Dodgy Deductions
58m CPD time
Difficulty: Basic
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What do we do when our clients claim they bought a brand new TV for their "home office"? Their corgi is on "guard dog" duty so all their treats are deductible, right?
Have you also had your fair share of "But my previous accountant let me claim it!" as a reason to claim some dodgy deductions?
Dan Osborne of Two Drunk Accountants joins us to count down our Top 10 Dodgy Deductions, and also chat about how we can deal with clients who push for them.
We referred to the following cases and tax documents. You can watch a bite-sized Tax Nugget:
- London v FCT - work-related deductions
- Rizkallah v FCT - rental deductions
- PCG 2022/D4 - new working from home deduction method and rules
Download slides in the Resources tab, and check out the FBT & the Office Christmas Party cheat sheet here.
Date recorded: 7 December 2022