Before the 2026 tax season begins, taxpayers need to review their receipts, records and the eligibility of their claims. Incorrect or unsupported claims can lead to audits and penalties. Syed Fahad Ali, partner and senior accountant at a Sydney-based tax and accounting firm, says that understanding the rules and preparing in advance can help taxpayers lodge better tax returns. Learn more in this podcast.
Syed Fahad Ali says it is essential to verify the pre-filled information in myTax before lodging a tax return, as the ultimate responsibility rests with the taxpayer. Maintaining organised records and understanding the relevant rules can help maximise legitimate deductions while avoiding unnecessary mistakes.
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