64 Jolimont Street, East Melbourne VIC 3002

Accounting News

ATO hit list 2025 – Key Areas Under Review

The ATO has released its compliance focus for 2025, and it's sharpening its tools in the following areas:

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🔹 Work-Related Deductions – Claims for working from home, mobile phone/internet, motor vehicle use, and items under $300 are under close watch. Make sure you have proper records to support your claims.

🔹 Property Claims – Rental and holiday home deductions must be accurate and only claimed for eligible periods. Joint ownership must be split correctly.

🔹 Sharing Economy Income – Income from platforms like Uber, Airtasker, Airbnb, and Stayz must be declared. The ATO receives data directly from these platforms.

🔹 Cryptocurrency – The ATO is matching data from exchanges to ensure crypto profits (and losses) are reported correctly.

🔹 GST & Cash Economy – High-risk industries like construction, retail and hospitality are being audited for GST fraud and undeclared income.

✅ Tip: Keep clear records and ensure your claims are legitimate. If you need help navigating tax time, our team is here to ensure your return is compliant and maximised.

 

 



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.