With many businesses closing office doors in light of Covid-19, you are probably working from home. The end of the financial year is fast approaching, and you might want to start looking into the items you can claim while working from home.
Every year about this time, the tax office announces its compliance hotspots for the year ahead. So what is on the ATO’s list this year? Well, essentially, it’s looking at two main areas: work-related expenses and claims by investment property owners.
As we approach the end of the financial year it presents a time to review our businesses operations and performance, reflect on what has worked in your business from a marketing and operational perspective, assess whether you have had a ‘good’ or ‘bad’ year and plan for the coming financial year.
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