Rental properties are one of the ATO’s favourite areas to target when it comes to auditing tax returns. The deduction claims are what the ATO mainly focuses on so keep reading to find out common items we come across with investment rental properties and how you can stay compliant with the ATO when disclosing your rental property activities.
On the weekend I was watching a Facebook video by my mentor and friend Jeremy Watkins. He was doing the Cape to Cape walk. At the time of writing this I haven’t yet heard from him to see how he got on. But one thing he said in the video resonated with me. He was saying at the start of the walk that he was feeling a little scared and sometimes we need to do something that scares us. That got me thinking about business and my own personal journey.