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Tax Myths # 1

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 



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