FERNWOOD FITNESS - PULSE eMagazine - Issue#13 - Flipbook - Page 56
MONEY
Simple
tips to get
it right
TAX TIME MADE EASY
Ah, tax time. For most
of us, it rolls around
faster than we’d like —
and let’s be honest, it’s
not exactly anyone’s
idea of fun. But with
a little preparation
(and some friendly
guidance), you can
glide through it with
less stress and maybe
even score a better
return. Let’s unpack
some simple, no-fuss
tips to help you sail
through tax season.
BY CON BARBAYANNIS, CPA
1. Get Organised Early
You don’t want to be
scrambling the night
before the deadline.
Start by gathering
everything you’ll need:
• Income details
(payslips, payment
summaries, bank
interest, etc.)
• Deduction records (like
work-related expenses,
charity donations, and
investment costs)
• Private health
insurance details
• Statements for any
investments or rental
properties
The Australian Taxation
Of昀椀ce (ATO) usually
pre-昀椀lls some of your
details by late July, so
waiting a few weeks can
actually save you time
and hassle!
TIP: Check out the ATO’s
myTax online tool — it’s
free and pre-昀椀lls a lot of
your info.
