expense claims

Deduction item D10 (cost of managing tax affairs) to be split

In response to feedback and recommendations from the tax profession, the ATO has announced that for Tax Time 2018 it will implement a change to split deduction label D10 – the cost of managing tax affairs – on the individual income tax return. Deduction item D10 (cost of managing tax affairs) to be split As

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Substantiation for work expense claims

Claims for work-related expenses, car expenses, and travelling expenses incurred by an individual must be substantiated if the claims are to be allowed (Division 900 of ITAA97). As well as the requirement to incur deductible expenditure, the “substantiation” rules impose a strict evidentiary requirement that must be satisfied if claims are to be allowed. Substantiation

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