Article category: Personal Tax
Will stage 3 tax cuts give you get a better 2025 tax refund?
You’ve probably heard about the government’s tax cuts which took effect on July 1 this year. Here’s a very simple and brief report on how they may benefit you. Why were the cuts brought in? Some folks refer to the most recent and revised Stage 3 tax cuts as “cost of living tax cuts.” Why?…Why is my tax refund low in 2024?
8 possible reasons and how to avoid next year Many Australians have been disappointed by their lower-than-expected tax refunds this year, despite the common expectation of receiving a refund. It is important to understand the factors that contribute to a reduced refund in order to avoid a similar situation next year. Common explainations for a…Holding off lodging your Australian tax because you owe money to the ATO?
Don't worry, you're not alone. Right now, the ATO is chasing after at least $45 billion in unpaid taxes, and these days they're not hesitant to report your debt to credit agencies. Don't panic! You have a few options to consider, and doing nothing is definitely not the best one. If you simply register with…5 Reasons You Should Complete Overdue Tax Returns in Australia
If you're an Australian taxpayer and have an overdue tax return, you might be wondering if it's worth the effort to complete it. After all, it's been a while since the due date, and you might think that the Australian Taxation Office (ATO) has forgotten about it. However, completing an overdue tax return is important…How to Claim a Tax Return in Australia – Step by Step
Claiming a tax return in Australia can be a confusing and daunting task, but it is essential to ensure that you are receiving the right amount of refund. In this article, we will guide you through the process of claiming a tax return step-by-step. Determine Your Eligibility Before you start claiming your tax return, you…How long do tax returns take in Australia?
Lodging taxes is a necessary but often daunting task for many Australians. One of the most common questions people ask is "how long does it take to complete and receive a tax return in Australia?" The answer to this question depends on several factors, including the method of lodging, the complexity of the tax return,…