Ready for tax time
25 May 2018
We know it's a busy time of year.
Here are some tips to help you get ready to lodge your tax return:
- Gather and sort your business records now, including cash, online, EFTPOS, bank statements, credit or debit card transactions covering:
- sales and other business income
- expenses you can claim as a business deduction such as staff wages, contractor expenses, operating expenses and business travel expenses.
- If you changed your record keeping software during the year, check that all your information has transferred over correctly.
https://www.ato.gov.au/Newsroom/smallbusiness/General/Ready-for-tax-time-/?sbnews20180516