Did you receive a letter about work expenses from the ATO?
Recently 300,000 Australians received a letter from the Australian Tax Office offering help with claiming work-related expenses. Some of our clients contacted us because they were confused by the letter and wanted to know if they were going to be audited . Let’s clear up any misconceptions about this ATO letter…
So what does the ATO work expenses letter mean for me?
This letter is nothing to worry about!
It is part of an ATO education campaign about work related expenses. As long as you are honest in your claims, and can provide documentation of your claimed expenses, you have nothing to worry about.
It is your responsibility to keep any receipts you wish to use as work related deductions. (Note that you can claim up to $300 in total combined deductions without having kept any receipts.)
How can Etax help?
If you have questions about your tax deductions, simply keep all of your receipts and don’t claim expenses that you can’t prove later – this could lead to an expensive assessment from the ATO. Start your online tax return and complete what you can. Your tax return will be checked by our qualified accountants who will contact you if needed before your return is lodged. If you have any questions about work-related expenses in your tax return, contact us and one of our Accountants will be happy to help.