64 Jolimont Street, East Melbourne VIC 3002

Accounting News

Tax Return Mistakes

Some taxpayers assume that lodging an annual tax return is easy.

 

 

Cheap talk at the pub, or at a party, or from a sales assistant at a computer store, can lead to costly errors.

Examples of items that you cannot automatically claim are:-

  • $300 for work-related expenses
  • $150 for laundry
  • 5,000 kilometres for cars
  • credit card statements as evidence
  • home to work travel
  • plain clothes for work
  • grooming
  • holidays connected to a conference
  • gym memberships
  • pay TV subscriptions

We spend a great deal of effort to remain up to date and aware of all rules, but also alert to opportunities as the rules become more complex every day.

By all means, ask about these expenses if you think they may be relevant and you pay them.

 

 

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W Marshall & Associates 64 Jolimont Street, East Melbourne VIC 3002

Important: This is not advice. Clients should not act solely on the basis of the material contained in this Commentary. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before taking any action. The Commentary is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.