ATO tax 2022 focus

ATO tax 2022 focus Tax return time: ATO priority areas  The ATO’s 2021-22 tax time focus areas for individuals are: record-keeping – ensuring that proper records are available and data-matching to check correct amounts are reported. Examples of targeted areas are – having receipts for deductions, keeping car expenses logbook or km diary, diary of work…

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Most common mistakes for personal tax

Did you know what the most common mistakes on individual tax returns are Surprise surprise – it is omitting income. So if you are not yet aware the ATO can easily detect you omitting income such as payment summaries, interest, dividends, Centrelink payments and even capital gains all via your TFN being attached to records…

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