Be Warned… The Australian Tax Office is now targeting School Teachers in Australia in a crackdown on ILLEGAL work related expenses…
Last year 178,000 plumbers, concreters, electricians, sales and marketing managers, university lecturers and truck drivers were under the spotlight and their work-related claims were slashed by $40 million at an average of $226 per taxpayer.
This year, it’s the turn of Teachers.
In 2010, TEACHERS as well as mechanics and engineers have been warned they are the taxman’s top three targets this year. In a recent article in The Herald Sun, Tax office second commissioner Bruce Quigley stated “the tax office was able to use information held by third parties to check 500 million transactions without most taxpayers ever knowing. We do this with an invisible hand that most compliant taxpayers would never need to be aware of,”.
As a teacher, are you prepared to run the gauntlet of the taxman? Are YOU prepared to run the risk of non-compliance… and be subject to LESS money in your pocket PLUS fines and penalties that could leave you in considerable DEBT!
So what can you do about it?
Well, the number 1 recommendation is to use a registered tax agent in Australia who is up to date with taxation rules and regulations, ideally one that specializes in Teachers Tax Returns
You can get more information on that at www.TaxInfoSite.com.
About The Author
Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.
Comments on this entry are closed.