ATO warning regarding work-related expense claims for 2017

Increasing attention is being placed on work-related expenses this tax year.

The main message from the ATO was for taxpayers to remember to:

n          Declare all income;

n          Do not claim a deduction unless the money has actually been spent;

n          Do not claim a deduction for private expenses; and

n          Make sure that the appropriate records are kept to prove any claims.