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Further tax tips

The Australian Tax Commissioner Michael Carmody recently identified his intention to pay closer attention to small-medium size business and individuals on issues of tax obligation compliance and work related deductions (Business Review Weekly, June 2004).

By the same token, as Carmody himself has acknowledged, tax law is so "absurdly complex" that both taxpayers and tax officers often have trouble understanding it! Knowing this, his plans include an intention to increase 'educational auditing' of one-person enterprises to check record-keeping and return preparation methods. So be fiscally squared and prepared!

Last update: June, 2009