In order to claim a tax deduction you must be able to prove that you paid for it. The best evidence is a tax receipt, but you may be able to rely on bank statement or credit card evidence. Get Organized!
Meet ATO work related expenditure substantiation requirements by keeping valid logbooks. This is vital for motor vehicle, home office, phone and internet claims.
Know what you're up for and lodge your tax obligations on time to avoid penalties. Being aware of your current and future tax liabilities gives you the opportunity to plan, prepare and minimize.
Work-related deductions can include travel, uniform, training, working from home, memberships, union fees, travel bags, overtime meals, books, computer equipment, seminars, investment expenses, interest, donations, income protection insurance, cost of tax affairs. They all add up!
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