5.8 million tax returns have been lodged in July and August of the 2018 tax season. The ATO analytic screening has automatically adjusted more than 112,000 tax returns with errors totally more than $53 million.
The most common errors are leaving out income (bank interest or wages) or over-claiming deductions or trying to claim items which are not deductible.
If you would like to ensure that you have an error free, compliant tax return which maximises your tax refund (or minimises your tax payable) be sure contact us to prepare your tax return.
You can read more in the attached article:
Over $53 million worth of tax time errors detected so far