Flourish Health & Wellbeing eMag - Latest Edition - Flipbook - Page 23
Common Mistakes to
Avoid
Claiming deductions without receipts
Missing extra income (e.g. side hustles,
crypto, shares)
Lodging late without an extension
Estimating expenses
Overclaiming or misclassifying work vs
personal expenses
Being accurate and honest is key. The ATO
uses data-matching to detect mistakes—
and penalties can apply if they find them.
Final tip: Don’t wait until the last minute.
Getting ahead, staying organised, and
seeking help if needed can make tax time
a lot less stressful—and might even lead to
a better outcome.
