Sorry for the Murdoch rag, but I thought we could do with a trashy article to lighten things up a bit. Anyone else claimed depreciation on a boob job or the family pet?
ATO need to automate their auditing. Catch’em quickly.
I think this has the potential to be big over the next few years. Imagine machine learning going nuts over every return for the last 7 years night and day for peanuts. Auto contacting people to provide receipts, it could likely audit a million people at once and not blink.
Robodebt 2.0
We had a meeting with our new accountants recently and she was saying that she had a client who was a builder who tried to claim his new spa pool.
Any idea how they tried to justify that? Like did they just think anything they built should be deductable, of was it more “I have a hard job and I need it to relax” type argument?
