Business
ATO warns it will be closely noting work-related expenses amid spike in people working from home – 7NEWS.com.au
This is what will be setting off alarm bells at the Australian Tax Office during the upcoming tax return season.
With the end of the financial year on the horizon and Australians now thinking about their tax returns, the tax office has warned it will be taking particular note of work-related expenses.
Around 8.5 million people claimed nearly $19.4 billion in work-related expenses in their 2020 tax returns – and that number is expected to spike this year.
Australian Taxation Office assistant commissioner Tim Loh says the COVID-19 pandemic has changed peoples work habits, so he expects their work-related expenses…
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