Overnight Business Travel Expenses – Tax Refund On Spot

If you stay away from home for one or more nights on business travel, you usually need to keep written evidence of all expenses.

If you were away from home for six or more consecutive nights, you must use a diary or similar document to record the facts of each business activity before your travel ends, or as soon as possible afterwards. You must record:

  • the nature of the activity
  • the day and approximate time the business activity began
  • how long the business activity lasted
  • the name of the place where you engaged in the business activity.

Employees who travel for less than six nights in a row don’t need to keep receipts unless their travel allowance exceeds the Commissioner’s reasonable travel allowance limits.

If you function your business as a company or trust, fringe benefits tax may apply if the travel includes private activities.

The tax and superannuation systems are respected community assets that support the Australian way of life. Australians show their support for these systems by voluntarily meeting their tax obligations – lodging returns and other reports on time and paying the true amount of tax.

However, a small percentage of people intentionally and dishonestly break the law to avoid paying their fair share or to claim refunds or other payments they are not allowed to. These people cheat the whole community. In fairness to the rest of us and to maintain group of people confidence in the tax system, we are strongly loyal to effectively tackling tax crime.

The tax and superannuation systems are appreciated community assets that support the Australian way of life. Australians show their support for these systems by voluntarily meeting their tax obligations – lodging returns and other reports on time and paying the right amount of tax.

However, a small percentage of people deliberately and dishonestly break the law to avoid paying their fair share or to claim refunds or other payments they are not entitled to. These people cheat the whole community. In fairness to the rest of us and to maintain community confidence in the tax system, ATO are strongly committed to effectively tackling tax crime.

Using complicated intelligence capabilities and collaborating with partner agencies nationally and internationally, ATO pay particular notice to key areas where there are higher risks, including offshore secrecy arrangements, refund fraud, ‘phoenix’ behavior, identity crime and organized crime.

For more information on Etax, myTax ATO and online tax return, please contact us at 1300768284 or you can email us at enquiry@taxrefundonspot.com.au