ATO second commissioner Jennie Granger has given an ‘early bird’ view of some of the areas that the ATO’s Compliance Program 2008 – 2009 will be addressing, and an overview of the ATO’s tax time focus for individuals and small business. She said:
Ã‚Â· for tax time this year, the ATO will be paying particular attention to:
o investors, particularly rental properties, dividends and interest, sale of investments, avoiding dodgy tax schemes, saving for retirement
o salary packages of executives and directors – the ATO will expand its review of highly paid executives and directors, generally people with income over $1 million
o employees and their work expense claims – the ATO will look at the growth in work expense claims particularly by nurses, medical practitioners and chefs
Ã‚Â· the ATO will also be expanding its coverage of income tax issues this year. This includes: sale of assets and investments, foreign source income, and employer obligations (including superannuation).