SAME DAY TAX REFUNDS – DO’S AND DON’TS

SAME DAY TAX REFUNDS – DO’S AND DON’TS

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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 planning and maximizing tax refunds and minimizing tax payable.

My Tax Refund today does exactly the same. We make sure that our clients face no problem in filing their tax returns and get maximum benefit in the form of tax refunds and tax deductions. Another very beneficial option that we offer, is the SAME DAY TAX REFUND. This option is meant for those who are in urgent need of money and can’t wait for the aforesaid number of days set by the ATO to get their tax refund. Same day tax refund is not a facility by the ATO. It’s a voluntary service by tax agents.

The same day tax refund option comes with its own pros. But if you opt for it, you will not have to wait for ATO to give you the tax refund amount, and you can utilize the tax refund the amount for your desired purpose.

However, before you take the step of opting for SAME DAY TAX REFUND, you must be aware of certain do’s and don’ts which will help you get this facility. You must also note that this is a risky option and if you are not ready to take the risk, you should refrain from this option.

Note the dos and don’ts below:

DO’S:

  1. KEEP ALL DOCUMENTS READY

This is very crucial when you file your tax return. Keeping all the receipts and documents in place will keep you in a risk-free situation, and you can claim more and more tax deductions, thereby increasing your tax refund amount. Whatever tax information you provide in the tax return, even if the information is about claiming eligible tax deductions, it’s necessary to have supporting receipts/documents for the same.

  1. PROVIDE CORRECT TAX INFORMATION

This may seem like irrelevant information butproviding correct and accurate tax information in tax returns is extremely necessary. Everything mentioned in the tax return should be correct, accurate and supported with relevant receipts/documents, so that there’s no chance of ATO scrutinizing your information or delay in tax refund.

  1. FILL THE FORM FOR FREE TAX REFUND ESTIMATE

Fill in the form here, or e-mail us your tax details and information on info@mytaxrefundtoday.com.au for free tax refund estimate. Our tax accountant shall call you back within 20 minutes and shall discuss your tax situation, and provide you with FREE TAX REFUND ESTIMATE, where you’ll find out the tax refund you’ll be eligible for, on the basis of the tax information provided by you.

  1. AUTHORIZE US TO FILE YOUR RETURN

After you discuss your tax situation with our tax accountant, you’ll get a free tax refund estimate. If you feel satisfied with our tax consultancy and services, you can go ahead and authorize us to lodge your tax return and here onwards, take care of your entire tax situation.

  1. READ THE TERMS AND CONDITIONS FOR SAME DAY TAX REFUNDS

Before we give you an option of “same day tax refund”, you must go through the terms and conditions of our “same day tax refund” option. That’s because we want you to be aware about the risks and conditions involved while choosing “same day tax refund”.

 

DON’TS:

  1. AVOID SAME DAY TAX REFUNDS IF YOU HAVE LIABILITIES

Same day tax refund may be very relieving, especially when you are in urgent need of money. However, this is a risky option, especially when you aren’t in a position to handle any risk, because of your existing liabilities. Therefore it’s not safe to go for this option if you have any ongoing liabilities.

  1. AVOID HIDING ANY TAX INFORMATION

While providing us your tax information, make sure you don’t hide any of the receipt/document, even if they are irrelevant to you. That’s because ATO might bring that to scrutiny or your tax agent can use the information in your benefit.

My Tax Refund Today helps you with effective tax planning and tax filing. Our team of expert tax accountants and consultants will constantly guide you so that you don’t fall into any additional audit by ATO.

Fill in the get your refund now form to have an expert will call you and get your same-day refund*, or if you have any questions related to MyTaxmygov, and Online tax return, you can contact us by calling 1300 698 297 Or email us at info@mytaxrefundtoday.com.au.

*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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