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The ATO has recently issued an article titled ‘Getting your work-related deductions right this tax time’, which warns taxpayers that they will be paying closer attention to work-related expenses claimed this financial year.

Recently we have seen some significant change in the registers used across various Commonwealth, State and Territory  bodies to document goods which have a security interest held over them. These registers are used both personally and commercially, however changes and migrations which have taken place will specifically impact on many Small and Medium Businesses. We feel it is important to  remind, or in fact introduce clients, to the Personal Property Securities Register (PPSR) and its applications.

Whilst it can certainly be agreed that ATO Audits are a necessary function in ensuring a fair and equitable playing field for all Taxpayers, it can also be agreed that they aren't the most pleasant experience.

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