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Staying on the ATO’s good side This EOFY
Manage episode 491016757 series 2343952
Phil chats with Jovan Cvetkoski, Financial Adviser at Knight Group, about how to avoid common tax mistakes.
The ATO is cracking down on:
- Work-from-home claims: Only claim the portion used for work (e.g. phone or internet).
- Investment property deductions: 9 in 10 landlords get it wrong—check your figures carefully.
- Capital improvements: Renovations like kitchens or bathrooms aren’t deductible, but added to your property’s cost base.
- Lodging too early: Wait for all your income data (banks, dividends, health insurance) to be processed—early lodgers are twice as likely to be flagged.
Jovan says getting advice from an accountant can help avoid errors.
See omnystudio.com/listener for privacy information.
335 episodes
Manage episode 491016757 series 2343952
Phil chats with Jovan Cvetkoski, Financial Adviser at Knight Group, about how to avoid common tax mistakes.
The ATO is cracking down on:
- Work-from-home claims: Only claim the portion used for work (e.g. phone or internet).
- Investment property deductions: 9 in 10 landlords get it wrong—check your figures carefully.
- Capital improvements: Renovations like kitchens or bathrooms aren’t deductible, but added to your property’s cost base.
- Lodging too early: Wait for all your income data (banks, dividends, health insurance) to be processed—early lodgers are twice as likely to be flagged.
Jovan says getting advice from an accountant can help avoid errors.
See omnystudio.com/listener for privacy information.
335 episodes
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