Going the Extra Mile: Tax and Employee Travel
A comprehensive guide to the rules for claiming deductions for travel, meals and accommodation for employed individuals.
Feb 27Tue 1:00 PM AEDT - Tue 2:00 PM AEDT Online
- $180.00 incl. GST
- PD hours: 1
Employee travel, accommodation and meal costs are one of the most frequently audited claims by the ATO. Not only are the rules complex, this area is rife with misunderstandings by both clients and tax practitioners.
Using the recently issued draft Taxation Ruling 2017/D6 as a guide, this webinar will offer a practical, example-driven overview of how the rules for employee travel deductions work.
The webinar will include the following topics:
• An overview of the general principles
• Travel allowances and the interaction with deductions
• Home to work travel –when is it claimable?
• Working in two locations
• Working away from home
• Overseas travel
• Fly-in fly out employees
• Record-keeping requirements
• The substantiation exemption – what it is, who can claim it and how it works
• Dealing with ATO audits
Webinar Learning Outcomes:
Participants will gain a better understanding of how the rules apply, both in theory and when applied to common client situations. As well as ensuring that the right amounts are claimed in tax returns, participants will be armed with the knowledge to advise clients or employees correctly in the first place, reducing the risk of ATO compliance action.
Tax Agents and accountants who act for individual clients with possible travel claims. In addition, employers, payroll staff and HR professionals who manage travel claims for employees.
Mark Chapman is the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer in July 2017. He has over 25 years’ experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a member of the Institute of Chartered Accountants in England and Wales, the Chartered Institute of Taxation and is a fellow of CPA Australia. He holds a Masters of Taxation Law with the University of New South Wales.
Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australian in 2007 to join the Australian Taxation Office (ATO) as a senior director.
You will be provided with:
• PowerPoint Presentation slide deck
• Any Supporting Documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter