Lodging your personal tax can be a confusing and long process where a lot of potential mistakes can be made. These mistakes can accumulate and risk increasing your tax liability or yet an expensive fine from the ATO. Because of this, it is important to know what to use and what not to use for your lodgement.
- Your Tax file number
- Your bank details Your bank interest accumulated for the tax period
- PAYG summary (usually supplied by employer)
- Medicare and/or private health care statements
- Details of any government help ie Centrelink
- Copies of any invoices or receipts for work-related items
- Details of any additional income (second job, investments, rental income)
- Details of any specific deduction (donations/ charity contributions)
- Partners income details
- Credit card statements
Collecting all the information is certainly the first step, the next and most recommended is taking that information to a tax agent. Tax agents are deductible and have the time and expertise to filter through the information provided to provide you with a maximum tax refund. Our tax agents walk you through the process or if you’d prefer we can sort through the details while you sit back and relax. Why risk a smaller tax return or a fine from the ATO by lodging it online? Especially when our affordable tax experts at AMS partners can guarantee a maximum refund. Get in touch today!
For a free initial consultation contact us now on +613 9428 4447.
