Statistics supplied by the ATO indicate that most GST refund claims (98% of them according to its data) are processed without any problem, but the ATO also says that every year it will select a small proportion of BAS refunds and temporarily hold onto them to check the accuracy of the information provided. (more…)
There are certain behaviours, characteristics and tax issues that the ATO admits will attract its attention.
But as it is more interested to see taxpayers get things right rather than the bother, and expense, of chasing down every misdemeanour, the ATO has spelled out the areas that most concern it — that is, the incidents or details that are more likely to raise a red flag. (more…)
The ATO has issued guidance on claiming mobile phone, internet and home phone expenses.
It says that if you use any of these for work purposes, you may be able to claim a deduction if there are records to support your claims. But the ATO points out that use for both work and private use will require you working out the percentage that “reasonably relates” to your work use. (more…)
Why should I choose Hilton Partners to prepare my tax return?
We are a highly motivated team of professionals all dedicated to meeting your needs. We’ve been providing services as a CPA practice for over 30 years and specialise in financial planning, accounting and taxation. Our longstanding team is focused on delivering the best possible service to our clients and technical excellence comes as standard. (more…)