If you work from home: keep a diary of hours worked in your home office for your job or business and record your internet and telephone usage.
Donations: Make donations to registered charities before 30th June and obtain a receipt in the name of the highest income earner in your family.
Income Protection Insurance: This is tax-deductible. Life Insurance is NOT.
Interest Income: The account should be in the name of the lowest earner.
Logbooks: Make sure you have one for at least 13 weeks of the financial year
Superannuation: consider salary sacrificing bonuses or some of your income
Capital Gains: If you made a capital gain this financial year and you have some poor performing shares, consider selling them prior to 30th June.
Keep receipts and records: Use a credit card or EFTPOS for all expenses then highlight the work/business ones. Keep receipts in one place, like a folder.
Claim all of your allowable deductions and tax offsets.
As your Registered Tax Agent, I will make sure you get the best tax refund.
Please contact me if you need assistance.
I am here for you, to help with any accounting, bookkeeping or tax issues.