Did you forget to include any of your income or deductions in your tax return? No worries, we can definitely help you by lodging an Amended Tax Return! For both individuals and small businesses, you have TWO YEARS from the initial lodgement date to lodge a relevant amendment. We encourage our clients to lodge an … Read more Amending your tax return
Are you struggling with completing your individual, sole trader or business tax return? We are here to help you to turn it into a very simple tax return process. We understand that TAX IS NOT FOR EVERYONE. For this, we have created a simple system for you to have a go (with instructions included!).You can … Read more Need Help?
The most popular question from every tax season is: “WHERE IS MY REFUND?” It is a great time now to discuss how we process your refund and what is the estimated timeframe for the Australian Taxation Office (ATO) to process your refund. Refund Process Lodge tax return: After you have lodged your tax return through … Read more Where is my refund?
Most people assume that because they earn below the taxable income threshold of $18,200, they do not need to lodge. ???? ???? ???? *Beep* ???? ???? ???? ❌False! ❌ You would still need to lodge a tax return to the ATO. If you have not lodged your 2019 tax return this year, you have until … Read more Could you be Missing out on Dough due to Overdue Tax Returns?
The Australian government first introduce the Luxury Car Tax (LCT) Law on the 1st July 2000 in congruence with the introduction of Goods and Services Tax (GST) and the removal of sales tax. LCT is an amount payable to the federal government inclusive of GST when a car is above a certain threshold. Currently, LCT … Read more The Pain of Luxury Cars Inflicted by Tax Laws
Good news! The Australian government has just announced a bigger tax offset for this year’s tax refund. If your taxable income falls below $126,000 you will be eligible for some of the low- and middle-income tax offset (LMITO). See how much you will get below: Taxable income LMITO $37,000 or less $255 $37,001 to $48,000 … Read more Bigger tax offset for Low to Middle Income Earners in 2019
People earning low-to-middle incomes will be hardest hit by rising average tax rates over the coming decade, the analysis released by the Parliamentary Budget Office found. But Treasurer Josh Frydenberg says under the government’s tax plan, low and middle income earners are receiving up to $530 in immediate relief each year.”Our personal income tax plan … Read more Income tax gets lower, fairer: treasurer
Tax commissioner says businesses need a plan for when the ATO goes down. Tax commissioner Chris Jordan has warned that the technical outages that have caused disruption for businesses are “a fact of modern life” and not going to cease. In the wake of continuing outages at the Australian Tax Office, Mr Jordan warned businesses and … Read more Tax boss warns outages are ‘a fact of modern life’