SUBJECT – EVIDENCE – TAX
Hi I'm Kath Appleby, Business Structure Advisor at MWL Financial Group
If an expense is subject to substantiation, it must be supported by particular forms of written evidence – if not, your claim is not deductible. In other cases, you need to provide sufficient evidence to satisfy us that you incurred the expense.
Generally, you need to keep your records for five years from the date you lodge your tax return. The ATO also request you provide enough information in a format that helps us to complete our review of your tax return.
For more information contact us at email@example.com and either me Justina Wongso or one of our experts will be more than happy to help.