Avoid Mistakes in Your Tax Return – Why Waiting for ATO’s “Tax Ready” Status Matters
According to the ABC Net AU, as tax season starts for 2023/24, Aussies are told not to rush. The ATO advises against early July submissions as it can lead to mistakes. Rushing may cause missing important info like bank interest or dividends.
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2023-24 Tax Season: Don’t Rush to Lodge Your Tax Return – Wait for Pre-Filled Details and Avoid Errors (PHOTO: USA Today)
Understanding Tax Returns Changes – Reasons Behind Lower Returns and Ways to Avoid Fines
Tax changes like the LMITO ending in 2022 have affected tax returns. Know why returns are lower, like moving into a higher tax bracket or extra Medicare levy. Stay updated with ATO’s tips to file correctly and avoid mistakes or fines.
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