Paying tax regularly on time creates a good reputation of your company. As a business owner, no matter a small enterprise or a big corporate, you should always make precise tax planning early before tax season to get benefits of reducing tax bills. There are several possibilities that you can save your earnings by getting expert Tax Advice from an experienced tax consultant in Melbourne. Here, we have mentioned some easy ways that help you to pay less tax in 2018.
Give a donation to charitable trust – It is always good to share even a small portion of your profit to the needy people or in the charitable trust. You can get tax benefits by donating to charity. It is not only cash donating, but some items are also qualifying that you need to track record of it. List out all the things you donate throughout the year and also keep receipts of it.
Keep Accurate Record – If you are Lodge your tax return online or hire tax consultant, you need to keep accurate information of everything that you can claim for tax deduction. List out the tax deduction items and keep list of all receipts. You can get advice from your tax agent in order to how best you can keep track of your receipts for the whole accounting year. You need to keep records of all your income such as salary, wages, interests, rent income, and others that you received during the year. You should also need to keep track of all your tax deductible expenses such as work related expenses, donating to charity, education expenses, buying things related to work, travelling for work, and many others. When you keep accurate records of all your income and expenses, it becomes easy to claim your tax deduction while you make process for Tax Return Online in Melbourne.
Get Tax Advice from Expert Tax Agent – If you are not completely sure about the actual process to submit an online tax return or how to avail maximum tax benefits by paying less tax, you need to hire an experienced Tax agent who can give you the right advice to save your valuable money.
If you are looking for an expert Tax Agent for Tax Return Online in Melbourne and get benefit to pay less tax, contact at enquiry@www.pndaccountants.com.au
