Have you prepared to get all your tax affairs in order before the tax filing deadline kicks in?
By doing so, you and your accountant will surely feel your lives easier and less stressful. On the contrary, if you are not well-prepared for the tax season, it all becomes draining for you, your accountant, and ultimately, your business.
At Numbers Talk, we provide you with some of the best tax accountants Melbourne CBD wide who assist you at every step of tax filing; and guide you regarding tax deductions, and other aspects of taxation. This saves you a lot of time as well as money.
Here are the top tips to ensure that you have the appropriate documentation as well as all the necessary information to file a tax return perfectly and in time.
¸ First locate your last year’s tax return and keep it safe
¸ Collect your copies of brokerage statements or any similar bank statements
¸ If you have contributed to the IEAs, never forget to set aside the proofs
¸ If your family has got any new additions, get the social security information for them
¸ Make it a habit to keep all your work related receipts filed
¸ Do not forget to gather the mortgage and allied receipts
¸ If you have carried out any charitable donations, keep its records in any form; receipts, pictures, etc.
¸ Whenever you purchase any energy efficient goods for your business, do keep its proofs
¸ Tally all the co-pays throughout the financial year
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