The four priorities for the ATO this tax time
The ATO has four key focus areas for Tax Time 2022:
- Record keeping
- Work-related expenses
- Rental property income and deductions
- Capital gains from crypto assets, property and shares.
These ATO priority areas will ensure that there is an appropriate level of scrutiny on correct reporting of deductions and income, so that Australia continues to have a strong tax system that can support the Australian community.