Interest and Penalties

Australia’s revenue system relies on taxpayers provided that correct information to set up their tax liability and paying the correct amount of tax on time.

To ensure the system is fair for everyone:

  • General Interest Charge is applied to an unpaid tax liability from the date it was due to be rewarded until it and the accrued interest charges are paid
  • Shortfall Interest Charge is applied where an added amount of tax is payable because of an amended assessment
  • Penalties are imposed for conduct such as not taking logical care in claiming a deduction to which you are not entitled, or making a false or misleading statement.

The interest charges are planned to ensure that taxpayers who underpay their tax for a period don’t receive an advantage over those who have paid their tax on time, and to pay off the community for the impact of late expenses.

The penalty provisions are planned to encourage taxpayers to take reasonable care in complying with their tax obligations.

The law provides ATO with the flexible power to remit (partially or in full) interest charges and penalties in certain circumstances.

For more information on myTax 2018, myGov 2018, Online Tax Return 2018 , or any other related matterplease contact us at 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

GET FREE Tax Refund estimate and Option of getting refund in 1 Hour, prior year Tax returns are also available, Just fill in your basic details on our website at www.taxrefundonspot.com.au or by emailing us on enquiry@taxrefundonspot.com.au we will check your employment history from ATO records, personal visit available at tax refund on spot.

We also have our separate department for Home loan, refinancing, car & truck loan.

Australian Taxation Office And MyGov Account

From late March 2015, the Australian Tax assessment Office (ATO) made it conceivable to interface a person’s myGov2018 record to their ATO account.

In this event that you have connected your ATO record to your myGov18 account the dominant part of your ATO letters and reports will come specifically to your myGov18 inbox, instead of through the post or to your expense operator. You will be advised by email or SMS, contingent upon your picked settings, that there is another message in your inbox.

Your assessment operator won’t be informed that they are being sent specifically to you, nor get a duplicate by post. On the off chance that you would incline toward your archives to go straightforwardly to your expense operator you should unlink your myGov18 account as takes after:

1. Go to your myGov account
2. Go to the Administrations page
3. Select the unlink symbol by the administration you wish to evacuate.

Sometimes it creates a lot of confusion and you need some professional help for your assessment, after all this is the mater of financials and your tax refund, it’s worth paying money to professionals rather than doing it by ourselves where the chances for errors are big.

If you have done something wrong with your tax return, it might become a headache for us as ATO and your return has been linked up with other authorities such as centre link, family tax benefits etc.

For more details, contact our professional and experienced accountants at TAX REFUND ON SPOT on the off chance that you have any questions, please don’t hesitate to contact our office on 1300 768 284.

If you need any more information  to Start Online Income Tax Return, or want to know about myTax 2018, myGov 2018, Tax Return 2018 Please contact our professional and experienced accountants at TAX REFUND ON SPOT on the off chance that you have any questions, please don’t hesitate to contact our office on 1300 768 284 or email us at enquiry@taxrefundonspot.com.au or Fill your details online at www.taxrefundonspot.com.au

MYGOV Linking

myGov is a fast and simple way to access government services online.

A secure myGov account lets you link a range of Australian Government services and access them all in one place.

When you create a myGov account, you’ll benefit from the following features:

  • myGov Inbox: a central and secure place where you can receive messages from:
    • Medicare
    • Australian Taxation Office
    • Centrelink
    • Child Support
    • Department of Veterans’ Affairs
    • National Disability Insurance Scheme

    Messages can include online letters, statements and other types of important information.

  • myGov Update Your Details service: a simple way for you to update your address and contact details in one place with participating member services
  • Manage ABN Connections: you can connect ABNs to your myGov account so that you can use your myGov username and password to access government business online services. Find out more on the Australian Business Register’s Manage ABN Connections information page
  • myGov security codes: single use codes that you can use to sign in to your myGov account instead of answering your secret questions. If you choose to turn on myGov security codes, we will send a myGov security code as an SMS to your mobile phone each time you sign in that you will need to enter into myGov to access your account. By turning security codes on, you will also be able to access Manage ABN Connections. Find out more from the myGov security codes information page
  • myGov Inbox forwarding trial: we are running a trial with Australia Post’s MyPost Digital Mailbox that lets you have copies of the messages you receive in your myGov Inbox, forwarded to your MyPost Digital Mailbox, along with other mail from participating organisations
  • A growing range of member services including:
    • Medicare
    • Australian Taxation Office
    • Centrelink
    • Australian JobSearch
    • My Health Record
    • My Aged Care
    • Child Support
    • Department of Veterans’ Affairs
    • National Disability Insurance Scheme
    • Victorian Housing Register Application

For more information on Etax, myTax ATO, myGov and online tax return, please contact us at 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

MyTax Problems

myTax is system under MyGov whereby you can lodge your income tax return online through MyGov system. Mytax has replaced Etax completely and Etax is no longer in operation now

With Mytax, there is no professional help, you need to have good knowledge of tax laws specially tax deductions , offsets. You must use professional tax accountant if you tax return is complicated such as capital gain, rental properties, foreign income etc.

Lot of taxpayers complaint last year that system failed some time and they could not lodge mytax last year, some complained that they got refund after 1 month

We recommend that you try other option – our site and get free refund estimate from us and option of 1 Hour quick refund and then decide. We guarantee maximum legal tax refund.

For more information on Etax, myTax ATO, myGov and online tax return, please contact us at 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

MyGov Tax return

There were  some problems seen with myTax  under MyGov last year.

Taxpayers complaint of system failures, refund being delayed and not able to lodge . Many of customers came to us and told us that they got no help during filling under Mytax and they need professional help now

But serious issues have emerged with the protection and operability of the location, with users grumbling of being fastened out of their accounts, outages and different glitches.
A storm of criticism was aimed in mid-2015 at the myTax portal, coupled to the myGov system, for its performance at the tip of the 2014-2015 fiscal year as legion taxpayers tried to end their tax returns.
We recommend use of Professional tax agents since our fees is fully tax deductible and you can claim our fees as deduction in next financial year

Moreover, you don’t pay anything upfront . Fees can be taken out of your refund. We also provide option of 1 Hour quick refund

For more information on Etax, myTax ATO, myGov and online tax return, please contact us at 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

PROBLEMS IN MY TAX 2016

Customers have encountered lot of problems in using MyTax 2016.
Some of them are-:

– Long procedure of creating My Gov account
– Answering Strict ATO security question
– No help by Tax expert for any Tax queries
– ” Unresponsive script error” message coming on screen
– Taxpayers called ATO to fix issues and no answer by ATO
–  “we are experiencing technical issues error” while using Mytax
– “Currently testing is in progress on a possible repair to the issue ” message by ATO

In Nutshell, using MyTax requires lot of patience and very good Tax knowledge since there is no one to help you. ATO call center staff  are very busy in July-Oct and there is long wait (sometime 1 hour)

For more information on Etax, myTax ATO and online tax return, please contact us at 1300768284 or you can email us at enquiry@taxrefundonspot.com.au

Problems in MyTax ATO

Tax office has launched Mytax and has replaced mytax with E-Tax. So ETax will not be available in future. We will discuss some of the problems in MyTax as proposed by Tax Office.

(a) MyTax does not guarantee that all income – PAYG summary, interest, dividend is entered in tax return. Data is pre-filled but data will be entered only if it available. So the client has to check the pre-fill with actual figures since he/she may have more income that what is mentioned therein

(b) It is 100% Online system and there is no professional help available, So if you want to claim some expenses and you are not sure, then bad luck.

(c) If you claim wrong expenses or more extra deductions, you face penalties from Tax office. Tax office normally audits tax returns after 1-2 years, so be ready for ATO audit letter

(d) Normal tax refund timings is 2 weeks, So if you want money urgently, then there is no option.

We have solved all the above problems. Our fees is 100% Tax deductible, our accountant will legally maximize your tax refund and we provide 1 hour tax refund option

For more information on Etax, myTax ATO and online tax return, please contact us at 1300768284 or you can email us at enquiry@taxrefundonspot.com.au