Income Tax Returns – Golden Rules:

  1. Always have receipts to substantiate your claims
  2. You must have incurred an expense to claim it!
  3. The ATO generally does not accept estimates. You need to show clearly how you arrived at any calculations.
  4. You cannot claim an expense just because you claimed it last year!
  5. If an expense includes a private use portion, it needs to be reduced by that private portion. E.g. if claiming home-internet you need a 4-week diary to calculate the work-related use.
  6. You need to include all income in your tax return. There are some exceptions so please ask us if you’re unsure.

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