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Day: March 8, 2024

Do I need to keep receipts?

This article provides insights into the importance of keeping receipts for tax purposes and the modern approach of using digital and photographic receipts in Australia. It covers the significance of receipts, the acceptance of digital receipts by the ATO, best practices for managing digital receipts, the role of accounting software, and the benefits of this digital transition. This approach is emphasized as a convenient, efficient, and environmentally friendly method of handling tax documentation.

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