The ATO has reported that taxpayers claimed a WHOPPING record of $7.9 billion in 'other work related expenses' last financial year!! This includes home-based expenses.
To claim working from home expenses, taxpayers must keep supporting records such as receipts, diary entries, and itemised phone bills or other records. The ATO can and will be contacting employers to verify expenses.
Please contact us if you would like to discuss your record keeping for the 2019 financial year, to ensure you are claiming the correct deductions in your tax return.