Scrap tax returns and save on accounting fees, says think tank

Australia should introduce an opt-in standardised $3,000 deduction covering work-related expenses and other personal deductions to simplify the tax system and save Australians money on accountants, says one think tank.

by | 26 Apr, 2021

The Blueprint Institute on Tuesday released a report titled Bye–Bye Tax Returns which proposes the federal government introduce a $3,000 standardised deduction to help taxpayers avoid the paperwork and costs associated with preparing and submitting tax returns. 

Read more at the Accountants Daily.

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