Work Related Deductions

The Tax Commissioner is cracking down on claims for work related deductions again, saying that it is a threat to the revenue base. The Tax Act was changed years ago to enforce substantiation for your work claims, so if we have been maximising your claims playing by the rules, it’s not our fault. Maybe Mr Commissioner should be chasing some real revenue leaks elsewhere.

So what should you do? Get yourself organised and keep your receipts, travel diaries, and log books. For the tech-savvy, there are phone apps and software available to help. For those who aren’t, there is always the hard copy. Whatever you do, don’t be complacent. Mr Commissioner will penalise you if you can’t substantiate your claim.

– Bill Herd

Posted 1 June 2017

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