Employee Travel Expenses: Latest Developments
A comprehensive guide to the rules for claiming deductions for travel, meals and accommodation for employed individuals
Employee travel, accommodation and meal costs are one of the most frequently audited claims by the ATO. Not only are the rules complex, this area is rife with misunderstandings by both clients and tax practitioners.
The ATO has recently issued a new draft tax ruling to sit alongside the existing tax ruling released in 2017. With two tax rulings applying – neither of them finalised – confusion for practitioners and clients can only grow. This webinar will offer a practical, example-driven overview of how the rules for employee travel deductions work and how the two rulings will apply to real life client situations
The webinar will include the following topics:
- An overview of the general principles
- An overview of TR 2019/D7
- What now for TR 2017/D6?
- Home to work travel – what is it and when is it claimable?
- Working in two locations
- Special demands travel
- Working away from home
- On-call and stand-by arrangements
- Fly-in fly out employees
- Bulky tools exemption
- Dealing with ATO audits
Webinar Learning outcomes:
Participants will gain a better understanding of how the rules and guidelines apply, both in theory and when applied to common client situations. As well as ensuring that the right amounts are claimed in tax returns, participants will be armed with the knowledge to advise clients or employees correctly in the first place, reducing the risk of ATO compliance action.
Tax Agents and accountants who act for individual clients with possible travel claims. In addition, employers, payroll staff and HR professionals who manage travel claims for employees.
Mark Chapman is the author of Life and Taxes: A Look At Life Through Tax and has recently edited and updated the second edition of Australian Practical Tax Examples, published in September 2019, both published by Wolters Kluwer CCH Australia.
He has over 25 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.
You will be provided with:
- PowerPoint Presentation slide deck
- A word searchable Transcript of the entire webinar and Q&A session
- Webinar Recording to view multiple times for up to 6 months
- Q&A Session and contact details for follow up