These stats don’t surprise me at all, given how complex the relevant legislation is. There’s always the risk that you’ll claim something incorrectly and get in trouble with the ATO.
However, if you have expenses that are legitimate tax deductions, then you should definitely be claiming these on your tax return. If you’re not sure what’s claimable and what isn’t – and these rules are changing every year – you’re best served speaking with a tax agent.
If you’re yet to do your 2018-19 tax return, book an appointment with me today to help you claim all the tax deductions you’re entitled to. I’ve just launched a new ‘Phone Tax’ service that lets you do your tax return in just half an hour over the phone.
Source: Yahoo Finance.