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Air fryers, designer bags and even swimwear – these were just some of the work-related expenses Australians tried to claim on their tax returns last year, according to a May release by the Australian Taxation Office (ATO). The message is clear – if it’s not directly tied to earning your income, it’s not deductible.
The ATO warns that incorrect claims may result in audits, penalties or repayments with interest – and they’re using advanced data tools to spot errors.
For small business owners, your accountant is your best ally. They’ll help you stay compliant, structure your records and claim only what’s fair and legal.
#taxdeductions #smallbusinessaustralia #eofy2025
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