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

Call Us

0424 489 475

0426 969 290

Contact Us

Contact Us

Have questions or feedback? We'd love to hear from you! Feel free to reach out using the contact form below or connect with us via email or phone. Our dedicated team is here to assist you and provide the information you need. Your input is valuable to us as we strive to enhance your experience. We aim to respond promptly and look forward to assisting you.

Get In Touch

Image

Phone

0424 489 475

Image

Phone

0426 969 290

Image

Headquarters

Suite 2, Shop 2, 2-26 Haldon St, Lakemba, NSW, 2195

Have questions or feedback? We'd love to hear from you! Feel free to reach out using the contact form below or connect with us via email or phone. Our dedicated team is here to assist you and provide the information you need. Your input is valuable to us as we strive to enhance your experience. We aim to respond promptly and look forward to assisting you.

Get In Touch

Image

Phone

0424 489 475

Image

Phone

0426 969 290

Image

Headquarters

Suite 2, Shop 2, 2-26 Haldon St, Lakemba, NSW, 2195

Frequently Asked Questions

I have not received all of my PAYG payment summaries (group certificates) yet. Can I lodge a tax return without them?

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.

Can I receive a tax refund equivalent to full amount of deductions?

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.

How long do I have to keep my tax records?

Australian taxation law requires that you must retain your records for at least 5 years from 31st October or lodgement date, whichever earlier.

When is due date of a tax return?

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.

Frequently Asked Questions

I have not received all of my PAYG payment summaries (group certificates) yet. Can I lodge a tax return without them?

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.

Can I receive a tax refund equivalent to full amount of deductions?

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.

How long do I have to keep my tax records?

Australian taxation law requires that you must retain your records for at least 5 years from 31st October or lodgement date, whichever earlier.

When is due date of a tax return?

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.

Associations

Industry Associations

We are in the business with years. of experience providing proactive approach in delivering Accounting and Taxation services in Sydney.

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Contacts

Suite 2, Shop 2, 2-26 Haldon St, Lakemba, NSW, 2195

0424 489 475

0426 969 290

Mon to Fri 9:00am to 5:00pm

Copyright 2025. All Right are Reserved. Prime Accountants

We are in the business with years of experience providing proactive approach in delivering Accounting and Taxation services in Sydney.

Quick Links

Contacts

Suite 2, Shop 2, 2-26 Haldon St, Lakemba, NSW, 2195

0424 489 475

0426 969 290

Mon to Fri 9:00am to 5:00pm

Copyright 2025. All Right are Reserved. Prime Accountants