I recently did my tax return via the accountant and it was over 10 days and no Notice of assessment from the ATO. Today she downloaded it as a pdf so maybe its on the way.
A few days ago I read an article on a property magazine regarding travel expenses: '''if the main purpose of your trip is to have a holiday and the inspection of the property is incidental to that main purpose, you cannot claim a deduction for the cost of the travel'.''
I was unaware of this rule and have large travel expenses- flying up to brisbane- claiming return flights and hire car. In actual fact, I spent 3 weeks up there and only spent a day at the I.P inspection and working in the garden. The total value of the flights and car hire was $500.
I also did another gardening job in the area and invoiced it with my ABN
I flew from oversea's to do this inspection and work in the garden but obviously had a holiday as well.
I think if I was audited I would be guilty and have to pay a penalty.
Question... Should I get the accountant to re-submit my tax return taking out the $500. Is this possible based on the above info i.e. the accountant hasnt received the original in the mail yet but has downloaded it as pdf version.
If it is re-done does this raise any alarm bells at the ATO and trigger and audit?
Thanks for your opinions on this one. I've accidently taken the **** due to my ignorance of the tax laws but don't want to be audited.
A few days ago I read an article on a property magazine regarding travel expenses: '''if the main purpose of your trip is to have a holiday and the inspection of the property is incidental to that main purpose, you cannot claim a deduction for the cost of the travel'.''
I was unaware of this rule and have large travel expenses- flying up to brisbane- claiming return flights and hire car. In actual fact, I spent 3 weeks up there and only spent a day at the I.P inspection and working in the garden. The total value of the flights and car hire was $500.
I also did another gardening job in the area and invoiced it with my ABN
I flew from oversea's to do this inspection and work in the garden but obviously had a holiday as well.
I think if I was audited I would be guilty and have to pay a penalty.
Question... Should I get the accountant to re-submit my tax return taking out the $500. Is this possible based on the above info i.e. the accountant hasnt received the original in the mail yet but has downloaded it as pdf version.
If it is re-done does this raise any alarm bells at the ATO and trigger and audit?
Thanks for your opinions on this one. I've accidently taken the **** due to my ignorance of the tax laws but don't want to be audited.