Today officially marks the end of the financial year. By the 14th of July your employers should have issued you with a PAYG payment summary in order for you to be able to do your tax return.
If you do not receive this document, then I would make it a point of following up to make sure you get one issued from each of your respective employers throughout the last twelve months.
Once you have received this document it's a good idea to go through all of your receipts to determine what receipts are work or education related. You will need these for when you speak to the tax agent processing your tax return.
Some of you may have had a lot of medical expenses throughout the year. For those people it's a good idea to go to a medicare office to get a print out of your medical expenditure and your local pharmacy if you've purchased a lot of prescription medicine throught the year as you may have gone over the treshold in which case you may be able to claim some of your medical costs.
For those of you with shares, investment properties or those who receive income from investments, you will need to collate all of this information for your tax return. Make sure you go through all of your documents thoroughly as you don't want to miss any deductions.
An important thing to remember is not to forget to check all of your bank statements to work out how much interest you may have earned throughout the year. This information is sent to the tax office from your bank so make sure you don't forget to include it in your tax return.
Why not make your life easier by trying our new online tax return. We only ask for basic information which notifies our staf what questions they should be asking when they do the telephone interview to gather information. You could have your tax return processed within 24 hours of applying online so why not give it a go. If you apply and don't think it's for you, then feel free to cancel at any time prior to lodging the tax return after speaking to our customer service operator. We promise you'll like our new system and all of our customer service staff are based in Australia so you're not dealing with an overseas call centre. Go on give us a go Today.
If you do not receive this document, then I would make it a point of following up to make sure you get one issued from each of your respective employers throughout the last twelve months.
Once you have received this document it's a good idea to go through all of your receipts to determine what receipts are work or education related. You will need these for when you speak to the tax agent processing your tax return.
Some of you may have had a lot of medical expenses throughout the year. For those people it's a good idea to go to a medicare office to get a print out of your medical expenditure and your local pharmacy if you've purchased a lot of prescription medicine throught the year as you may have gone over the treshold in which case you may be able to claim some of your medical costs.
For those of you with shares, investment properties or those who receive income from investments, you will need to collate all of this information for your tax return. Make sure you go through all of your documents thoroughly as you don't want to miss any deductions.
An important thing to remember is not to forget to check all of your bank statements to work out how much interest you may have earned throughout the year. This information is sent to the tax office from your bank so make sure you don't forget to include it in your tax return.
Why not make your life easier by trying our new online tax return. We only ask for basic information which notifies our staf what questions they should be asking when they do the telephone interview to gather information. You could have your tax return processed within 24 hours of applying online so why not give it a go. If you apply and don't think it's for you, then feel free to cancel at any time prior to lodging the tax return after speaking to our customer service operator. We promise you'll like our new system and all of our customer service staff are based in Australia so you're not dealing with an overseas call centre. Go on give us a go Today.
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