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If you are a travel consultant who is thinking of putting that family trip overseas down as a work-related expense on your tax return, it might serve you well to think again.

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Those who work from home or use their own car for their job could face heavy scrutiny of work-related expenses over the next year in a new tax office crackdown, accountants warn.

Sit tight

Feb 13, 2008

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Gyrations on the sharemarket can spook even steely investors but the turbulence is particularly unsettling for those nearing retirement.

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Investors who tried to capitalise on the $1 million tax free window introduced last year may have lost over 16 per cent of their superannuation money due to the falling sharemarket.

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There's no need to cancel Christmas. The tax office has some rules, but there is still options to let your hair down.

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