Need your
2023 Tax Return done?

Yes, if you were employed and were working from home, you may be eligible for some tax deductions. These can include expenses such as electricity, decline in value of equipment/furniture and phone/internet expenses.

From 1 July 2022 there are 2 methods available to calculate your claim – a fixed rate or the traditional actual cost method. The ATO has revised the fixed rate for work from home expenses to 67 cents per hour. This allows you to claim a flat 67 cents per hour you worked from home. However, if you use this option, you will be ineligible to claim any additional expenses for working from home.

Yes, if you fail to pay your taxes on time, you may be liable for a ‘Failure To Lodge penalty’ from the ATO.

The penalty is charged @ 1 penalty unit for each period of 28 days or part thereof for which the return is overdue, up to a maximum of 5 penalty units. The value of one penalty unit is $210. This means that the minimum penalty that you can be charged if you delay your tax returns is $210 and the maximum penalty that can be levied is $1,050 i.e. 5 times the minimum penalty.

There are various factors that the ATO considers while charging a penalty for the overdue tax return. These include:

• Number of overdue tax returns;
• Your history of filing overdue tax returns; and
• The fact whether the taxpayer has not fulfilled the appeal to file their tax return or not.

Usually the penalty is applied automatically unless there was NIL tax payable or if there was a net refund from the Tax Return. We may be able to negotiate the penalty depending upon your circumstances.

Well, first of all  we will try to find all the possible deductions applicable to you to minimise your tax liability as much as possible (legally of course!). If you then get a refund…great! Otherwise we can negotiate a payment plan for you with the ATO.

Find out here if you need to lodge a tax return or not. If you usually lodge a tax return but don’t have to for one or more years – we recommend that you submit a non-lodgement advice (we can do this for our clients) because otherwise the ATO may assume you needed to lodge a tax return and commence compliance actions. 

For consultation sessions that have been paid for up front, we will simply refund your amount if you are unhappy with our service.

If you haven’t paid for your Tax Return or Consultation session yet, we will simply stop if you ask us to and not charge you anything.

As simple as that!

For every Financial Year ending on the 30th of June, the deadline to lodge a Tax Return is 31st of October unless an exemption applies to you. Therefore, your Tax Return can be lodged anytime between 1st of July 2023 and 31st of October 2023.

If you are residing in Australia and are liable to pay taxes then you must file your tax return on or before the deadline, unless your income is exempt or falls below the tax-free threshold limit.