What Are The Top 3 Mistakes N OT To Do When Lodging Your Tax Returns?
It is time to claim your tax returns back! Although the lodging process seems quite straightforward and familiar, there are still the top 3 huge common mistakes that taxpayers need to know to do it right.
- Missing out on the expenses that you are entitled to claim as long as they incurred for work-related purposes and have sufficient supporting documents.
- Claiming on the amounts that you do not actually spend to get more refunds, leading to not only a tax repayment and a 9% per annum interest but also a possible penalty up to 95% of the false claims.
- Using available information from the ATO’s system to fill in your tax form assuming that they are the right sources for your income, leading to possible legal obligations if the information appears to be incomplete or inaccurate.
If you do not have a proactive accountant yet that is keeping you up to date with all the changes for tax and COVID-19, please click on the link to book your tax appointment, https://calendly.com/lan
Contact us now!
📞03 9583 0550 Mentone
📞03 8529 557 Oakleigh
📞03 8511 4047 Springvale
📧 grow@successaccountinggroup.com.au
https://www.successaccountinggroup.com.au/
About Lan Nguyen
Lan is the Founder and Chief Strategist at Success Accounting Group, Melbourne based CA firm. In a matter of short 8 years she has built up a reputable Chartered accounting firm with 3 offices and a team of 6 professional accountants and support team members. Her mission is to provide Innovative and Strategic Financial advice to help her customers make smarter financial decisions today for a brighter future.
Success Accounting Group is for established business owners who would like help to grow a sustained business. As a business owner you understand what drives your business success with our accounting team taking care of the rest.
Success and Wealth
Success Accounting Group Pty Ltd
Oakleigh, VIC, 3166
