Tips to get the most out of your tax in 2024
Want to get ahead for next tax time? Use this Australian Taxation Office (ATO) checklist to make sure everything is in order!
√ Records, records, records
Put a system in place to keep track of your receipts and make sure you have records as evidence if you claim a deduction. No record means no deduction. If you are intending to claim a deduction for work-related expenses, you must have records of those expenses that show:
- you spent the money
- the expense directly relates to earning your income.
Want to learn more? Check out the ATO website.
