What do I need to do when I comes to Tax return time?

Hi Dane.

There’s no magic tricks for getting more back at tax time unfortunately. But here’s some things to consider.

• Make sure your Pearler account is connected to Sharesight. This will allow you to go onto Sharesight to create a tax report for the financial year. You can give this to your accountant. A lot of the info comes up automatically with the ATO these days as the reporting systems have become smarter, so it’s getting easier each year.

• Consider how much phone/internet you use to manage your investments. Some of this is tax deductible since it’s a cost you pay in the process of earning investment income (provided your portfolio produces income). If you have any share newsletter subscriptions or other investment related things that you pay for these are also likely deductible.

Hope that helps.
Dave