Category Archives: Audit

Effects of work, care, health on Super balances

Recently released research report Work Well; Retire Well, led by the University of South Australia, has noted that gendered and ageist labour markets, in conjunction with the gendered distribution of paid and unpaid work and caregiver responsibilities, results in substantial differences in the ability of men and women to accumulate sufficient superannuation and other assets,…
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ILLEGAL PHOENIX ACTIVITY

ILLEGAL PHOENIX ACTIVITY is when a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying its debts, including taxes, creditors and employee entitlements. This illegal phoenix activity impacts the business community, employees, contractors, the government and environment, including: • non-payment of wages, superannuation and accrued…
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Five Best Legitimate Work-Related Deductions

Typical work-related expenses include employment-related telephone, mobile phone, internet usage, computer repairs, union fees and professional subscriptions. The Australian Taxation Office will again check claims. Claim only what you are legally entitled to and be sure to have all necessary receipts or credit card statements to support them. Claim home office expenses - keep a…
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ATO Reveal Outrageous tax claims

Motorbike riding, underwear, martial arts classes and a shoe rack are among the strange tax claims people have been caught out pushing as a work-related tax deduction. Every year, the ATO weighs into millions of deductions, many of which are disallowed because they don’t directly relate to expenses incurred in earning an income, or a…
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