by Lisa Sweeting | Aug 2, 2026 | ATO, Tax Returns
Based on the latest Australian Tax Office (ATO) guidance, the biggest ATO review and audit focus areas for 2026 income tax returns are some of the most common claims. The ATO is paying particular attention to motor vehicle claims, work-related travel, working from...
by Financially Sorted | Jul 31, 2026 | ATO, Small Business, Tax & Accounting, Tax Returns
Tax audits and reviews are becoming increasingly common as the Australian Taxation Office (ATO) uses sophisticated data matching and compliance programs to identify discrepancies in tax returns, BAS lodgements, payroll reporting and other financial information....
by Financially Sorted | Jun 30, 2026 | ATO
Source: ATO As tax time approaches, the ATO has cautioned Australians to be wary of information from third-party sources, such as AI platforms and financial influencers. Taxpayers should be cautious of incorrect or misleading information being spread at tax time,...
by Financially Sorted | Jun 30, 2026 | ATO
Source: ATO The ATO has recently updated its advice regarding when, by tax law, you must obtain a valuation of an asset. Most likely as a response to the Budget, there have been several subtle but important changes. Now that the previously announced Budget updates...
by Financially Sorted | Apr 1, 2026 | ATO, Government Legislation, Property Investment
For many Australians, a holiday home acts as two things. It’s a place to escape with family and friends, especially during the summer holiday months and the rest of the year it’s listed as a holiday rental for others to enjoy to help cover the costs. Until recently,...
by Financially Sorted | Mar 2, 2026 | ATO, Business
Over the past 12 months, I have found myself having the same conversation with business owners again and again. It usually starts with a variation of “It feels like the ATO is more active than it used to be” or “The ATO has never asked for things like that” or “The...
