Getting Into Bed With Tax Part 2

Following on from our Part 1 Tax Episode where we learned what tax is and why we pay it, we jump straight back under the covers to discuss how to lodge a tax return.Expect to learn:Our 5-step process when lodging a tax returnWork-related deductions you could claimWhy your income statement is so importantTiming SegmentsHow to lodge a tax return -1min 30secHow Jake and Callum lodged a tax return - 3min 30secHow the government knows how much tax you pay - 4min 04secTax rates under 18 years old - 9min 40secThe tax you pay as a minor who has left school or full-time worker - 11min 50secMoney in the news - 12min 33secDeductions - 14 min 12 sec5-step guide to lodging a tax return - 24 Min 30 secRecommended book - 32 min 30 SecURLATO - https://my.gov.au/en/about/help/mygov-website/link-services-to-your-account/link-the-australian-taxation-officeDeductions you can claim - https://www.ato.gov.au/individuals/income-deductions-offsets-and-records/deductions-you-can-claim/Money in the news - https://www.accc.gov.au/consumers/petrol-and-fuelRecommended book - https://www.aureusfinancial.com.au/enjoy-the-journey/Contact InfoEmail - [email protected] - DowntofinancepodcastDisclosure statementPlease be aware that we are not financial advisors and the content presented in our show "Down to Finance" is intended for educational purposes only. Any information, insights or opinions that are shared on the show are not to be construed as financial advice. We strongly recommend consulting with a qualified financial professional before making any financial decisions. Your financial situation and goals are unique, and professional guidance is essential in order to address your specific needs and circumstances Hosted on Acast. See acast.com/privacy for more information.