Latest Accounting News

Quarter 2 of, 2017 archive

  • ‘Bank-like heists’ make way for new wave of cyber crime
  • ATO reports on key contraventions for 2016-17
  • ATO, mid-tiers warn on common expenses myths
  • SMSF trustees told to take action on contributions
  • Higher instant asset write-off threshold for small business extended
  • Australian population figures
  • New data points to spiralling retirement costs
  • Personal insolvency numbers spike across Australia
  • ATO cracking down on taxable fringe benefits
  • Intangible capital improvements made to a pre-CGT asset
  • The three core pillars of this year's budget
  • Federal Budget - 2017-18 - Overview
  • Does your business import or export goods and services?
  • Federal Budget - 2017-18 - Budget documents
  • When does an asset cost less than $20,000? Depreciating assets: composite items
  • ATO finalises guidance for capped defined income streams
  • Warning on trap with trust deed updates
  • 2011 Census - what was the make up of your area?
  • It’s no secret that Australians have some of the largest houses in the world.
  • Resources on our site to help you and your family.
  • ATO defends approach to SG compliance
  • Essential steps for SMSF clients before 30 June
  • New tax incentives for early stage investors
  • FBT Reminder – Odometer Reading
  • ATO on 'aggressive' debt recovery hunt
  • More ATO downtime looms ahead of tax time
  • Tax debt release applications refused
  • Troublesome tax system overhaul picks up speed
  • Government to ‘put to bed’ uncertainties with TRIS
  • Travel expense and transport of bulky tools claim denied
  • New law sheds light on global tax issues
  • Report tips housing price spikes to wipe out super savings
  • Travel expense and transport of bulky tools claim denied

    An individual has been unsuccessful before the Administrative Appeals Tribunal claiming work-related travel expenses. 

           

     

    The individual was a sheet metal worker whose home was located some 60 km from his employer’s main work site.  

    The worker argued that his employer required him to supply his own tools and that they were too bulky to be transported to work other than by car.  He also submitted that his employer did not provide adequate secure storage facilities for his tools.  In refusing the taxpayer’s claim, the Tribunal noted it was the taxpayer’s own admission that it was his own personal choice to transport his various hand tools out of security concerns.  The Tribunal also said the taxpayer’s security concerns were “not supported by objective evidence”.  The taxpayer’s claim was therefore refused.

    The Australian Taxation Office (ATO) reminds individuals that in certain circumstances it will contact employers to verify employees’ claims.  In this case, the ATO contacted the taxpayer’s employer to check his claims, including whether the employer supplied safe storage facilities.

    An employer might consider their obligations under workplace agreements or union claims before replying to ATO.  Hence the answer is not what the taxpayers hopes for.

     

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