Tax Record Keeping Tips – Pt. 3

Tax Record Keeping Tips - PART THREE

It’s okay to be vintage and do things the ‘old fashioned’ way.

Some people are computer people, some people are paper people.

Whatever type of person you are, there is a record-keeping option out there for you… 

Super Awesome Tip #5 – E-Mail? What is E-Mail?

Okay, so you are still living in the cave man era – no judgment from us!

We suggest keeping a diary – you will probably need a chisel … Joking... Joking…

But seriously, just keep a diary – have separate tabs for your expenses (you could use the categories mentioned in Part One) write them down and keep the receipts for them – if you can, photocopy your receipts (if you don’t have a photocopier, most post offices and libraries will photocopy stuff for you).

And just like above, total your expenses at the end of the year.

Super simple and super easy!

READ: Our Ultimate Super Awesome Recording Keeping Tips - Part One 

We understand that keeping track of your tax records throughout the year is difficult (and annoying), life gets in the way and there’s never enough time. But to get the most out of your tax return and receive the big fat refund that you deserve you need to keep those records!

Don’t forget - You must keep all your tax records and receipts for 5 years from the date you receive your Notice of Assessment.

And the best part.... record it all on our free gotax Deduction Grabber App.  Yep you heard it right.  That magical word .... FREE.

Just scan the QR code and it'll point you directly to the store.

Let Gotax do the work for you!

Note that the information provided is general in nature and subject to change, please contact one of our professionals who can evaluate your circumstances and provide more accurate advice to your current situation.