Know the rules, keep records, understand YOUR tax position.
Tax is payable on your taxable income, which is the total or gross amount you receive from all earnings less allowable deductions and rebates. If you know your marginal tax rate and at what level the marginal rate will change, it can help with decisions about pay increases and expenses which may be claimed as deductions.
For a better tax return, lodge on time, keep documents, understand deductions you can claim, include all income, and do it yourself (simple returns) or on line.
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