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Can you believe it’s almost June? Where has this year gone? As the end of May approaches we thought we’d better start throwing some ideas together to help Liverpool residents prepare for the silly season ahead. Of course we’re not speaking of Christmas in July or the approaching winter holidays, we’re talking about the mid-year event that has grown men and women everywhere turning their houses upside down in search of that elusive receipt required for a deduction – Oh yes, it’s tax time!
Naturally, if you’re one of the few who keeps detailed records of all income and expenditures, log books for vehicles, and neatly files all paperwork and receipts away, you’re likely to see tax time as nothing more than a slight hiccup to your usual well organised week. However, if you’re like most of the population, you’re likely to be in need of a little help getting yourself tax ready before the end of June. Here are a few tips to get you started:
Whether you’re planning to lodge your assessment yourself or use a registered tax agent or Liverpool accountant, it’s a good idea to start thinking ahead and begin collating all the required information. This will certainly lessen the headache in front of you as we head towards the end of June.
Will you be completing your own return, or do you rely on the advice of experts at tax time?