Talking Cents

Maximising your tax return with simple tips, by our small business accountants in Melbourne

Do you ever wonder how so many people have been getting sumptuous amounts of money back on their tax returns when you hardly get any? Well our small business accountants in Melbourne want to take you through a few ways in which you can maximise your tax return.

With the end of financial year approaching fast, a lot of people have begun to think about their taxes and how they can maximise their return. Here are some tips from our business accountants in Melbourne:

• If you have a home office or work from home a few days a week, then you have the ability to claim back on all of your expenses for the day. You don’t need to be self employed to claim back money on home office expenses
• Prepaying yearly expenses for your business such as rent, water bills and council rates will give your business the chance to add that to your tax deduction
• Claim back all of your small business purchases, they end up adding up in the long run
• If you know that you haven’t been up to date or on time with tax for this year, then you should be looking at ways to maximise your tax return for the coming year

When you look at tax from a different perspective, it is important to understand that anything is possible for your business. Our Melbourne small business accountants in Sydney will try their best to ensure that you get the most out of tax time each year.

As always, feel free to get in contact with our small business accountants in Melbourne or you can check out our services here.