With tax time just around the corner, we wilol be giving out some tips on preparing for tax time.
How do individuals need to prepare for tax time?
Prepare your PAYG summaries, savings that is accuring interest on the year statements, private health statements, any receipts that are work related.
With the single touch payroll being put in place, you will not receive your group certificate from your employer anymore. Instead you will need to download this group certificate from your mygov account. Therefore, a good idea is for you to set up your mygov account now before tax time comes by. Make sure your mygov account is linked to the ATO to make the best use out of it. This is to ensure you get your tax refund as quickly as you can if you are expecting one.
To find out more tax tips and tax updates in june 2019, be sure to finish watching the video above. Have any specific questions for us? Get in touch with us here or just comment your questions under our videos and we will get back to you. For more such tips and advice on the housing market and finance, check out Rise High TV.