News and Views Podcast Show · Sarah Power: Director of Business Concepts Group, Financial Planner and Accountant

NV143: Data matching and return claims

·18 min·1 clip
The ATO is tracking car purchases over $10,000 to catch tax non-compliance—what does your vehicle say about your income?
Sarah Power and Chris Reid discuss the ATO's expanded data matching programs for 2023 tax returns, covering areas like motor vehicle purchases, property sales, cryptocurrency, and superannuation. They highlight how the ATO uses information from sources like VicRoads and Airbnb to identify non-compliance and warn listeners to ensure accurate reporting and keep evidence for audits.
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