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What could be more important than taking care of our precious older generation? You do an amazing job every day helping aged Australians live with dignity and a high quality of life, and we know this work can be tiring. So the last thing you probably feel like doing at the end of a long day is sorting through your taxes.
But getting your tax return done promptly each year is a smart thing to do, because it can mean more getting of your hard earned money back in your pocket. Sounds good, right? The key is making sure you claim all the relevant deductions for your job – and our experienced tax consultants here at H&R Block can help you make sure you don’t miss a single one!
To complete your return as an Aged Care Nurse, Registered Nurse, Home Care Provider, Community Support Worker or Disability Support Worker employed by a company, you’ll first need an income statement from your employer (previously called a “payment summary” or “group certificate”). This is a summary that outlines all of your salary, wages, allowances and bonuses for the financial year.
You won’t need to have a copy of this statement, as it should be lodged by your employer directly to the ATO. Once this has been lodged, we can download the information for you and then help you work out your deductions.
As you know, you’re entitled to claim deductions on any money spent during the financial year on products or services that directly related to earning your income. But there are two things you need to remember:
There is a wide range of deductions you can claim as an Aged Care Worker, such as:
There are several key expenses you can’t claim, including:
We can’t emphasise enough the importance of good record-keeping at tax time, so you need to stay on top of your receipts and have a comprehensive set receipts if you want to get a good tax refund. It’s a smart idea to create an easy and reliable system to help you keep on top of this throughout the year.
Remember, you don’t need to keep physical receipts, and it’s acceptable to keep a digital copy (such as a photo of a receipt or an email receipt) provided it is possible to read:
You also don’t need to keep receipts for expenses under $10 (as long as these don’t cumulatively come to more than $200).
First of all, don’t panic! We know this can happen to anyone and strongly recommend dealing with it as soon as possible. This is always the best approach. It’s essential that you take great care in putting together the information and supporting documentation when filing your tax return, and only claim deductions that are genuine to avoid penalties and possibly even prosecution from the ATO.
It’s easy to make an innocent mistakes sometimes, and if you self-lodge and realise you’ve submitted incorrect or unsubstantiated claims then you should contact H&R Block immediately and we will assist you in making the necessary amendments.
Still have some questions about lodging your tax return? Talk to H&R Block. Our experienced tax consultants will be able to help. Call 13 23 25 for details or find your nearest office and book an appointment online.
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