It’s tax time again and, although you may be itching to get your return out of the way, officials are urging Australians to take a breath first. The Australian Taxation Office says people who rush in and lodge in early July are twice as likely to make a mistake. Here’s everything you need to know about preparing this year’s return. When can I lodge my tax return? Taxpayers could officially lodge their returns as of Monday, but the official advice is to wait a bit.
The ATO breaks down exactly what you can claim for your profession on its website. What if I make a mistake? If you realised too late you made a mistake, or left something out of your tax return, there are ways to fix it. The relevant actions depend on the lodgement type, which the ATO breaks down on its website. You can also speak to a registered tax agent for help. When is my tax return due? If you are lodging your own return, the magic date to remember is October 31.
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Source: 7NewsSydney - 🏆 16. / 63 Read more »