Airline Lounge Memberships Deductible

Airline Lounge Memberships Deductible

A recent tax determination (TD 2016/15) has confirmed that the annual airline lounge membership fee for airport lounges is deductible if the membership holder has an employment relationship with the bill payer. The determination states that the annual fees are...
Another Timely Warning Against Identity Theft

Another Timely Warning Against Identity Theft

The ATO is reminding Australians to protect themselves against identify theft this tax time. Assistant Commissioner Graham Whyte said identity theft was more common during tax time because of the large number of people lodging tax returns. “With the amount of personal...
ATO Targets Dodgy Tax Deductions

ATO Targets Dodgy Tax Deductions

With over eight million Australians claiming work-related expenses each year, Assistant Commissioner Graham Whyte from the ATO is reminding people to make sure they get their deductions right this tax time. “Australians claim over $21 billion in work-related expenses...
Interesting Work Related Expenses Disallowed

Interesting Work Related Expenses Disallowed

On 29th January 2016, the Tax Tribunal disallowed the majority of work-related expenses claimed by a Taxpayer, a sales commission agent, in the 2010-11 and 2011-12 income years as not being incurred in gaining or producing his assessable income. The Taxpayer was found...