2021 Tax Time is almost here!
We’re here to help get you ready for your 2021 online income tax return and to get you a better tax refund.
Keep reading to find some great tips on how to keep the correct tax records to ensure no tax deductions are missed, how you can boost your tax refund with work from home tax deductions, and lastly, we highlight the top 5 tax deductions you may be missing out on.
We look forward to helping you with your 2021 online income tax return soon!
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3 Tax Recordkeeping tips to boost your tax refund this tax time.
When tax time rolls around, you may find yourself scrambling to try and gather your tax documents for your income tax return.
These documents are important, without them, you can’t claim the tax deductions you’re entitled to – which means a smaller tax refund.
We go through our 3 Top tips on how to keep your tax records safe to boost your tax refund at tax time.
Working from Home… the new normal
A positive for many of us working from home is the tax deductions available to claim. The ATO’s COVID-19 shortcut rate has now been extended to the 30 June 2021 allowing those to claim the 80c rate. You also have access to the normal home office rate. We unpack both tax deductions.
Top 5 tax deductions you may be missing out on
If you look around right now, we can guarantee there is one thing around you that could be a potential tax deduction. This forgotten tax deduction could make a big difference to your tax refund's final result.
We go through the top 5 tax deductions you may be missing out on.