Tax Refund Tips By Tax Accountant
Who would not love to have more in tax refunds? Here are a few simple and ethical ways recommended by a reputed tax accountant in Geelong . Ways to Improve Your Tax Refunds The proof is in the pudding Maintain a record of all your invoices, receipts, and payments right from the beginning. Have all your bank statements in one place. Every penny spent should be logged. All your work-related expenses should be recorded, no matter how small. It will ensure that all the expenses are recorded and help you save on taxes. Also, when you record everything from day 1, you will not have to struggle at the eleventh hour. You may seek the help of an accounting firm in Geelong if you feel overwhelmed managing accounts and bookkeeping on your own. Prepay your bills When you pay professional fees or subscriptions as a lump sum, you get to claim a tax deduction on those expenses, even though a part of the subscription fees may pertain to the next year. You can reclaim such expens...