Running your own business in Australia comes with freedom, flexibility—and a fair bit of paperwork. If you’re a sole trader or small business owner with an ABN, you’re probably familiar with BAS statements, tax obligations, and the stress of tax season. The good news? With the help of an experienced tax agent, you might be able to get your tax refund on the spot—yes, cash in hand or in your bank account on the same day.
Let’s break down how it works and why working with a tax agent could save you time, stress, and even money.
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What is an ABN?
An ABN (Australian Business Number) is a unique 11-digit number that identifies your business to the government and community. It’s essential for invoicing, registering for GST, and lodging Business Activity Statements (BAS).
If you’re operating as a sole trader, freelancer, or contractor, you need an ABN to:
● Legally run your business
● Avoid having PAYG withheld from your payments
● Claim GST credits (if registered for GST)
What is a BAS Statement?
A Business Activity Statement (BAS) is a form submitted to the ATO (Australian Taxation Office) that reports your business’s tax obligations, including:
● Goods and Services Tax (GST)
● Pay As You Go (PAYG) installments
● PAYG withholding tax
● Other taxes
If you’re registered for GST (required if you earn over $75,000 annually), you must lodge a BAS either monthly, quarterly, or annually. BAS statements ensure you’re keeping up with your tax responsibilities and help avoid penalties.
For more details please contact us 1300 768 284.
Can You Get a Tax Refund with an ABN?
Yes! Even if you’re self-employed with an ABN, you might be eligible for a tax refund depending on your income, expenses, and deductions. Many sole traders are pleasantly surprised to receive a refund—especially when they’ve been paying PAYG installments or overpaid on GST.
Some of the most common tax-deductible expenses for ABN holders include:
● Home office costs
● Tools and equipment
● Car expenses and travel
● Internet and phone bills
● Education and professional development
A good tax agent will help ensure you claim everything you’re entitled to.
Highly qualified accounting team will check your Tax return Twice
Instant Tax Refunds: How “On-the-Spot” Tax Agents Work
Here’s the exciting part: some tax agents in Australia offer same-day tax refunds. Here’s how it typically works:
1. Visit a registered tax agent (either in person or online).
2. Provide your income details, ABN info, and expenses (and your BAS if relevant).
3. The tax agent will lodge your return with the ATO.
4. You receive your refund immediately from the agent—before the ATO pays it out.
5. The ATO pays the refund to the tax agent, and they keep a small fee for offering this service.
This is often called a “refund transfer” or “instant refund” service. It’s great if you need funds urgently or just don’t want to wait weeks for the ATO to process your return.
We can find my (Group Certificate) for prior years also
Pros and Cons of On-the-Spot Tax Refunds
✅ Pros:
● Fast access to your refund
● No waiting on ATO processing
● Expert help to maximize your return
⚠️ Cons:
● A fee is deducted from your refund
● You may not get 100% of your entitlement upfront
● Not all agents offer this service
Same day tax Refund, 100% Online Service
Final Tips for ABN Holders
● Keep your records organized: Track your income and expenses throughout the year.
● Use accounting software: Tools like Xero or QuickBooks make BAS and tax time easier.
● Lodge on time: Late lodgements can attract penalties.
● Work with a trusted tax agent: They can make sure you’re compliant and help you get the best outcome—especially if you’re keen on a fast refund.
Need Help with Your BAS or Tax Return?
If you’re feeling overwhelmed by BAS lodgements or just want to make sure you’re getting the biggest refund possible, working with a professional tax agent is the way to go. And if the idea of walking out with your refund the same day sounds appealing? Look for one that offers on-the-spot refunds—they’re more common than you think!
📞 Call Us: 1300 768 284
📧 Email: enquiry@taxrefundonspot.com.au
🌐 Website: www.taxrefundonspot.com.au
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 2025, Tax Return 2025, myGov 2025, myTax 2025 Please contact our Tax accountant on 1300 768 284 or email us at enquiry@taxrefundonspot.com.au or Fill your details online at www.taxrefundonspot.com.au.