“Hot Tip” for record keeping

hot tips

Looking for a hot tip for record keeping?  Here you go:

The ATO have an app called myDeductions.It is designed for use by individuals claiming work related expenses as an employee, and is not for small business owners including sole traders.

So if you are an employee who has difficulty keeping track of your bits and pieces of paper, take a look.

You can use the myDeductions tool to:

  • capture and classify work-related expenses, gifts and donations, the cost of managing your tax affairs, expenses incurred in earning interest or dividends and other deductions
  • store photographs of receipts
  • record car trips

Take a look here.

You’re welcome!


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