What to Expect During the 2021 Tax Season?
2021 Financial year- the year that will make all tax companies work on their toes to help Australians lodge their 2021 tax returns. With all latest tax reforms, rebates, stimulus, and structural changes, it needs expertise and through knowledge to be able to work in compliance with Australian Taxation laws during the 2021 tax season.
My Tax Refund Today has harnessed the power of technology with the strength of taxation expertise, customer service and quick response. We serve and enable clients all over Australia to lodge their tax returns online. With a 4.7-star Google rating and having served more than 20,000 clients over 5 years, My Tax Refund Today is one of the biggest Tax Agents in NSW.
While Australians can expect significant low tax cuts from their incomes, the refunds amounts can be expected to fall short. Fortunately, the Australian government has constantly supported its people throughout the hard times and still focus on bringing the economy’s equilibrium back by working through recession, so that we will still be left with extra money in our pockets.
Tax deductions: While working from home still allows 80cents per hour deductions, there are various reforms in other aspects of travelling deductions. The new guidelines reported by ATO on 17 February 2021, determines the treatment of “travelling on work costs” and “living expenses” that are deductible and non-deductible, respectively. The decision will still depend upon its nexus with employee’s income generating activities.
Discuss with our tax experts regarding your eligible deductions and save yourself from ATO reviews, audits, and tax refund delays.
Every year many employees spend invaluable hours researching and understanding complex laws simply to do their own tax returns via myGov or other DIY tax agents. With My Tax Refund Today, tax return can be done simply over a 10–15-minute phone call, without the need of visiting our office. We take care of everything from pre-fill data to tax laws to lodgements so your employees and students can save time, which are better spent either at work or with their families.
My Tax Refund Today is one of the most successful accounting businesses which has harnessed the power of technology with the strength of customer service to enable clients all over Australia to lodge their tax returns online. With a 4.7 Star Google rating and having served more than 20,000 clients over 5 years, My Tax Refund Today is one of the biggest Tax Agents in NSW.
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