If you are looking for a bigger tax refund and you live and work in Australia, there are ways you can go about it without getting into the black books of the Australian Tax Office (ATO). The Australian tax system can be overwhelming, particularly as it includes a lot of rules that so many Australians will find it difficult to abide by. Getting it right in your tax deduction may not be as simple as it sounds, but there are ways you can go about it and the ATO will be happy with you.
In this article, we present you the best ways to get bigger tax refund during tax time.
#1 – Ask your tax agent questions
One of the best ways to get more Australian dollars in your pocket during tax time is to ask your tax agent the necessary questions. Ask questions relating to your work-related expenses that you are legally entitled to. According to the Australian Tax Office figure, more than 70% of Aussies use a tax agent during tax time to enable them to enjoy everything they are entitled to.
Your tax agents should be able to update you with a list of all the work-related expenses that you can claim while filing your tax return. If you are in doubt, you can contact us at Elite Tax Success and our well-trained and experienced consultants will book a session with you to explain everything that you need to know regarding filing a tax return.
#2 – Save your receipts with an online tool
There are tools online that you can download or install on your smartphone to save your receipts and also automate all your work-related purchases so that you can claim expenses that you are legally entitled to. Saving your receipts in one place will help you claim expenses and then get a better tax refund.
#3 – Claim work-related mobile phone expenses
If you work remotely, then you should claim work-related mobile phone expenses. During the lockdown time, a lot of Australians worked from home and they relied on mobile communication to get things done. You can also use online tools to track all the calls that you have made during your work processes to enable you to claim work-related mobile phone expenses during tax time.
Get a bigger tax refund
At Elite Tax Success, we have experienced and trained tax consultants that you can rely on to claim tye full tax refund that you are entitled to. After we have thoroughly checked your books, we will then submit your tax return to the Australian Tax Office. We have our consultants on ground to answer any questions that may be bothering you.