ATO Audit Risk: Are You Making These Tax Mistakes?

Описание: Tax time in Australia is here, and the last thing you want is an unexpected ATO audit! In this video, I break down the 4 biggest mistakes that could trigger an audit and cost you thousands. Learn how to avoid common tax pitfalls and maximize your refund while staying compliant.

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ATO LINKS

🔗 MyGov help https://login.my.gov.au/mygov/content...

🔗 Work from Home Expenses instructions and COVID-19: https://www.ato.gov.au/general/covid-...

🔗 Carry forward unused concessional contributions https://www.ato.gov.au/individuals/su...

🔗 Claiming deductions for personal super contributions https://www.ato.gov.au/individuals/su...

Chapters
0:00 Intro
0:22 Lodged too early
1:53 Missed Capital Gains
2:39 Business income
3:34 Overclaimed tax deductions

DISCLAIMER: it is important to note that the information in this video is for general information and entertainment purposes only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances.

🔹 What You’ll Learn:
✅ The #1 reason taxpayers get audited
✅ How undeclared income can lead to trouble
✅ Why capital gains from shares, crypto, and property matter
✅ The risks of running a side hustle without reporting income
✅ How large tax deductions can raise red flags

💡 Pro Tips:
✔️ When is the best time to lodge your tax return?
✔️ How the ATO uses data matching to check your income
✔️ Simple ways to reduce your audit risk
📌 Watch until the end for expert insights that could save you money and keep you off the ATO’s radar!

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