Owing VS Knowing: How To Maximise Deductions

Pictured: Krystine Canny-Smith standing smiling in a black flowy dress with her hands in the pockets. Behind her is an image of a white building infront of a blue skue, there is a blue sign on the building that reads: "Income Tax".

This tax time, a lot of people have been asking me what they should be doing to maximise deductions.  It’s a great question, but a better one is… “What should I be doing between now and June 2026 to maximise deductions?”

ATO Tax Time Targets for 2024

Tax time is here once again, and we are all sitting quietly waiting to know what the ATO is going to be focusing on this year

ATO Tax Time Targets for 2023

Pictured, Director Amanda Wilkens standing in front of a stock picture of a blurred blue, red and yellow target with a bow pointing out.

In terms of individual income tax deductions, the ATO has announced that it is going to be focusing on four areas for the 2023 financial year