PREPARING FOR YEAR END
For this financial year 2018/2019, taxpayers need to be extra careful in claiming work-related expenses because the ATO is eyeing unsubstantiated and higher-than-expected tax deductions. In order to avoid being audited by the tax office, essential record keeping is crucial in order to maximise your tax refund this year. If you cannot prove you have spent the money, might as well think it over a few times and better not claim these expenses, or you will end up under the ATO’s radar.
Once again, we come up with this Year-end Strategies 2018/2019 newsletter as a guide for you and your business this tax time. You can download your FREE newsletter now.