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Caring for other people is all part of a day’s work for you – but who’s looking out for you? When you put so much care and energy into your day job all year long, the last thing you probably feel like doing, come the end of the financial year, is your taxes. But making your taxes a priority is actually the best thing you can do in the long run – and you don’t have to do it alone.
Let us take care of you, for a change! Our expert tax consultants here at H&R Block are highly experienced and deeply familiar with all of the details of the Australian tax system, so they know exactly where to look to get you the right deductions for your role as a nurse, midwife or carer. And this means a bigger (and well deserved) tax refund at the end of the day.
To complete your return, you’ll need as an employee in a fitness 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 an actual 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 an income. But there are two things you need to remember:
There is a wide range of deductions you can claim as a nurse, midwife or carer, such as:
There are several key expenses you can’t claim, including:
Taking care of your records is really important at tax time, and 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).
Don’t stress! 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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