BMR Accounting & Taxation Services in Leura, New South Wales | Business service

BMR Accounting & Taxation Services

Locality: Leura, New South Wales

Phone: +61 2 4785 7485

Address: 175A Leura Mall 2780 Leura, NSW, Australia

Website: http://www.bmraccounting.com.au/

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19.01.2022 ATO warns over claiming is easier to detect than ever This year the ATO will be focusing on unusually high work-related expense claims across all industries and occupations, a much wider approach than in previous years. Assistant Commissioner Adam Kendrick said that the ATO’s ability to identify and investigate claims that differ from the ‘norm’ is improving each year at a rapid rate due to enhancements in technology and the use of data.... These enhancements mean that every return is scrutinised and it is becoming a lot easier to identify claims that are significantly higher than those claimed by people with similar occupations and employment income, Mr Kendrick said. In addition to focusing on work-related expense claims that are significantly higher than expected, the ATO will also be paying particular attention to claims: that have already been reimbursed by employers, and for private expenses such as travel from home to work. Help to get it right It’s important for people claiming to carefully review deductions before lodging their tax return to avoid a delay in getting a return. Assistant Commissioner Adam Kendrick said there were three key points for people to remember when claiming work-related expenses: you must have spent the money yourself, it must be related to your job, and you must have a record to prove it. When claiming work-related travel, it’s important to remember you cannot claim for a normal trip between home and work, unless: you use your car to carry bulky tools or equipment which you use for work and can’t leave on the work premises; your home is a base for employment or you have shifting places of employment (you regularly work at more than one place each day). The ATO website has a series of videos to help with getting deduction claims right. For more information, visit ato.gov.au/deductions or call 13 28 61. Case studies In a recent case, a railway guard claimed work-related car expenses for travel between his home and workplace. He indicated that this expense related to the carriage of bulky tools including a flag, safety vest, handheld radio, torch, instructions and timetables. During our investigations the employer advised that the equipment was able to be securely stored on their premises. The taxpayer’s car expense claims were disallowed because the transportation of the equipment between home and work was his personal choice. In another case a taxpayer lived in Western Australia and moved to take up a job in Victoria. He claimed expenses of over $18,000, which included motor vehicle costs to travel to another state to purchase a caravan. He also claimed the costs associated with buying the caravan and driving to Victoria to take up the job. When prompted by the ATO, the taxpayer amended his work-related expense claims to just over $1,300, which excluded all the travel costs associated with moving to his new work location.

15.01.2022 We are proud to announce that we are finalists in the Blue Mountains Business Awards.

15.01.2022 ATO warns of new TFN robocall scam Scammers masquerading as the ATO and other government agencies are now demanding personal details such as tax file numbers by threatening arrest. The latest June scam report by the ATO has revealed that scammers are now sending members of the public automated phone calls pretending to be from the ATO, as well as other government agencies including Services Australia and the Department of Legal Services.... These automated calls claim the taxpayer’s tax file number (TFN) has been suspended and that there is a legal case against their name, before being directed to press 1 or risk being referred to the court and arrested. According to the ATO, a scammer will eventually inform the taxpayer that their TFN had been suspended due to money laundering or other suspicious or fraudulent activity and that there are several allegations against them. They will then be asked to provide the last four digits of their TFN, address, date of birth, name of their bank account, and the approximate amount of money in the account/s. Taxpayers have been advised to hang up immediately if they received such automated calls and to never provide the information requested. We will never send unsolicited pre-recorded messages to your phone or threaten you with immediate arrest, the ATO said. If you aren’t sure whether an ATO call is legitimate, hang up and phone us on 1800 008 540 to check. Scammers are constantly developing new ways to steal from the community and will often try to take advantage of people when they are most vulnerable. The new scam comes after Minister for Communications and Cyber Safety Paul Fletcher announced last month that a combined effort by the government and the telcos had succeeded in blocking scam calls appearing to originate from legitimate ATO phone numbers. These scam calls had used software to overstamp actual phone numbers often an overseas number with widely publicised ATO numbers, in what is commonly known as spoofing. In 2019, the ATO received over 107,000 reports of such spoofed calls from the community.

13.01.2022 Beware of scams. http://www.accountantsdaily.com.au//9329-ato-reports-90-pe