#Get respoonse flagged by malewarebytes series
The tax gap was calculated through a series of random audits, with those findings extrapolated across the entire taxpaying population. In comparison, the net income tax gap for large corporates was estimated at 5.8 per cent, or $2.5 billion. In 2014-15, the estimated tax gap for individuals was 6.4 per cent, or $8.7 billion, driven primarily by incorrectly claimed work-related expenses. The tax gap is the ATO’s estimate of how much tax it misses out on through dodgy claims. It comes as the ATO reveals the so-called “income tax gap” for individuals is nearly three-and-a-half times that of big business, with each Australian cheating the tax man an average of $906. “Sometimes they’ve got a little hobby business like Uber or Airtasker and think they don’t need to put it down,” she said.
Ms Russell said often people might get to the end of the year and forget about a part-time job they had. They get burned in six months time when they ATO does their checking and come across a missing PAYG certificate and they end up with a bill.” “They want to get their tax return early, they’re hanging out for that refund and they don’t take time to go through their information. “The early lodgers tend to be a little more caught out than someone who’s prepared to wait a month,” Ms Russell said. That’s according to Liz Russell, senior tax agent with, who said people making these mistakes could have their tax refunds delayed and potentially face penalty fees and interest charges.
#Get respoonse flagged by malewarebytes update
FAILING to list your spouse, claiming the maximum “receipt-less” deductions or forgetting to update your personal details are among the 10 things likely to get your tax return “red flagged” by the Australian Taxation Office this year.
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