Work related claims are on the ATO’s radar

The Australian Taxation Office (ATO) has created industry average amounts for work related claims.  If you are claiming above the average (by around 10% or more) then you risk facing some sort of ATO review.

As a guide, here are ten occupations/industries and the respective average amounts for work related claims, according to ATO data and Etax:

  1. Real estate agents – $8,634
  2. Lawyers – $7,156
  3. Truck drivers – $5,059
  4. Tradies – $4,871
  5. Farmers – $4,428
  6. Engineers – $4,415
  7. Accountants – $3,224
  8. Teachers – $,3164
  9. Nurses – $2,622
  10. Bankers – $2,223

If you are in one of these industries and If you are unsure as to whether your claims are reasonable and therefore less likely to attract the ATO’s attention call me today on 07 3264 4783.

David Balwin Tax Accounting CFO Business Advice