Work-related Expenses Hotspots
Overview
How to successfully navigate common problem areas with work-related expenses claims
The ATO says that individual taxpayers are paying up to $8.7 billion less in tax than they should be and that a large part of this “tax gap” is down to incorrect claims for work-related expenses. As part of a push to reduce that figure, the ATO is increasing its compliance focus on work-related expenses, with a particular focus on some of the most commonly misunderstood claims.
This session will explain how to ensure clients claim what they are entitled to, and nothing more, by explaining how the rules apply to some of the most commonly claimed (or mis-claimed) deductions, including motor vehicle use, work-related travel, overtime meal claims, self-education, work-related clothing and laundry, home office expenses, mobile phone and internet claims.
Amongst the topics to be covered are the following:
- What can be claimed – exploring the three golden rules to a successful deduction claim.
- Overview of recent key ATO guidance (including accommodation, travel and working from home) and case law
- The rules regarding working from home claims, including guidance on the application of the revised fixed rate and additional compliance obligations.
- “Standard” deductions – when do they apply and when don’t they apply?
- Overview of other key expenses, including self-education, motor vehicle, and accommodation/travel claims
- Compliance markers – the common audit traps that can trigger an audit or review
Learning Outcomes:
Participants will gain a better understanding of how the rules regarding work-related expenses claims apply, both in theory and when applied to common client situations, as well as how to ensure that client’s claims stand up to closer ATO scrutiny.
Suited to:
Tax Agents and accountants who act for individual clients with work-related expenses claims.
This On Demand Includes:
- Recording of the Live Webinar, which can be viewed multiple times
- PowerPoint Presentation
- Verbatim Transcript, with Searchability
- Supporting Documentation
- CPD Quiz
- CPD Certificate
Course syllabus
3 lessons
- Video – Work-related Expenses HotspotsVideo
- Feedback Survey 2024Survey
- Knowledge QuizTest
Your presenter
Mark Chapman,H&R Block
Director of Tax Communications, H&R Block Australia.
Mark has over 25 year’s experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
Mark 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 Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.
Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.