Tax Myths # 1

Everyone is a tax expert, or so they think. In this audio clip, Tori dispels 5 tax time myths. Have a listen to hear about: 

1. What’s the standard amount I can claim on my tax return? 
2. My mate / the car salesman said I can claim it. 
3. I put all of my personal expenses through my business and claim them. My Netflix, Foxtel, personal car expenses and rent are claimed on my tax return. 
4. I earn under $18,000 in my side hustle, so it’s a hobby and doesn’t have to be declared. 
5. I didn’t make any money from my cryptocurrency trading so I don’t need to report it to the ATO.

To listen click here