Tax Choice

Pre-fill helps BUT it doesn’t catch everything!

By mid to late July, some info is usually already in your tax return. But if anything’s missing, you need to add it yourself.

Think cash jobs, gig income, ride-sharing, renting out part of your home, or crypto.

✅ Check what’s there

✅ Check what’s missing

➕ Add it…

🧾 Then lodge!

Friday funny……. 😂

Don’t forget to tell us all income streams you should be including in your tax return this year! 🤔💭

Make sure you tell us all your:
✔️ ALL jobs you’ve had no matter how small
✔️ income from any investments, including the shares
✔️ taxable government payments, like the Pandemic Leave Disaster Payment
✔️ vaccination bonus incentives
✔️ bank interest.

Leaving out income may result in incorrect refunds & paying back the ATO! 👎🏻

Check out our website for more info!
www.tax choice.net.au

Use you car for work? Here’s some info on what you might be eligible to claim in your tax return….. Got questions? 9349 3000 👍🏻

How to claim your car in your 2021-22 tax return Here’s what you need to know before you “write off” your car as a business expense on your tax return this financial year. If you’ve purchased a new

Bali dreaming?! 😂🤪🌴

Bali’s New Digital Nomad Visa Will Let You Work There Tax Free For Up To 5 Years Get it.

Thinking about what you can and can’t claim on your tax return?

When thinking about your work-related expenses, remember to double check that:
✔️ you spent the money yourself and weren’t reimbursed
✔️ they are directly related to earning your income (like your new compulsory uniform with the company logo on the front 👕)
✔️ you have a record to prove it.

Ready to get started? Head to our website for the forms:

https://www.taxchoice.net.au/tax-choice-existing-client-update-form/

This article is a great reminder ~ it might be July but that doesn’t mean you’re ready to lodge a Tax Return!
Have a read for some handy tips to make sure you don’t lodge too soon & avoid those unnecessary consequences! {like paying back money you weren’t actually entitled to just because you forgot one little thing…….} 😱

'Take your time': ATO urges Australians to delay filing tax returns Millions of Australians are expected to rush in and file their 2021-22 tax returns over the next month, with bumper refunds on the table this year.

Tax time is here – but not so fast! ✋

It’s ideal to wait until mid July before lodging, when we’re sure most of your tax info will be available for us in pre-fill!

This includes your employment income, bank interest, private health insurance, dividends, and most government payments you may have received.

It’s important until then that you carefully check all your info, & let us know anything that’s missing before we lodge that might still be missing from pre-fill!

If you’re MyGov savvy you can have a look at your account to see what’s already available for your accountant & what’s not there yet!

The countdown is on! Check out our website for everything you know need to get ready for lodging your Tax Return for 2022!

Ready to go? If you’re an existing client - we’ll need you to fill in one of these to get the ball rolling!

https://www.taxchoice.net.au/tax-choice-existing-client-update-form/

Home Welcome to Tax Choice Tax Choice is a boutique tax practice with extensive experience in salary and wage returns. We operate Australia wide. Our team includes Registered Tax Agents & tax preparation specialists. We are open 7 days a week for your convenience. Welcome! Please click on Start Here to f...