In your profile page, enter your Date of Birth, Full Name and Tax File Number and we will be able to access your pre-filling report from the ATO The pre-filling report will provide us some basic information to get started and you will receive directions from us to help you complete your tax return online.
No. All employment income need to be declared when lodging a tax return. In the meantime, you can however start using Tax Monster to enter all your other income and deduction.
Deductions only reduce your taxable income. Your tax amount equals taxable income times tax rate. Thus, a tax refund increases (or tax payable reduces) by the amount equivalent to an amount of deductions times tax rate.
The 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.
Yes. In case you have left or are leaving Australia permanently (not coming back and working within at least 2 years), you can lodge your tax return early. For example, your visa expired and you went back to your country. However you need all of PAYG payment summaries (group certificates) or equivalents as well as bank interest details.
If you live in Australia, but are not eligible for Medicare during all, or part of, any financial year, you can claim an exemption from paying the levy. To claim the exemption on your tax return, you must apply for a Medicare levy exemption certificate.
You may not be eligible for the exemption if you:
The normal processing time is 10 -14 working days but it is subject to the ATO.
Yes. We can deduct the fee from your refund and have the net funds deposited into your nominated bank account. This means that you do not need to pay us upfront.
Yes. We can prepare and lodge your prior year tax returns. Any year is accepted. It is recommended that you lodge your outstanding tax returns as soon as possible. ATO may impose fines for non-lodgement of a tax return.
You can simply leave us a comment of the changes you would like to make. We have a dedicated system to monitor all comments.
If your estimated tax assessment indicates that you owe the Australian Taxation Office (ATO) money, you will receive a tax payment advice from the ATO to your postal address in around 10 working days after the lodgement.