There’s nothing like a
deadline to inspire action. So if you’re preparing to lodge your first tax
return online, here’s yours: October 31.That’s the date you’ll need to have
the whole kit and caboodle sorted if you’re doing it yourself.
Figure out if you need to lodge
important to check, because even if you have a casual, after-school job you may
not need to lodge a return,” says Australian Tax Office assistant
commissioner Graham Whyte.
example, if you earned below the tax-free threshold and didn’t have any tax
taken out by your employer throughout the year.”
If it turns out you don’t need to lodge a return, you’ll just need to fill out a non-lodgment advice form via the myGov website.
if your boss has been deducting tax from your wages, and you’ve earn less than
$18,200 over the year, lodge a return as soon as you can. You should get your
refund in 12 days or less.
The ATO has two different options. For straightforward returns, use MyTax on your tablet, smartphone or computer.
automatically fills out tax returns with information provided by employers,
banks, government agencies and others. Just double-check the pre-filled
information and add any missing details.
For more complex tax scenarios, E-tax is your best bet, and must be accessed online via a PC or Mac.
Creating your online account
it’s your first time, you’ll need to create an online myGov account. Have your
birth certificate, passport or citizenship certificate handy, and follow the
Claim all you can
need to remember three golden rules, Whyte says.
get a deduction for a work-related expense you must have spent the money
yourself, it must be related to your job and not a private expense and in most
cases you must have a record to prove it.
you keep that in mind you can’t go wrong.”
For more information on myTax 2019, online tax return 2019, myGov 2019, Tax Return 2019 , or any other tax related matter, please call our professional accountant on 1300 768 284 . For more information please contact us at 1300768284 or you can email us at email@example.com