The statutory date for lodging your income tax return every year is 31st October. Failure to lodge by then can cause you late lodgement penalties by the ATO. If you are registered with a tax agent like My Tax Refund Today, the deadline can be deferred up to 6 months...

As a result of unprecedented implications of COVID-19 on Australian economy, ATO has taken steps to financially and emotionally support Australians and provide them a little relief by deferring lodgement and payment due dates Those individuals, sole traders and small - medium businesses that are adversely affected by COVID 19,...

The Covid-19 economic measures supported businesses who faced reduction in revenues.  To summarize, the tax-free payments such as the cash flow boosting payments and the Job keeper payments provided to eligible business entities, must be recognized while doing business tax returns.  The new deduction measurement for businesses includes:  Increased Threshold of...

All businesses not only in Australia but across the globe faced enormous challenges in dealing with COVID 19 pandemic. While they struggled to manage their business as an on-going process, the government of Australia took measurable and effective steps to save the economy, especially small businesses which were at the...

Once you file your tax return with accurate and complete details, the important thing that concerns you is this; HOW LONG WILL IT TAKE TO GET MY TAX REFUND? It’s obvious that waiting to get your tax refund in your bank account can make you impatient after a point.However, here’s...

The most crucial part of tax returns is the tax refund. You always look for more ways to get maximum tax refund from our taxable income. If this is not enough, then when you file a tax return, the first thing you eagerly wait for, is getting the tax refund...

Have you been not taking the benefit of eligible tax refunds? Many Australian taxpayers miss out on the tax refund, because they either aren’t aware about the deductions,they are eligible for, or forget to account them for the claim. Claiming tax refunds in Australia may not be a cakewalk, because...

Filing a tax return can be tedious. And it’s obvious, because even one unintentional mistake by us, and we fall in the radar of the ATO. Which is why tax agents come into the picture. They not only help you file your tax return, but also help you with tax...