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 | Jan 29, 2026 | ATO, Tax Returns
For most taxpayers, overseas travel isn’t something they ever need to think twice about. However, if a person or business has a significant unpaid tax debt, it’s important to understand how this can affect travel plans. The Australian Taxation Office (ATO) has...
by Financially Sorted | Nov 27, 2025 | ATO, Property Investment, Tax & Accounting, Tax Returns
The ATO has released fresh draft guidance on its approach to rental property tax deductions, marking a shift in its treatment of rentals also used as holiday homes. Earlier this month, the ATO withdrew its existing ruling on rental property deductions and released a...
by Financially Sorted | Sep 30, 2025 | ATO, Tax & Accounting, Tax Returns
The Australian Taxation Office (ATO) is continuing to expand its use of artificial intelligence (AI) to review taxpayer submitted, supporting documents as part of a broader push to “industrialise” AI across the agency by 2030. Recently, it has started...
by Financially Sorted | Aug 29, 2025 | ATO, Tax Returns
Careful record keeping is a must in order to prepare an accurate tax return and support the claims you make. Generally speaking, if you claim a deduction, you must have records to show how you calculated your claims. Records are usually a receipt from the supplier of...
