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MyGov Tax Return 2021

MyGov is an initiative by Australian Government where all the government services are offered online from one platform. The key feature of the myGov account is that you can access all your information from various government agencies by simply linking the services to your myGov account securely.

The services you can link to myGov21:

  • Australian JobSearch
  • Australian Taxation Office
  • Centrelink
  • Child Support
  • Department of Health Applications Portal
  • Department of Veterans’ Affairs
  • HousingVic Online Services
  • Medicare
  • My Aged Care
  • My Health Record
  • National Disability Insurance Scheme
  • National Redress Scheme
  • State Revenue Office Victoria.

MyGov21 provides a feature of sending all letters, notices, statements and messages in your myGov21 inbox to ensure that you don’t miss any important letters or statements from any government agencies.

You often receive updates from following agencies:

    • Medicare
    • Australian Taxation Office (ATO)
    • Centrelink
    • Child Support
    • Department of Veterans’ Affairs
  • National Disability Insurance Scheme (NDIS)

Various other benefits of myGov21 are:

  • Self-assessment of your tax return and lodgement via mytax
  • View & Download Notice of assessment
  • View & print tax returns online
  • Manage your PAYG instalments
  • Arrange payment schedule with ATO for debts
  • Update your personal information
  • View and manage Business activity statements (BAS)
  • Revise and lodge activity statement, GST & IAS
  • View and track your tax activity statement and account balance
  • Outstanding debt with Centrelink
  • Outstanding instalment with Child Support Agency

Why pay a tax agent when you can do it for free?

We at My Tax Refund Today understand the complexity of lodging a tax return. Although myGov21 provides many benefits, it cannot replace the knowledge that a Tax Agent may have. As an example, the following topics require in-depth understanding and knowledge of tax principles and laws:

  • Calculation of Business Income (ABN)
  • Rental/Investment property
  • Bank Interest
  • Capital Gains/Loss
  • Dividend Income
  • Income on TFN
  • Offsets and rebates

These topics are complicated in nature and there might be a benefit in getting an advice and lodging with a Tax Agent (My Tax Refund Today). We cannot deny that myGov21 is tremendously useful, but it has its own limitations. Few of them are listed below for your reference:

  • Need knowledge and expertise
  • Knowledge about tax norms
  • Deductions that you can or cannot claim
  • Risk of an Audit
  • No review of any errors before lodgment

For example: If you are using your car for work purposes and from home to work & visa-versa. How many kilometers will you claim? As per the tax laws, only kilometers used for specific purpose, which is work related are claimable. Meaning that if you travel between home and work using your car it is not claimable. This is one of the examples on why many people to get an Audit and penalties from ATO for misrepresenting the expenses.

It could be better option to have an expert or professional to get the job done by a Registered Tax Agent (My Tax Refund Today).

Our company, My Tax Refund Today focuses on maximizing a tax return along with providing fast and efficient service. Satisfaction of our clients are of utmost importance and we consider all the benefits and offset you may be eligible to claim. For more information on MyGov 21, To receive a tax refund estimate from us please send an enquiry form contact My Tax Refund Today on 1300 698 297 Or email us on info@mytaxrefundtoday.com.au, a tax expert will be able to help you

*Conditions Apply

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author’s employer, organization, committee or other group or individual. To have your tax case assessed please contact a registered tax agent.

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if you have an questions you can contact us by calling
1300 698 297  or emailing info@mytaxrefundtoday.com.au

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