Written by Sheppard-Hanson-Accountants on March 24, 2019 in Practice Updates

A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year.

Common claims made by individuals

The following outlines common types of deductible expenses claimed by individual taxpayers, such as employees and rental property owners, plus some strategies that can be adopted to increase deductions for the 2017/18 income year.

 

Read more:  2018 Individual Tax Return Checklist revised.pdf

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