Taxnote Accountants - Melbourne

01/07/2022

Let’s Not Rush 😊

Tax time is here – but not so fast! ✋

If you wait until late July before lodging, most of your info will be pre-filled for you! This includes your employment income, bank interest, private health insurance, dividends, and most government payments you may have received.

All you’ll need to do is check your info, add anything that’s missing, include any deductions – and you’re done! 🙌🥳

Tip: Avoid needing to make changes later by making sure all your income statements are marked as ‘tax ready’ before your lodge ✔️

To find out more, visit www.ato.gov.au/Individuals/Your-tax-return/How-to-lodge-your-tax-return/Lodge-your-tax-return-online-with-myTax/Pre-filling-your-online-tax-return/

28/06/2022

Invested in crypto assets this financial year? 📈💻

Crypto asset sales, transfers and swaps count as a disposal for capital gains tax purposes. That’s why it’s important to have your records sorted!

To learn more about the records you need to keep, visit www.ato.gov.au/Individuals/Investments-and-assets/Crypto-asset-investments/Keeping-crypto-records/

27/06/2022

Let’s not get into trouble from ATO.

Taken this tax 'shortcut'? The ATO has warned it will be the last time. 📍 DETAILS: 7news.link/ATOSights