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End Of Financial Year 2023 - What Are The Key Changes?

The tax year is a period that spans a full calendar year and is used in accounting. The beginning of the Australian financial year is on July 1 and continues until the end of June the following year. At the close of each financial year, the owners of small businesses close their books and initiate the process of completing the necessary documentation and accounting for tax time. The Australian Taxation Office (ATO) receives tax returns from individuals and corporations beginning on July 1 and continuing through October 31. The ATO uses the information provided to calculate the amount of tax th

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End Of Financial Year 2023 - What Are The Key Changes?

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