New survey debunks myths of tax time.

 

Officeworks has highlighted its suite of small business assistance services in the lead up to the end-of-financial year season.

 

Research commissioned by Officeworks has revealed that two thirds (66 per cent) of Australian business owners find the current tax system confusing - a slight increase on 2023 (62 per cent).

 

To counter the “confusion”, Officeworks has commissioned finance expert Natasha Jansenns to debunk some of the myths surrounding tax returns.

 

Common tax time myths:

Jim Berndelis, Officeworks general manager- merchandise, said: "We’re in a unique position at Officeworks where absolutely everything could be tax deductible, so whether customers are looking to upgrade their work-from-home set-up, invest in new tech, or stock up on office essentials, they can be confident they’re getting the best value on everything they need this tax season.” 

 

Despite the common claim confusion, over two in five Australians (44 per cent) said they feel relieved when they complete their personal tax return process and a third feel a sense of accomplishment (33 per cent).

 

Small business leaders echo this sentiment, with almost half (48 per cent) saying they also feel relieved when they complete their business tax return process, and one third (32 per cent) feel a sense of accomplishment.