I am a big fan of tax time! Sure, it means knuckling down to complete a tax return, but the payoff can be a juicy tax refund. The Australian Taxation Office (ATO) sets firm rules around what we can – and can’t – claim on tax. So, the golden rule is always to toe the tax man’s line. Fudging deductions or understating your income can result in serious penalties. Besides, who needs the stress of a “please explain” from the ATO?
A better strategy is to consider these five steps that can boost your refund. Get cracking, though – June 30 is near!
