Sole traders are spending about six to seven hours on financial admin each week, the independent data confirmed.
is fast approaching but despite this, nearly half of all self-employed Australians have not lodged theirs.
"I guess what motivates behaviours is anticipated reward, so if you don't anticipate the reward - getting the return you expect - why would you do it?" self-employed Tasmanian counsellor and psychologist Jean-Pierre Viviers said. "In July, there's the early birds who are hoping for the great Australian lottery, which is the tax refund, or the tax rebate.He said people began posting on social media about their disappointment, which has disincentivised people.
"They are going to be clamping down on people who are late and they will be issuing fines, which is obviously a big concern," he said.
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