Ms O'Dwyer, the Minister for Small Business and Assistant Treasurer, has announced that sole traders and contractors will be eligible to use myTax from 1 July this year.
“Over 1.7 million individuals lodged their tax return using myTax last year and this number is expected increase this year,” Minister O’Dwyer said.
“With its expanded eligibility, over three million individuals and sole traders are expected to lodge their tax return using myTax this year."
Ms O'Dwyer noted that sole traders can look forward to a streamlined, contemporary online experience for lodging their tax return.
“Sole traders and contractors will be able to access new online tools to assist with more complex parts of their tax return, for example personal services income, depreciation, and the small business income tax offset."
She added: “I encourage all individuals and sole traders to try out myTax."
The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day
TRENDING
