With another financial year underway it’s time to present your immaculately prepared paperwork to your tax accountant. Or, if you were a bit disorganised this year then the good old shoe box full of half faded receipts will get the job done… kind of.
With the ATO expected to double the number of in-depth audits they conduct this year you might want to ensure that your claims are all eligible and properly supported. Given that rental properties tend to produce an abundance of claim errors it is important to really know your stuff or give full and complete details to your tax agent so they can get it done correctly for you.
Check out this article for some insight into common deduction mistakes as well as some tips for properly minimising your tax bill.