With the end of the financial year fast approaching, many people start looking for quick answers about deductions, income reporting, and how to get the best result on their tax return.
And while it might be tempting to ask Google – or even ChatGPT – for guidance, there’s no substitute for tailored, professional advice when it comes to tax.
There has been a trend in people increasingly relying on online forums, social media, and AI-generated content for tax-related decisions. While some general information can be helpful, it’s often too broad, outdated, or simply incorrect for your specific situation.
The reality is: your tax circumstances are unique. What applies to one person or business may not apply to you. Making assumptions based on generic advice could mean:
- Missing out on deductions you’re actually entitled to
- Claiming items incorrectly and risking ATO scrutiny
- Overpaying tax unnecessarily
As accountants, we work with you to understand your individual or business circumstances. Whether it’s structuring your finances, planning for tax time, or ensuring you’re meeting all your obligations, our role is to help you get it right for the first time.
So if you’re unsure about anything this financial year — work-related deductions, capital gains, business reporting, or super contributions — don’t leave it to guesswork.
