In this podcast, SBS Punjabi speaks with accountant and tax expert Deepika Sharma to uncover simple and effective ways to maximise your tax deductions. Listen to this podcast to learn about the major changes taking effect from July 1, what they could mean for you, the key points to keep in mind, and common mistakes to avoid when filing your tax return.
Major changes
- 6.2 million taxpayers will be able to reduce their taxable income by up to $1000 without a receipt.
- New tax cuts could change the tax bracket
- 'Payday Super' for TFN employees and $20,000 write-off for small businesses
Disclaimer: This is not tax advice. This information is for educational purposes only. Taxpayers should seek advice from a registered tax agent or suitably qualified professional to get personalised information.
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