Here is the link to the Australian Taxation Office’s Tax Time toolkit to make preparing your Individual Tax Return easier this tax time.

It includes:

• Occupational and industry guide summaries;
• Common work-related deductions and record keeping; and
• Residency, foreign income and the income statement

The tax office has stated they will be cracking down on excess deductions this year, so this information sheet will help stay within their guidelines.

Author: Anna Rosemarie

Entrepreneur