1. Clients who claim from Home

If you can wear moccasin boots to work, you presumably work from home, either full or part-time.

If this applies to you, remember that a percentage of your home-running expenditures may be claimed as a tax deduction.

The work-related component of:

• A decrease in the value of home office furniture and fixtures
• Decrease in the value of office equipment and computers
• Computer consumables, stationery, phone, and internet charges.

2. Studying to Advance Your Career

If you’re drowning in textbooks, the good news is that you may claim them, as well as course fees, lodging, and food if you study away from home.

You can also disclose the costs of computer consumables and internet access, as well as the depreciation of the computer used for studying.

Keep in mind the following course conditions:

• The course must be sufficiently related to your present job;
• The course must develop particular skills or information necessary in your current job; and
• The course is likely to result in an improvement in your income from your current job.

Golden Accountants is one platform that serves all clients in Australia. And we have a proven record of work. You can check back the feedback of our clients on our website.

3. No More Paper Receipts

No need for those pesky paper receipts anymore. The ATO has wholly joined the digital age and deemed digitized copies of receipts legitimate.

4. Claim deduction for expenses incurred in earning your income

Generally, you can claim a deduction for any expense incurred in earning an income. Allowances paid by employers are taxable, as well as equipment used for work-related purposes.

5. Stop relying on the Pre-fill data from the ATO.

Banks may pass information onto the ATO as late as August, which leaves your data out of date. Using a tax accountant like Golden Accountants to do your tax return can help. Our tax accountants undergo the most rigorous training program in the business, so they know how to get the details right.

6. Stay with the Basics

Even minor errors might cause a tax return to be delayed. To avoid a long wait, make sure you:

• Keep your ATO details up to date – if you lodge using a different address, for example, the ATO won’t be able to match it with your tax file number;
• Keep your bank details up to date, so your funds reach your account; and
• Get your spelling correct, as one incorrect letter can cause your return to be delayed.

Get Help and ask Our Tax Agents Questions.

Tax can be pretty much complex. We know about this; this is one reason we created this platform to make it stress-free for you. Golden Accountants are renowned tax experts who know how to maximize tax refunds effortlessly.

In addition to that, we are also well versed with tax deductions in all industries. So, there is no type of task that you give us that we wouldn’t outperform. Some of the deductions that we effortlessly work with are;

1. Transport deductions.
2. Vacation or travelling deductions.

• Tool or requirement deductions and many more.

So, why not make a call today and let us begin immediately? We are online 24/7 to serve you at your very best.

Not to forget, Golden Accountants offers a free estimate of tax refund!