What will ATO really focus on your 2022 Tax Returns?

With only a few weeks left for your tax return 2022, it is important, Focus on Tax Return and organising your income and deductions records to ensure maximum tax returns. Today we talk about the key focus areas of the ATO:

• How you organise your records on expenses that are tax deductible?
• Claiming work-related deductions in a hybrid or non-hybrid working environment.
• Any capital gains from your assets, digital currencies, and shares.
• Deductions on income and expenses of the rental properties

Organising your records on expenses.

The records are usually a receipt on your purchase of goods or services from a supplier. The receipt of your record must include:

Nature of the goods or services you purchased. For example, claiming a working related expense to

According to Madeeha Usman, the senior accountant of The Kalculators,“If you are unable to keep a record, there are exceptions available to keep it simple – however that needs to be justified by showing YOU spent the money, and how the claim was calculated.”

In certain circumstances, if you do not have a documentation and have paid cash to a supplier. You will not be able to claim a deduction due to insufficient evidence on your claim. According to the ATO’s discretion on record keeping – if an individual is unable to claim a receipt, you can still claim a deduction based on the quality and nature of the evidence provided:


1. Claiming deductions for individuals in a hybrid working environment.

Be it a hybrid or working from home environment, to claim you work related expenses, you must:


2. What about capital gains, assets or digital currencies?

Any disposable of a crypto-asset, NFT (Non-fungible tokens), shares or property. You are required to calculate your capital gain or loss and record it in your tax return. Any capital loss or gain is the difference between how much you purchased it for? And how much you disposed it for?
*Remember you cannot offset your capital losses against your income and wages.
Important Tip, ATO takes their data collection process very seriously so any unfair deductions or claims can be penalised heavily.

3. Be mindful of the deductions claimed as a rental property owner.

Keep records of all the rental property income you may have received from insurance payouts, retained rental bond money, even short – term rental arrangements. As all your rental property deductions are entered manually, please avoid complications or discrepancies. Seek help from a professional, to avoid delays or even correcting your refunds.

Have questions - focus on Tax Return?

Speak to our friendly team of accountants for understanding your claims and deductions. With over 8 office locations in Adelaide, you can also book an appointment at our nearest office to your location.

Not enough time?

Why not book an online consultation with us! We also provide phone, skype and zoom based appointments to value your time and convenience. To book an appointment simply give us a call on 08 7480 2593 or simply click on “book an appointment”

Frequently Asked Questions
Why choose us?
The Kalculators is the fastest-growing accounting services provider in South Australia. This is due to our total commitment to providing affordable financial services to those that need them. We are highly qualified tax agents, bookkeepers, chartered accountants and financial planners. We also have partnerships with expert finance brokers and business insurance providers. This enables us to provide a holistic suite of services to individuals and businesses in the Adelaide metro area and beyond.
Why choose us for Accounting Services in Adelaide?
Accounting Services Adelaide
We are the leading accounting services provider in Adelaide, South Australia. As an accounting firm, registered tax agents, GST and tax return preparation agency, GST and tax return preparation agency, it is our responsibility to deliver you the legitimate accounting services and follow the accounting standards. We try to save your money and time; this is cost-efficient too. We want to become your business partner and firms for Accounting in Adelaide need a prolonged relationship with you. So, opting for us for your finance and accounting management would be the best choice and decision for your business.

We Offer So MuchMore Than Just Cheap Tax Returns Agents.
The Kalculators are the accountants, Adelaide residents rely on – and not just when it comes to tax time. We have a team of highly qualified, experienced professionals offering a range of personal and business accounting services. $60 d tax returns are just the beginning…

• Australian Industry-Standard Qualifications
• 8 Offices in South Australia
• Trusted for 8+ Years
• Tax refund in 10 working days
• Can pay upfront or from refund

ADELAIDE TAX ACCOUNTANTS & TAX AGENTS
We make tax simple. Starting from only $60, we can help you regain control of your individual or business tax returns. Book a consultation at a time that suits you at one of our 7 convenient South Australia office locations, and we’ll do the rest. No complicated forms. Just maximum refunds.

WE OFFER A RANGE OF ACCOUNTING SERVICES

• Tax Agents – Registered Tax Return Agents (Tax Return Preparation/Filing Services)
• Bookkeeping – Award-winning bookkeeping services in Adelaide, Outsourced Cloud Bookkeeping, Software Bookkeepers
• Business Insurance – Expert business insurance services in Adelaide
• Business Advisory – Quality business advisory services in Adelaide
• Accounting Training – Work experience program & accounting training in Adelaide
• SMSF – Specialist SMSF administration services in Adelaide
• Financial Planning – Financial planning Adelaide residents can trust
• Loans & Finance – Quick and reliable mortgage and asset finance brokers

We Believe In Customised Accounting Solutions
In the complex, often multi-jurisdictional and technical world of tax and finance, you need tailored and practical advice – and that’s exactly what our Adelaide accountants deliver. The one-size-fits-all approach is no longer relevant in today’s complex business environment, and as such, we believe in customised solutions. Don’t settle for a tax agent or financial advisor that simply ticks boxes.
What should you know about the services of Accountants in Adelaide?
No need to stuff yourself, we are here to provide you one line solutions at your place. We just need the basic data from you; either is a raw form or grouped data. We manage your data and draw conclusions for you. We calculate for you, on your behalf and make your frustration-free. Just get your financial statements any time and make important business decisions. Forget your daily recording and bookkeeping; we are here to build your accounts on a daily basis. Just send us the record rest we will organize it as per the Accounting board standards.
What standards do we use as accountants?
Whether you are looking for business advice, loans,SMSF administration , or general accounting services , we are here to advise you. Our services are always tailored to you and follow the required accounting standards. We use AASB principles – Australian Accounting Standard Board – to ensure official standards are always upheld.
What makes us a good tax agent?
The Kalculators offer so much more than just cheap tax returns. As certified and registered tax agents, as well as tax accounting training providers, we understand the complexities of tax and make it simple. Through our regular dealings with the ATO, we are fast and experienced at conducting tax calculations that work in your favour. With us, you’re guaranteed maximum refunds with minimum hassle.
What do your Adelaide accounting services cost?
Charges vary from service to service. It may also depend on the size of your business and its operations. However, we do offer some fixed price services; for example, our SMSF administration services. We also offer flexible payment options for our Adelaide bookkeepers. With The Kalculators, one thing is always for certain: we offer expert services at affordable prices. Our tax returns may start from only $60 but this is just the beginning in terms of the value we can offer you and your business.
Do you have accountants near me?
Yes, we can guarantee there’s an office of The Kalculators near you! We operate out of 3 physical offices in Adelaide and 6 online locations in the Adelaide metro area and beyond: Salisbury, Prospect, Murray Bridge, Hillcrest, Woodville, and Brighton.
Do we offer dedicated tax agents to individuals?
We have a strong team of dedicated tax consultants, so if you are looking for individual tax agents, we can help. All it takes is for you to schedule an appointment and we can take it from there. Let us deal with the ATO on your behalf so you can get back to doing what you do best.
How much calculation time is required by our tax accountants in Adelaide?
The calculation time depends upon the nature of your work and whether there are any complexities. We always try to charge clients the absolute minimum, which is why our basic individual tax returns start from only $60. We will always tell you how much our service is going to cost based on your particular circumstances. However, some of our accounting services do take more time and we charge accordingly. If you have any questions about the cost of a particular service, don’t hesitate to ask.
Do we have the best bookkeepers in Adelaide?
Looking for the best bookkeepers in Adelaide? Then look no further! Yes, we are proud to be a leading, certified bookkeeping services provider across Adelaide and beyond. Our bookkeepers are experienced and able to provide quick services for a range of businesses.
What bookkeeping services in Adelaide do we offer?
Our basic bookkeeping service comprises journal entries, receipts management, ledger entries, trial balances, adjustments in the trial balance, bank reconciliation statements, cash flow statements, profit and loss accounts, capital accounts, balance sheet and more. Browse our flexible payment plans on our bookkeeping Adelaide bookkeeping Adelaide page or contact us to customise a bookkeeping service to suit you.
Do we offer discounts on our Adelaide bookkeeping services?
Yes! For long term clients, we often offer discount packages of up to 50%. On top of this, throughout the year we occasionally release seasonal discounts and other offers. We are 100% committed to providing expert financial services at affordable prices, so you can always expect excellent value for money from The Kalculators.


Kaleem Ulah
Kaleem is CEO & Author at "The Kalculators". With more than 10 years of experience in financial services, he built Kalculators to transform your financial challenges into strategic triumphs!