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Discover key elements in individual tax returns, from income and deductions to Medicare, spouse disclosures and more.
Includes individual tax return demo on Xero Tax.
In this session, we cover:
Tax Residency for Individuals
Income & Supplementary Questions
Salary or wages
Personal services income (PSI)
Net income or loss from business
Foreign source income and foreign assets or property
Influencers & the Gig Economy Income & Deductions
Deductions & Supplementary Questions
Work-related car expenses
Work-related clothing, laundry and dry-cleaning expenses
Work-related self-education expenses
Other work-related expenses
Interest & dividend deductions
Cost of managing tax affairs
Personal superannuation contributions