Ken Devos News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It’s a new financial year and tax season is getting underway again. But some things around what you should be doing with your return this time are a little different after a full year of the COVID-19 pandemic. Here’s a look at what you need to know. What can I claim differently this time? If you've been working at home, there are several expenses you can include in your return. The Australian Tax Office is expecting an increase in deductions related to people working from home - that means things such as electricity, internet, and phone costs, and depreciation in the value of office equip...

Date Time Tax time tips in a COVID In a unique year brought about by the COVID-19 pandemic, Swinburne Associate Professor of Accounting Ken Devos, says taxpayers should be aware of some changes and particular focus areas for the Australian Tax Office (ATO) for the 2020-2021 financial year. ‘The ATO has very sophisticated data analytics and artificial intelligence which draws information from a wide range of sources in determining whether what you have declared in your tax return is in fact correct,’ he says. He shares some insights and advice for anyone completing a tax return. Claiming h...