Haven’t got time to do your 2017 tax return?

You probably have your group certificate or payment summary from your employer by now. But have you found time to do your 2017 tax return yet?

Most people get a tax refund on their tax returns and yet still find it challenge just getting it done.

So even though you could have money owed to you by the ATO, you are probably like most Australians – Time poor and not looking forward to the hassle of working your way through e-tax.

Other reasons for not doing the annual tax return are a result of fear.

The ATO is good at making people fearful of getting it wrong. They can appear as the Big Brother Ogre to many people. Whether this is justified or not is not really relevant when you are in the middle of trying to figure it all out.

Being worried about the consequences of getting it wrong is what stops lots of people from getting started.

But not doing your tax return is not the kind of problem that’s going to go away, so it’s best to face up to it and get it done.

That’s where we come in. Using our decades of tax experience can save you all of the headaches that e-tax causes.

The best part is that we are able to get you the MAXIMUM REFUND. And even better, you may qualify for our INSTANT TAX REFUND. This mean you get the money the ATO OWES YOU straight away, rather than have to wait weeks for it to turn up.

I bet you could use that money now.

So simply call us on 1300 TAX GUY or use our form on the contact us page and let us take the fear and hassle out of your tax return. You could have money in your pocket very soon.

Do you have overdue tax returns?

We have worked with hundreds of taxpayers with ovedue tax returns to lodge and they have all felt immensely relived from the first time they called us on 1300 829 489 or just filled out our tax agent appointment form.

From the moment you fill out our tax agent appointment form, the ATO will know that we are responsible for your late tax returns and they will no longer bother you about them.

Just knowing that you won’t have to deal with the ATO or explain yourself to them is a huge relief.

Do People With Overdue Tax Returns Get in Trouble?

It really depends on your situation. If all your late tax returns are refunds, then they will probably be assessed without penalty. If you owe the ATO money, then they will generally ask for an explanation as to why they are late.

The ATO can issue fines and charge interest on money owing, but if you have a reasonable excuse then this can often be waived. We have extensive experience negotiating on behalf of taxpayers with late tax returns, and pretty much every fine we’ve seen we’ve been able to get waived.

What if I Have Lost My Group Certificates?
One of the most common reasons people have late tax returns is because they have lost payment summaries. The good news is that the ATO keep record of people’s payment summaries and we can easily order them in for you.
All you have to do is fill in our tax agent appointment form and we will request a copy of all your payment summaries from the ATO. We don’t charge anything for requesting your records, it’s really quite a simple process from our end.

What if I have Lost My Receipts
Most people with late tax returns have at least a few missing receipts, and we will be able to advise you of the best course of action in this circumstance. You have to have valid receipts for your claims once they are over a certain amount, which varies from year to year.

But there are also some receipts that can be obtained from the supplier if needed, and there are some claims that can be made without receipts. Our experience lodging overdue tax returns means we’ll be able to advise you on a year by year basis until you are up to date.

Car and Travel costs focus of the ATO

Car and travel costs continue to be one of the largest categories of work-related expenses claimed by individuals (e.g., employees, sole traders, contractors).

As a result, the ATO continues to focus on incorrect car and travel expenses, particularly where they involve travel between a taxpayer’s home and place of work.

Generally, home to work travel costs are not deductible under S.8-1 of the ITAA 1997 as they are incurred at a point that is too preliminary to an individual taxpayer’s income-earning activities.

Also, the essential character of such expenditure is considered to be private or domestic  in nature.

Two important exceptions to this general rule are where an individual is engaged in ‘itinerant’ work, or where the travel is attributable to the transport of bulky equipment.

In either case, a deduction for car and travel expenses relating to home to work travel will be allowed.

Check with your tax agent before claiming these expenses.

Increase in the Medicare levy low-income thresholds

The Government will increase the Medicare levy low-income thresholds for singles, families and seniors and pensioners from the 2017 income year.

  • The threshold for singles will be increased to $21,655.
  • The family threshold will be increased to $36,541 plus $3,356 for each dependent child or student.
  • For single seniors and pensioners, the threshold will be increased to $34,244.
  • The family threshold for seniors and pensioners will be increased to $47,670 plus $3,356 for each dependent child or student.

No deduction for travel expenses for residential rental properties

From 1 July 2017, the Government will disallow deductions for travel expenses related to inspecting, maintaining or collecting rent for a residential rental property.

This is an integrity measure to address concerns that many taxpayers have been claiming travel deductions without correctly apportioning costs, or have claimed travel costs that were for private travel purposes.

This measure will not prevent investors from claiming a deduction for costs incurred in engaging third parties, such as real estate agents, for property management services.