Petrol, Netflix And RATs: Here’s All The WFH Expenses The ATO Is Cracking Down On This Tax Szn

Tax savvy girlies beware: the ATO is cracking down on those sneaky, not-really-for-work-but-I’ll-try claims they know you make so here’s the BTS tea on what to watch out for. We all know petrol is expensive AF right now but if you’re thinking of claiming it on tax when you actually work from home, think again. The ATO is keeping a close eye on car expenses because some naughty people are over-claiming travel expenses to balance out the wild cost of living right now.

Don’t be shady with your car/petrol/travel expense claims

Because claims of WFH expenses are expected to rise due to the pandemic, expenses relating to travelling for work — petrol, public transport, laundry and uniform costs — should

and

Tim LohABC

RATs are not all tax deductible, actually

Netflix is not always an expense either

shortcuts

Me trying to remember what I had for breakfast today. 

“The best thing to do is check out our ATO website, where we’ve got some comparison calculators, which can work out what you can and can’t claim and work out what the best result is for your particular circumstances,” Loh told the ABC.

If you’re getting that bread from Uber, lodge it

Elinor Kasapidis

I'm glad I learned about parallelograms instead of how to do taxes. It's really come in handy this parallelogram season

— Sage Boggs (@sageboggs) March 23, 2015

You have to report your crypto gains and losses too

“When you’re exchanging one cryptocurrency for another … for example, trading Bitcoin for Ether — that’s a taxable transaction,” Loh told the ABC.

“And if you’re using cryptocurrency to obtain goods or services, that is also a taxable transaction.

“Make sure that you’ve got all the information so you can kind of work out those capital gains and capital losses.”

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