Proactive advice for your business and taxation
Suite 2, Shop 2, 2-26 Haldon St, Lakemba, NSW, 2195
Mon to Fri 9:00am to 5:00pm
Phone
0424 489 475
Phone
0426 969 290
Headquarters
Phone
0424 489 475
Phone
0426 969 290
Headquarters
Your return can be completed using the details from a copy of the PAYG Payment Summary, a letter from your employer detailing the information on the PAYG Payment Summary or by reviewing your pay slips for that period. If you are unable to obtain the payment summary details from an employer a Statutory Declaration would need to be completed. The detail from your PAYG Payment Summary may also be accessible by us on the ATO Portal. Contact us for details.
No. Deductions only reduce your taxable income. Your tax amount equals taxable income times tax rate. Thus, a tax refund increases (or tax liability reduces) by the amount equivalent to an amount of deductions times tax rate.
Australian taxation law requires that you must retain your records for at least 5 years from 31st October or lodgement date, whichever earlier.
You must lodge your tax return by 31st October each year. However, in case you are our existing client, an extension can be requested to ATO. You are never too late to lodge overdue or late tax returns. It is recommended that you lodge outstanding tax returns asap to avoid ATO fines.
Your return can be completed using the details from a copy of the PAYG Payment Summary, a letter from your employer detailing the information on the PAYG Payment Summary or by reviewing your pay slips for that period. If you are unable to obtain the payment summary details from an employer a Statutory Declaration would need to be completed. The detail from your PAYG Payment Summary may also be accessible by us on the ATO Portal. Contact us for details.
No. Deductions only reduce your taxable income. Your tax amount equals taxable income times tax rate. Thus, a tax refund increases (or tax liability reduces) by the amount equivalent to an amount of deductions times tax rate.
Australian taxation law requires that you must retain your records for at least 5 years from 31st October or lodgement date, whichever earlier.
You must lodge your tax return by 31st October each year. However, in case you are our existing client, an extension can be requested to ATO. You are never too late to lodge overdue or late tax returns. It is recommended that you lodge outstanding tax returns asap to avoid ATO fines.