The Australian Taxation Office (ATO) has created a Tax Time Toolkit for organisations in mining, building and construction, to provide helpful information to Australians during tax time this year.
The Tax Time Toolkit contains practical information to help taxpayers – such as engineers, miners, builders, architects and tradespeople – prepare and lodge their tax return, including links to tools and resources such as the myDeductions tool in the ATO app.
Each toolkit has been designed to help Australians in areas where the ATO knows taxpayers are at risk of making a mistake when they’re preparing and lodging their tax return. These areas include:
- Work-related expenses – knowing what you can and can’t claim
- Income – knowing what to declare
- Gifts and donations – knowing what you can and can’t claim
- Record keeping – keeping the right records so you can substantiate your claims and don’t miss out on a deduction
Organisations can visit the ATO website to download their Tax Time Toolkit. The toolkit can be used by any major employers, member associations and industry peak bodies, to make helpful information available to staff, stakeholders, members, networks and clients.