Tax Tip 1

Episode 2,   Oct 22, 2021, 12:33 AM

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If you see a tax agent or accountant for your annual return, hold onto that receipt.

The bill for the agent preparing that return can be used as part of your claims for the next year.

It's one of several receipts you can keep for deductions, but they should relate to your work.

That can include expenses for a work trip or dinner and must include details such as the amount of expense or purchase, the date of the document and the name of the supplier.

If in doubt, you can head to the Australian Tax Office website for more information.

[That is ato.gov.au.]