During tax time, many Australians are already thinking about how they spend their tax refund. But tax return is not just about the deductions and refunds residents receive.
If it is your first time to lodge a tax return, let’s give you a rundown of what it is about first. A tax return is used to provide information to the Australian Taxation Office (ATO) regarding your earnings for the current financial year. The document also gives details about your potential tax offsets for that same period.Read more