Navigating Tax Obligations Seamlessly with MyTax 2024

As the fiscal year kicks off, Australians gear up for managing their tax affairs, and MyTax emerges as a vital online tool provided by the Australian Taxation Office (ATO). In this blog post, let’s delve into the functionalities, benefits, and insights offered by MyTax for the year 2024.

For more details please contact us 1300 768 284.

Understanding MyTax for 2024

Introduction to MyTax:
MyTax is an online service offered by the ATO, designed to simplify the process of lodging tax returns electronically.

Purpose and Features:

  1. Simplifies tax return lodgement by providing a user-friendly interface for individuals to electronically file their tax returns securely.
  2. Offers pre-filled details based on previous submissions and ATO records, enhancing accuracy and streamlining the process.

Send queries via email and an accountant will call you.

Navigating MyTax for 2024

Accessing MyTax:
Log in to the ATO’s online services via myGov or directly on the ATO website to access the MyTax portal for the year 2024.
Filing Your Tax Return:
Input accurate financial information, including income sources, deductions, investments, and other relevant details required for tax return lodgement.
Review and Submission:
Thoroughly review all entered details for accuracy and completeness before electronically submitting the tax return through the MyTax platform.

Visit us and Claim Maximum Legal Tax refund

Advantages of MyTax for 2024

Convenience and Accessibility:
Provides a user-friendly and accessible platform, allowing individuals to manage their tax obligations conveniently from any location with an internet connection.
Efficiency and Accuracy:
Ensures accurate submissions and potentially faster processing compared to traditional paper-based methods.
Record-Keeping and Accessibility:
Maintains accessible records of submissions for future reference or review.

Register and lodge with us! We are located in Blacktown, Sydney!

Final Thoughts

MyTax for the year 2024 stands as an efficient and modern solution for managing tax returns. By leveraging this online platform, individuals can simplify their tax filing process, ensuring accuracy, accessibility, and potential efficiency in processing returns.

For those seeking a straightforward and accessible method to fulfill their tax obligations, MyTax continues to be a reliable option.

This blog post aims to guide readers through the functionalities and benefits of using MyTax for the year 2024, emphasizing its convenience, accuracy, and efficiency in managing tax returns for individuals in Australia.

Kindly register on our website for more information

Whether you’re in Blacktown, Sydney, Brisbane, Perth, North Sydney, Liverpool, Norwest, Newcastle, Wollongong, Adelaide or anywhere in Australia, seeking the assistance of a Certified Practising Accountant or Tax Agent (Tax Refund on Spot) can simplify your tax-related tasks and contribute to your overall financial success. Please register online and talk to our accountant for detailed discussion. We will ensure that we claim maximum deductions for you. Thanks to all our clients for using our services.
If you need any more information  to Start Online Income Tax Return, or want to know about Online Tax Return 2024Tax Return 2024, myGov 2024, myTax 2024 Please contact our Tax accountant on 1300 768 284 or email us or fill your details online.

Expedite Your Tax Returns: Quick Tax Return for 2024

Tax Refund on Spot (Tax agent in Sydney) is an invaluable resource for ensuring tax compliance, maximizing financial benefits, and minimizing stress. By partnering with a trusted tax professional, individuals and businesses can navigate the the complexities of the Australian tax system with confidence and ease.

As the new fiscal year unfolds, Australians are eager to efficiently manage their tax obligations, aiming to secure quick tax returns. In this blog post, we’ll explore strategies and insights on obtaining a speedy tax return in 2024.

For more details please contact us 1300 768 284.

Understanding the Importance of a Quick Tax Return

Financial Efficiency:
Quick tax returns provide timely access to funds, enabling individuals to address immediate financial needs or utilize the refunds for savings or investments.

Reduced Waiting Time:
Minimizing the waiting period for a tax return ensures faster access to funds, aiding in financial planning and potentially reducing cash flow constraints.

Register and lodge with us! We are located in Blacktown, Sydney!

Strategies for Obtaining a Quick Tax Return in 2024

File Early:
Filing tax returns promptly after the end of the financial year increases the likelihood of receiving a quicker refund.
Accuracy and Completeness:
Ensuring tax returns are accurate and complete reduces the chances of delays due to errors or additional information requests from the tax office.
Electronic Lodgement:
Utilizing electronic lodgement methods, such as MyTax or eTax services, often expedites processing compared to paper-based submissions.
Preparation and Documentation:
Organizing necessary documents, such as income statements, deductions, and receipts, beforehand can streamline the filing process and expedite refunds.

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Final Considerations

Check Refund Status:
Regularly monitoring the status of the tax refund through the ATO’s online services or myGov portal keeps individuals informed about the progress.
Consulting Tax Professionals:
Seeking advice from tax professionals can provide insights into maximizing deductions and ensuring accurate submissions, potentially expediting refunds.

Send queries via email and an accountant will call you.

Conclusion

Achieving a quick tax return in 2024 is attainable through strategic planning and adherence to efficient filing practices. By filing early, ensuring accuracy, and using electronic lodgement methods, individuals can expedite the refund process, providing financial relief and aiding in better financial planning.

This blog post aims to provide strategies and insights for individuals aiming to secure a quick tax return in the year 2024, emphasizing efficiency and practical steps to expedite the refund process.

Kindly register on our website for more information

Whether you’re in Blacktown, Sydney, Brisbane, Perth, North Sydney, Liverpool, Norwest, Newcastle, Wollongong, Adelaide or anywhere in Australia, seeking the assistance of a Certified Practising Accountant or Tax Agent (Tax Refund on Spot) can simplify your tax-related tasks and contribute to your overall financial success. Please register online and talk to our accountant for detailed discussion. We will ensure that we claim maximum deductions for you. Thanks to all our clients for using our services.
If you need any more information  to Start Online Income Tax Return, or want to know about Online Tax Return 2024Tax Return 2024, myGov 2024, myTax 2024 Please contact our Tax accountant on 1300 768 284 or email us or fill your details online.

eTax Australia 2024: Streamlining Your Tax Management

Tax Refund On Spot have lodged over 100,000 tax returns so far with Australian Taxation office.GST, Income tax returns of all types- PAYG, business, self-employed, company , trust , superannuation etc.

Our staffs here are qualified accountants and are experienced in handling all tax matters. Our objective is to maximize your deductions and get you the maximum tax refund. As Australians prepare for their fiscal responsibilities, eTax continues to stand as a pivotal tool for managing tax affairs. In this article, we’ll explore the functionalities, benefits, and insights associated with eTax in Australia, considering its potential relevance for the year 2024.

For more details please contact us 1300 768 284.

Understanding eTax Australia 2024

Introduction to eTax:
eTax remains an online service provided by the Australian Taxation Office (ATO) that enables individuals to electronically lodge their tax returns.
Purpose and Features:

  1. Simplifies the tax return process, offering a user-friendly interface for electronic lodgement.
  2. Enhances efficiency by pre-filling certain details based on previous submissions and ATO records.

Register and lodge with us! We are located in Blacktown, Sydney!

Navigating eTax in Australia for 2024

Accessing the eTax Portal:
Log in to the ATO’s online services via myGov or directly on the ATO website to access the eTax portal for the year 2024.
Filing Your Tax Return:
Enter accurate financial information, including income sources, deductions, investments, and other relevant details required for tax return lodgement.
Review and Submission:
Thoroughly review all entered details for accuracy and completeness before electronically submitting the tax return through the eTax platform.

Register and lodge with us! We are located in Blacktown, Sydney!

Advantages of eTax in Australia for 2024

Convenience and Accessibility:
Offers a user-friendly and accessible platform, allowing individuals to manage their tax obligations conveniently from any location with an internet connection.
Efficiency and Accuracy:
Ensures accurate submissions and potentially faster processing compared to traditional paper-based methods.
Record-Keeping and Accessibility:
Maintains accessible records of submissions for future reference or review.

Register and get $20 upfront!

Final Thoughts

eTax in Australia continues to provide individuals with a modern and efficient means to manage their tax affairs. By utilizing this online platform, individuals can simplify their tax return process, ensuring accuracy, accessibility, and potential efficiency in processing returns.

For the most up-to-date information and specific updates related to eTax in Australia for the year 2024, individuals are encouraged to refer to official ATO resources or consult with a qualified tax professional.

Send queries via email and an accountant will call you.

This general guide aims to provide insights into eTax in Australia, highlighting its functionalities and potential relevance for the year 2024 based on its existing processes and functionalities.

Kindly register on our website for more information

Whether you’re in Blacktown, Sydney, Brisbane, Perth, North Sydney, Liverpool, Norwest, Newcastle, Wollongong, Adelaide or anywhere in Australia, seeking the assistance of a Certified Practising Accountant or Tax Agent (Tax Refund on Spot) can simplify your tax-related tasks and contribute to your overall financial success. Please register online and talk to our accountant for detailed discussion. We will ensure that we claim maximum deductions for you. Thanks to all our clients for using our services.
If you need any more information  to Start Online Income Tax Return, or want to know about Online Tax Return 2024Tax Return 2024, myGov 2024, myTax 2024 Please contact our Tax accountant on 1300 768 284 or email us or fill your details online.

Simplifying Your Tax Return: Exploring eTax 2024

Tax Refund on Spot (Tax agent in Sydney) is an invaluable resource for ensuring tax compliance, maximizing financial benefits, and minimizing stress. By partnering with a trusted tax professional, individuals and businesses can navigate the the complexities of the Australian tax system with confidence and ease.

As the new financial year begins, Australians prepare to fulfill their tax obligations, with the Australian Taxation Office (ATO) offering the eTax platform for a seamless and efficient tax return process. Let’s delve into the functionalities, benefits, and insights offered by eTax for the year 2024.

For more details please contact us 1300 768 284.

Understanding eTax

Introduction to eTax:
eTax is an online service provided by the ATO, allowing individuals to electronically lodge their tax returns.

Purpose and Features:

  1. Simplifies the tax return process, offering a user-friendly interface for easy electronic lodgement.
  2. Provides efficiency by pre-filling certain details based on previous submissions and ATO records.
Navigating eTax for 2024

Accessing the eTax Platform:
Log in to the ATO’s online services via myGov or directly on the ATO website to access the eTax portal for the year 2024.
Filing Your Tax Return:
Input accurate financial information including income sources, deductions, investments, and other relevant details required for tax return lodgement.
Review and Submission:
Thoroughly review all entered details for accuracy and completeness before electronically submitting the tax return through the eTax platform.

Visit us and Claim Maximum Legal Tax refund

Advantages of eTax for 2024

Convenience and Accessibility:
Offers a user-friendly and accessible platform, allowing individuals to manage their tax obligationsconveniently from any location with an internet connection.
Efficiency and Accuracy:
Ensures accurate submissions and potentially faster processing compared to traditional paper-based methods.
Record-Keeping and Accessibility:
Maintains accessible records of submissions for future reference or review.

Register and lodge with us! We are located in Blacktown, Sydney!

Final Thoughts

eTax for the year 2024 provides Australians with a modern and efficient means to manage their tax affairs. By utilizing this online platform, individuals can simplify their tax return process, ensuring accuracy, accessibility, and potential efficiency in processing returns.

For those seeking a user-friendly and accessible solution to fulfill their tax obligations, eTax stands as a practical and reliable option.

This blog post aims to provide insights into the functionalities and benefits of using eTax for the year 2024, emphasizing its convenience, accuracy, and efficiency in managing tax returns for individuals in Australia.

Kindly register on our website for more information

Whether you’re in Blacktown, Sydney, Brisbane, Perth, North Sydney, Liverpool, Norwest, Newcastle, Wollongong, Adelaide or anywhere in Australia, seeking the assistance of a Certified Practising Accountant or Tax Agent (Tax Refund on Spot) can simplify your tax-related tasks and contribute to your overall financial success. Please register online and talk to our accountant for detailed discussion. We will ensure that we claim maximum deductions for you. Thanks to all our clients for using our services.
If you need any more information  to Start Online Income Tax Return, or want to know about Online Tax Return 2024Tax Return 2024, myGov 2024, myTax 2024 Please contact our Tax accountant on 1300 768 284 or email us or fill your details online.

Embracing Efficiency: Understanding eTax Return 2024

Here in Tax Refund On Spot, you can register and get $20 upfront!

Our staffs here are qualified accountants and are experienced in handling all tax matters. Our objective is to maximize your deductions and get you the maximum tax refund. As the new financial year unfolds, Australians gear up for their tax obligations, eagerly anticipating their tax refunds. The eTax refund for the year 2024 offers a streamlined and efficient way to secure owed refunds online. Let’s explore the process and benefits of obtaining your eTax refund for 2024.

For more details please contact us 1300 768 284.

What is eTax?

eTax refers to the online platform provided by the Australian Taxation Office (ATO) for individuals to electronically lodge their tax returns.

Purpose and Features

User-Friendly Interface: Offers a simplified and intuitive online environment for tax return lodgement.
Pre-Filling of Data: Automatically pre-fills certain information based on previous submissions and ATO records, reducing manual entry.

Visit us and Claim Maximum Legal Tax refund

Navigating eTax Return for 2024

Accessing the eTax Portal: Log in to the ATO’s online services via myGov or directly through the ATO website to access the eTax portal for the year 2024.
Filling Out Your Tax Return: Accurately input all required information regarding income, deductions, and other relevant financial details for the year 2024.
Verification and Submission: Review the tax return for completeness and accuracy before electronically submitting it through the eTax platform.
Post-Submission Updates: Stay updated on the processing status and potential refund details through ATO’s online tools after submission.

Send queries via email and an accountant will call you.

Benefits of eTax Return for 2024

Convenience and Accessibility: Offers a user-friendly online interface accessible from anywhere with an internet connection,
simplifying the tax return process.
Time Efficiency: Expedited processing compared to traditional paper-based lodgements, potentially resulting in quicker refunds.
Accuracy and Record-Keeping: Ensures accurate submissions and provides accessible records for future reference or review.

Register and lodge with us! We are located in Blacktown, Sydney!

Tips for a Smooth eTax Return Experience

Prompt Lodgement: File your tax return promptly to expedite processing and potentially receive refunds sooner.
Data Accuracy: Ensure all information aligns with ATO records to avoid processing delays or discrepancie
Utilize ATO Tools: Leverage the ATO’s online tools to track the status of your return and potential refund details.

Final Thoughts

The eTax return for 2024 serves as a convenient, efficient, and user-friendly platform for Australians to fulfill their tax obligations. By utilizing this online tool, individuals can streamline their tax return process, ensuring accuracy, accessibility,  and potential efficiency in processing refunds.

For those seeking a hassle-free and efficient tax return experience, eTax stands as an optimal solution to manage their tax affairs.

This blog post aims to provide insights into the functionalities and advantages of using the eTax return platform for the year 2024, emphasizing its role in simplifying tax return lodgements, promoting efficiency, accuracy, and accessibility for individuals in Australia.

Check our website for more information

Whether you’re in Blacktown, Sydney, Brisbane, Perth, North Sydney, Liverpool, Norwest, Newcastle, Wollongong, Adelaide or anywhere in Australia, seeking the assistance of a Certified Practising Accountant or Tax Agent (Tax Refund on Spot) can simplify your tax-related tasks and contribute to your overall financial success. Please register online and talk to our accountant for detailed discussion. We will ensure that we claim maximum deductions for you. Thanks to all our clients for using our services.
If you need any more information  to Start Online Income Tax Return, or want to know about Online Tax Return 2024Tax Return 2024, myGov 2024, myTax 2024 Please contact our Tax accountant on 1300 768 284 or email us or fill your details online.

Simplifying Tax Matters: MyTax Agent Services in Sydney

Tax-related affairs can often be complex, and engaging the services of a MyTax agent in Sydney can be an efficient way to navigate these complexities. Let’s explore the benefits and services offered by MyTax agents and how they can assist individuals and businesses in managing their tax responsibilities effectively.
For more details please contact us 1300 768 284.
Understanding MyTax Agents
1. What is MyTax? MyTax is a digital platform developed by the Australian Taxation Office (ATO) that simplifies the process of lodging tax returns. MyTax agents are qualified professionals who offer personalized tax assistance and utilize the MyTax system to help individuals and businesses file their tax returns accurately.
Talk to our tax experts for more information.
2. Services Offered by MyTax Agents Tax Lodgment: MyTax agents assist in accurately filing tax returns using the MyTax platform, ensuring compliance with taxation laws. Tax Planning: They offer advice on tax planning strategies to optimize deductions, credits, and financial planning for individuals and businesses.
Register with us and Claim Maximum Legal Tax refund!
Financial Consultation: MyTax agents provide expert guidance on various financial matters, helping clients make informed decisions.
Advantages of Engaging a MyTax Agent in Sydney
Expertise and Qualifications: MyTax agents in Sydney are qualified professionals with in-depth knowledge of tax laws and regulations. Personalized Assistance: They offer tailored advice, taking into account individual or business-specific financial situations.
Register with us and get $20 upfront!
Convenience: MyTax agents use the online MyTax system, offering a convenient and accessible way to manage tax obligations without physical visits. Maximized Deductions and Refunds: By leveraging their expertise, MyTax agents aim to maximize deductions and potential tax refunds for their clients.
Choosing the Right MyTax Agent in Sydney
Credentials and Experience: Look for certified MyTax agents with experience in handling diverse tax scenarios. Service Offerings: Ensure the agent provides the specific services aligned with your tax-related needs. Client Testimonials: Check for reviews or testimonials to gauge the agent’s reliability and service quality.
Kindly register on our website for more information.
Final Thoughts
Engaging a MyTax agent in Sydney offers personalized, expert tax assistance, streamlining the tax-filing process for individuals and businesses. By leveraging their knowledge and using the MyTax platform, these professionals provide valuable guidance to ensure compliance and maximize tax benefits. For those navigating complex tax matters, consulting a MyTax agent can offer clarity, accuracy, and peace of mind in managing tax-related affairs effectively. Get access to a budget friendly but experienced tax agents. This blog post aims to showcase the services and advantages of engaging a MyTax agent in Sydney, emphasizing their expertise, personalized assistance, and convenience in managing tax obligations for individuals and businesses.
Whether you’re in Blacktown, Sydney, Brisbane, Perth, North Sydney, Liverpool, Norwest, Newcastle, Wollongong, Adelaide or anywhere in Australia, seeking the assistance of a Certified Practising Accountant or Tax Agent (Tax Refund on Spot) can simplify your tax-related tasks and contribute to your overall financial success. Please register online and talk to our accountant for detailed discussion. We will ensure that we claim maximum deductions for you. Thanks to all our clients for using our services.
If you need any more information  to Start Online Income Tax Return, or want to know about Online Tax Return 2024Tax Return 2024, myGov 2024, myTax 2024 Please contact our Tax accountant on 1300 768 284 or email us or fill your details online.

Record Keeping

Whether you are doing a job or you’re doing business you need to keep your tax records so tax records means whatever is your income you have to account it properly and whatever deductions you are claiming, whatever expenses you are claiming from a job or from a business, you need to keep a proper record so that in case it audits you, you should have a proper record that i have claimed this much expense and the basis of calculation is are these documents.

Now what are those documents on the basis of which you can claim those deductions this is called record keeping. What are those records which you need to maintain:

The first is a diary you need to keep a diary where you went and like whom did you meet what time did you go.

The second is a log book this is specifically for car. If you are claiming car expense then you need to

keep a log book.

Third is receipts. When you make a payment to supplier, supplier issues you receipt that i have received this amount that you know. Next is tax invoice so the tax invoice has got few important things in that name of supplier, ABN number, services rendered, date of supply, GST included or not name and address of the supplier. So all these things come in the tax invoice of your supplier.

Supplier means the person from whom you are buying the services and you are paying for his services or his goods that is called tax invoice.

Next is a bank statement or a credit card statement which is a proof that you have made the

Payment.

Next is your supplier statement. If you buy on a credit then supplier issues you with some statement sometime monthly, weekly or your contract which you have with your customer and with your supplier.

Now the important thing is which one is the most important you need to keep all these records but

but which one is most important? The most important is tax invoice because even though you have made some payment to supplier for example you paid ten thousand dollars to a supplier. Well it doesn’t mean that it is all tax deductible you might have paid him a loan or you might have paid as a gift so to claim it as an expense you should have a tax invoice. Tax invoice will show that why did you paid him so tax invoice is a very important document which you should have whenever you make a payment to your supplier.

 

For more information on online tax return 2021Tax Return 2021, myGov 2021, myTax 2021 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

My Deduction record keeping tool by ATO for 2021-22

Records you keep don’t need to be in paper structure. myDeductions is a record-keeping instrument that makes it simpler for you to monitor your records carefully. 

We perceive records you store electronically as archives; this incorporates photographs of your receipts. 

Sole brokers with straightforward undertakings can likewise utilize it to help monitor their business pay and costs. 

You can transfer your records from the myDeductions apparatus and pre-fill your myTax return. In the event that you utilize an enrolled charge specialist, you can email your records straightforwardly to them. 

The myDeductions device permits you to keep your records carefully in one spot during the pay year for:

  • all business-related costs (counting vehicle trips) 
  • interest and profit allowances 
  • endowments or gifts 
  • expenses of overseeing charge undertakings 
  • sole broker costs and business pay 
  • different derivations.

Record keeping exceptions

Record keeping exemptions are accessible to simplify everything – they don’t permit you to guarantee a programmed derivation.

In certain conditions you may not require receipts, yet you can in any case have to show you went through the cash and how you work out your case. 

In the event that you can’t get a receipt from a provider, you can in any case guarantee an allowance on the off chance that we are fulfilled that the nature and nature of the proof shows you went through the cash and are qualified to guarantee a derivation. Proof of your costs can incorporate a bank or financial record that shows the sum that was paid, when and what it’s identity was paid to just as different archives that lay out the idea of the products or administrations given. 

In the event that you pay money to a provider and have no other documentation to help your case, you won’t have adequate proof to guarantee a derivation.

For more information on online tax return 2021Tax Return 2021, myGov 2021, myTax 2021 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

How long to keep your records

By and large, you should save your composed proof for a long time from the date you stop your assessment form.

There are some more explicit circumstances. In the event that you: 

  • guarantee a derivation for decrease in benefit of deteriorating resources – save records for a long time from the date of your last case for decrease in esteem 
  • get or discard a resource – save records for the five years after it is sure that no capital increases charge (CGT) occasion can occur 
  • are in question with us – save records for the later of all things considered 
  • a long time from the date you hold up your expense form 
  • a long time from the date the debate is settled.

Format of your records

You can keep your records on paper or in an advanced organization. On the off chance that you make paper or advanced duplicates, they should be a valid and clear duplicate of the first. 

We suggest you keep a back-up of all your computerized records. 

Your reports should be in English except if you cause the cost outside Australia. 

In the event that you guarantee an allowance, you should have records to show how you work out your cases. Records are typically a receipt from the provider of the products or administrations. A receipt should show the:

  • name of the provider 
  • measure of the cost 
  • nature of the merchandise or administrations 
  • date the cost was paid 
  • date of the report.

For more information on online tax return 2021Tax Return 2021, myGov 2021, myTax 2021 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

Records you need to keep

You need to save records for a very long time (by and large) from the date you hold up your assessment form. Records may incorporate pay articulations, instalment synopses and receipts. You will get reports that are significant for doing your expense during the pay year.

The significance of keeping records 

  • Keeping great records helps you and your duty counsellor: 
  • to give composed proof of your pay and costs 
  • set up your expense form 
  • to guarantee you can guarantee every one of your qualifications 
  • demonstrate the data you gave in your expense form (in the event that we ask you)
  • lessen the danger of duty reviews and changes 
  • improve correspondence with us 
  • resolve gives that identify with a question of your evaluations or changes 
  • stay away from openness to punishments.

Keeping great records lessens the expense of dealing with your duty issues. In the event that you utilize an expense guide, you can diminish the time they spend arranging and setting up your records. This will give them more opportunity to guarantee you guarantee your privileges.

For more information on online tax return 2021Tax Return 2021, myGov 2021, myTax 2021 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

Assets and Partner Income Tests

The assets test and liquid assets like $5,500 for single’s savings and $11,000 for family will be reintroduced for income support payments. It applies from 25 September 2020.

Moreover, the partner income test had a higher threshold before COVID.

Please note that you may not be eligible if you are not earning an assessable income but your partner earns $80,238.89 per annum. By ATO guidelines the partner income test will increase from 25 cents for every dollar of partner income earned over $996 per fortnight which increased to 27 cents of partner income earned over $1,165 per fortnight.

Reintroduction of job seeking requirements and some changes by ATO

There are some changes of Job seeking requirements and their criteria reintroduced by ATO.

From 24 March 2020, Job seeking from ATO was suspended and they reintroduced from 9 June 2020.

The requirement by ATO includes:

  • Voluntary job searches from website
  • At least one phone or online appointment with a jobseeker’s employment services provider or with registered tax agent
  • Voluntary participation in activities, either online or in person, and
  • No payment suspensions or penalties for failure to comply.

We are registered tax agents here, we are ready to help you to get jobseeker payments and many more but it depends on case to case. You can contact us on 1300 768 284.

Book an appointment with our experts and get best consultation for any solution about tax.

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

Assessing if an employee has worked 20 hours or more

If you have confusion about what should happen if company’s employees worked for 20 hours or more and what is the procedure for assessment.

We will here to assist to get Government benefits for you.

Employers will get $1,200 per fortnight by ATO guidelines which is lower rate compared to previous payments for those employees who worked for 20 hours or more in company. Before 1 March 2020, it’s been average in 1 month in company.

Alternative test has been available by the commissioner of Taxation for those situations whose payment is not possible in February 2020. Please be note that jobkeeper payments are not allowed on a weekly basis.

Can I keep getting a JobKeeper until September?

If you are not sure till which month you definitely get jobkeeper payment, you can contact us for any solutions.

We are Registered Tax agents; we are here to help for your any questions.

If your business turnover still declined by 30% or more and your employees passed the eligibility criteria, you can claim until the end of September. You just need to fulfill the requirement for Continue to claim jobKeeper payment until the last jobkeeper fortnight which ends on 27 September 2020.

According to ATO assistant commissioner Andrew watson,“Once you’re in, you’re in at the end of September. If you meet the eligibility test once, you’re in it for the whole time. Once the test done by ATO according to situation, you will get fortnight jobkeeper payment.

For more information, you can book 30* minute free consultation with our expert, to book an appointment please contact us on 1300 768 284

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

If You Maintained an Invalid or Invalid Carer

You may be entitled to a tax offset if both of the following apply:

  • you maintained an invalid who was your
    • spouse
    • child aged 16 years or older
    • sibling aged 16 years or older
    • spouse’s child aged 16 years or older
    • spouse’s sibling aged 16 years or older
    • parent
    • spouse’s parent 
  • They may received either of one option:
    • a disability support pension 
    • a special needs disability support pension 
    • an invalidity service pension  

If you maintain an invalid carer who may belong to your spouse, parent or spouse’s parent so you may be entitled to tax offsets:

  • cared for your or your spouse’s invalid child aged 16 years or older, or your or your spouse’s sibling aged 16 years or older, and
  • either
    • received a carer payment or carer allowance  to that person who take care of individual
    • The person who deeply engage to care to a person has receiving
      • a disability support pension under the Social Security Act 1991
      • a special needs disability support pension under the Social Security Act 1991, or
      • an invalidity service pension under the Veterans’ Entitlement Act 1986.

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

BAS and GST record keeping tips

How to keep records for your BAS and GST:
  •  Always Keep receipts and records of all sales, fees, expenses, wages and other business costs to claim
  • Keep records in order and very appropriately like stocktake records and if you used motor vehicle so keep logbook
  • Reconcile sales documents with related bank statement
  • Use appropriate GST accounting method
  • If ABN (Australian Business number) not provided 
  • Keep all your tax invoices in order from last five year to till financial year

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

Overview of record-keeping rules for business

Ato will required to keep record for all transaction relating your tax and superannuation as you will be start your business or sale or close your business:

  • Taxpayer need to keep record for  your business’s income and expenses
  • Business documents includes election, choice, estimate, determination or calculation you make for your business’s tax and super affairs

To meet your record-keeping requirements and avoid mistakes and errors,  ensure you understand what records are important to claim in your business return and what not. As your business changes or grows, you may need to review what records you need to keep accordingly and claim easily.

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au