C&D Restructure and Taxation Advisory

Laundry Allowance

Craig Dangar

https://youtu.be/cvNcOsxk1dE

Your tax agent tells you, you can $150 claim for laundry relating to your work uniform, is this correct?

We have recently been working with a tax agent that had a standard policy of claiming $150 regardless of the occupation, this has resulted in a heavy audit of his clients and a disallowing of many refunds.

The standard policy was not to the examine the industry or the classification and the standard claim was simply a policy of the office.

The Australian Taxation Office has clearly flagged that this is an area of concern and failing to ensure that any claim is a legitimate expense of the taxpayer appears to be resulting in closer examination of the tax position of the entire lodgements of a practice.

We work closely with firms looking at their standard practices and can assist in developing communication strategies around ensuring compliance.

The team at C&D Restructure and Taxation Advisory are here to help. As part of the Vault Group we can offer the full suite of financial products and advice to help you navigate the business landscape. Schedule a meeting here via Calendly or give us a call on 1300 1 VAULT (1300 182 858)

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Craig Dangar

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