Liability limited by a scheme approved under Professional Standards Legislation


Latest Accounting News
ATO hit list 2025 – Key Areas Under Review

The ATO has released its compliance focus for 2025, and it's sharpening its tools in the following areas:



.


πŸ”Ή Work-Related Deductions – Claims for working from home, mobile phone/internet, motor vehicle use, and items under $300 are under close watch. Make sure you have proper records to support your claims.


πŸ”Ή Property Claims – Rental and holiday home deductions must be accurate and only claimed for eligible periods. Joint ownership must be split correctly.


πŸ”Ή Sharing Economy Income – Income from platforms like Uber, Airtasker, Airbnb, and Stayz must be declared. The ATO receives data directly from these platforms.


πŸ”Ή Cryptocurrency – The ATO is matching data from exchanges to ensure crypto profits (and losses) are reported correctly.


πŸ”Ή GST & Cash Economy – High-risk industries like construction, retail and hospitality are being audited for GST fraud and undeclared income.


βœ… Tip: Keep clear records and ensure your claims are legitimate. If you need help navigating tax time, our team is here to ensure your return is compliant and maximised.


Β 


Β 




30th-July-2025