australia but they failed to make the appropriate superannuation contributions to your SMSF. Subsequently, you decide to go on an overseas holiday for an indefinite period, while overseas, your former employer pays superannuation guarantee charge to the ATO which then distributes the relevant amount to your SMSF. In this situation, the contribution to your SMSF was in respect of work performed while you were an Australian resident even though it was made when you were a foreign resident. Hence, you do not become an active member of the fund because of the contribution provided you do not make any personal super contributions.

Remember, whether or not your SMSF would satisfy the active member tests largely depends on your individual circumstances. Changes, however small may mean that your fund loses its complying superannuation fund status with dire consequences. If you intend to continue making contributions to your super whilst you're overseas, it may be wise to consider doing so into a retail or industry super fund. Those contributions will not be affected by the active member test and contributions can be rolled over into the SMSF when you return as an Australian resident.

Still unsure?

If you have an SMSF and are planning to go overseas, take a moment consider whether the central management and control test or the active member test may affect the complying status of your fund. Superannuation rules are very complex so if you're still unsure about any aspects of going overseas and your SMSF, speak to us today.

© Copyright 2018. All rights reserved. Source: Thomson Reuters.  IMPORTANT: This communication is factual only and does not constitute financial advice. Please consult a licensed financial planner for advice tailored to your financial circumstances. Brought to you by Robert Goodman Accountants.

Business cash payments on ATO’s radar

Cash might be king, but the use of cash by businesses is attracting attention from the ATO. It will begin visits of selected businesses to ensure that all tax obligations are met. Third-party data and risk analysis is being used to identify the types of businesses the ATO will visit, which will not be limited to one particular industry this time around.

In this competitive economic environment some businesses are increasingly turning to cash payments to dodge their tax obligations. This is becoming such an issue that the ATO has started a program of visiting businesses across Australia that may be using cash inappropriately or operating in the hidden economy.

A wide variety of resources including third-party data and risk analysis will be used by the ATO to identify the type of businesses it will visit. These include businesses that:

  • operate and advertise as "cash only" or mainly deal in cash;
  • do not take electronic payments according to data-matching;
  • are part of an industry where cash payments are common;
  • indicate unrealistic income relative to the assets and lifestyle of the business and its owner;
  • fail to register for GST or lodge activity statements or tax returns;
  • under-report transactions and income according to third-party data;
  • fail to meet super or employer obligations;
  • operate outside the normal small business benchmarks for their industry; and
  • are reported by the community for potential tax evasion.

A wide net is being cast to target all businesses that could potentially be avoiding their tax and superannuation obligations. In the course of the visits, where there are suspicions of wrongdoing, the ATO will follow up, initially by a letter which could include recommendations such as:

  • lodging a voluntary disclosure to mitigate the risk of an audit or potential prosecution;
  • investing in an electronic payment and record keeping system to reduce the risk of mistakes and meet consumer preference; and
  • attending ATO record keeping information sessions.

In the last round of visits, three common issues of not having separate personal and business accounts, not recording all sales or keeping proper books, and having employees working off the books were found, and over 60% of businesses visited required some kind of corrective action.

The hair and beauty, restaurant, cafe, takeaway and catering, and the building and construction industries all reported an increase in timely lodgement of activity statements after being targeted by the ATO for specific attention.

As a part of the visits, the ATO will also be working with industry associations and local authorities to educate businesses on the use of electronic payment and record keeping facilities, online lodgement, superannuation obligations to employees; proper registration and meeting of obligations, and help with business specific issues.

Need help?

To ensure that you and your businesses are not targeted under this operation, or that if you are targeted, you do not get a follow-up, the following broad suggestions may help:

  • deposit all cash payments into bank accounts;
  • keep evidence to support all income, expenses and lifestyles;
  • account for any stock used for private purposes; and
  • work out the performance of the business relative to other similar businesses in the same industry using the small business benchmarks.

If you need help with documenting your business income, expenses and stock or calculating whether your business is performing within the small business benchmarks, contact us today.

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters.   Brought to you by Robert Goodman Accountants.   

The small business superannuation clearing house (SBSCH) is a convenient service that allows a small business to make superannuation contributions for its employees in one single payment. It's important to know that access to the service has recently changed significantly. In this article we explain the steps you need to take to ensure your business can continue using the service.

 

Although the SBSCH itself hasn't changed, the service was migrated to the ATO's Business Portal on 26 February 2018. This means your old login details will no longer work and you need to arrange access to the new system as soon as possible (if you haven't done so already).

 

Despite this minor inconvenience, the change benefits small businesses because they can now access a number of the ATO's tax and superannuation services using one set of login details.

The way you access the SBSCH depends on your business type.

  • Small businesses with an ABN can now access the service through the Business Portal. If you're already using this portal, you can access the SBSCH from the "Manage Employees" menu. If you need to arrange access to the portal, you will first need to set up an approved authentication credential. You can choose from either AUSkey (which can only be used on the particular device it is installed on) or Manage ABN Connections (which allows access from any browser or mobile device).
  • Sole traders, individuals who employ others (such as carers or nannies) or businesses without an ABN can access the service through their myGov account (linked to ATO services).

Your tax professional can also manage your contributions through the SBSCH on your behalf.

Never used the SBSCH?

The SBSCH is a free service that makes it easier for small businesses to comply with their superannuation obligations. The service is available to any business with 19 or fewer employees or an annual aggregated turnover of less than $10 million.

After joining and updating the system with your employees' details, you only need to make a single electronic payment to the service and it will distribute the separate contributions to each employee's fund. Your contributions are "paid" on the date the SBSCH accepts them.

The SBSCH also allows you to nominate staff who are authorised to use the service on behalf of your business.

Need some assistance?

Has your business done everything it can to make superannuation compliance as easy as possible? If you need to set up access to the new SBSCH, or if you've never used the service and would like to sign up, contact our office for assistance.

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: Thomson Reuters.   Brought to you by Robert Goodman Accountants.   

When you go overseas to work or travel for an extended period of time, ensuring that your SMSF stays complying is probably the last thing on your mind. That is exactly why you should pay attention since your SMSF may have issues meeting the central management and control test as well as the active member test. The failure of either of these tests at any point during the year could mean your SMSF becomes a non-complying fund with the income of the fund being taxed at the highest marginal rate.

Do you have a self-managed super fund (SMSF) and are thinking of travelling overseas? Depending on how long you're away for or plan to be away for, there may be some issues to consider to ensure that your SMSF stays as a complying superannuation fund and continue to be eligible for concessional tax treatment.

To be a complying superannuation fund an SMSF must first be an Australian superannuation fund. There are 3 tests a fund must satisfy to be treated as an Australian superannuation fund, these three tests are generally referred to as the establishment test, the central management and control test, and the active member test. All three tests need to be satisfied at the same time in the same income year for the fund to meet the definition of an Australian superannuation fund. Issues arise in relation to the latter two tests when members/trustees of SMSFs travel overseas.

In this article we will examine the central management and control test, which requires that at a particular time, the central management and control of the fund is ordinarily in Australia.

It usually involves determining whether, in the ordinary course of events, the central management and control of the fund is regularly or usually or customarily exercised in Australia. Whilst there must be some element of continuity or permanence, temporary absences are allowed.

If you're thinking of going overseas, the ATO considers the following factors to be an influence when determining whether central management and control is ordinarily in Australia:

  • the length of stay overseas;
  • where the trustee meeting were held;
  • whether the members/trustees intended to return to Australia and whether this intention was abandoned at any stage;
  • whether a home was established outside of Australia;
  • whether the members/trustees continued to maintain their home and other assets in Australia or had other associations with Australia;
  • if members/trustees had established a home overseas, whether they validly delegated their trustee duties to an Australian based resident and allowed them to perform that task independently without participation from the overseas based trustees.

For example, if you and your spouse are members and trustees of a SMSF and decide to go overseas for an indefinite period of time, while there, you establish a new home and ran trustee meetings for your SMSF at the overseas location, you may find that your SMSF no longer meets the central management and control test. Of course, in applying the test there may be a wide range of personal circumstances that would affect the outcome. However, if you envisage that you may be away for an indefinite period it may be wise to err on the side of caution and validly delegate your trustee duties to an Australian based resident.

Want to know more?

Next week we will examine the active member test that SMSFs have to satisfy to be a complying fund (provided the other tests are satisfied). In the meantime, if you're thinking of going overseas, and you're not sure about how it will affect your SMSF, contact us today.  Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.au.

© Copyright 2018. All rights reserved. Source: Thomson Reuters.  IMPORTANT: This communication is factual only and does not constitute financial advice. Please consult a licensed financial planner for advice tailored to your financial circumstances. Brought to you by Robert Goodman Accountants.

 

The ATO is warning taxpayers they will be paying close attention to claims for 'other' work-related expenses this year, and is reminding people to keep appropriate records.

Assistant Commissioner Kath Anderson said that last year 6.7 million taxpayers claimed a record $7.9 billion in deductions for 'other work-related expenses'. "It's a significant amount of money and Australians expect us to ensure that people are not over-claiming".

This year the ATO is shining a spotlight on 'other' deductions. Legitimate 'other work related expenses' can include home office, union fees, mobile phone and internet, overtime meals and tools and equipment.

"However, they are only deductible if they meet the three golden rules. Firstly, you must have paid for it and not been reimbursed, secondly, it must be directly related to earning your income and not a private expense, and thirdly, you must have a record to prove it."

Even though tax time is months away, taxpayers will be incurring expenses now. It's important to remember what you need to do to be able to claim a deduction.

"Many taxpayers make legitimate claims, but we are also seeing errors in some claims, and some taxpayers are making risky or outright false claims".

"Substantiation will be a key focus area for the ATO this year." Ms Anderson said. "It's important that you have a record of the expense and can demonstrate how you calculated your claims. Every year we disallow lots of claims because there is no evidence to prove the expense. Yet it's so easy to keep an electronic record".

"And remember, if your expenses are for both work and private use you can only claim a deduction for the work-related portion. We are seeing quite a few examples of people trying to claim the whole expense, including the private portion. Like some who incorrectly claim their entire phone and internet bundle, and others who claim an overseas study trip even though they had a holiday as part of the trip.

"These might not always be big amounts, but together they add up" said Ms Anderson. "Plus, no matter how small, it's not ok for someone to expect the rest of us to pay for their private expenses".

Ms Anderson warned that the ATO has sophisticated systems and analytics to ensure wrongdoing doesn't fly under the radar. "If a claim raises a red flag in the system, we will investigate further. We have a range of strategies to make sure people pay the correct amount of tax, ranging from help and education through to audits and even prosecution for more serious cases."

"This year we have reached over 1 million taxpayers to support correct reporting and address non-compliance around work-related expenses. So far these activities have resulted in adjustments of over $100 million."

Contact us for more information 

Need help with your tax and which receipts to keep? Call us at Robert Goodman Accountants on 07 3289 1700 or email us at reception@rgoodman.com.auSource: ATO Media Release 20 February 2018.   Brought to you by Robert Goodman Accountants.