Tax Time 2024 Guide: Maximizing Refunds and Compliance

1 U.S.A dollar banknotes

Tax time in Australia starts on July 1, 2024, impacting both individuals and businesses. It involves assessing financial health, compliance, and potential refunds. Essential preparation includes gathering documents, understanding income types, maximizing deductions, using tax software or professionals, staying updated on tax law changes, planning ahead, and avoiding common mistakes.