The financial year cycle for Australians starts from the 1st July in the previous year and ends on 30th June in the current year. When reporting to the government your financial activities you will be using transactions that were incurred during that period of time. Nobody likes to pay tax yet for some we don’t know what we should be claiming for to help us legally minimise our tax. One popular method to help minimise your tax is to declare your work related travel expenses.
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