Not sure if you need to lodge a Tax Return or not, our checklist will help you to work out your obligation.
If any of the situations below apply to you then you may need to lodge a tax return for the year. If you go through this and are still unsure, then it is best to book an appointment and let us hep you to work it out.
Even if you do not need to lodge a return, you still need to let the Australian Taxation Office know this. You can contact them directly, or we can do this on your behalf for a small fee of $55.
If any of the situations below apply to you, then you have an obligation to lodge a Tax Return. Click the Make an Appointment button on the left, or the buttons below to book your appointment and we will help you out.
✔ Income of more than $18,200
✔ Income from Employment with Tax withheld - check your last payslip or your Payment Summary for this information
✔ Interest Income with Tax Withheld - check your internet banking or ask your bank the question. Note: Even if a Term Deposit has been renewed, and you have included the interest in the renewal, this is still your income at the date of rollover.
✔ Did you receive a Taxable payment from Centrelink? - If so, check if tax has been withheld. If not then if your total income from all sources exceeds $18,200 you may need to do a tax return and pay tax.
✔ Did you receive a Lump Sum from Superannuation? - If so, then it is likely you will need to do a return.
✔ Were you not a resident of Australia for the full tax year? - If so, and you received any income from Australia, then you will likely need to lodge a return.
✔ Did you pay any tax installments throughout the year? - You need to lodge a return.
✔ Were you under 18 and received income from sources other than employment? - The most you can earn from other sources is $416
✔ You carried on a business during the year - You need to lodge a return.
✔ You received income from dividends or other investments - You need to lodge a return.
✔ You received income from a rental property - You need to lodge a return.
✔ You made a loss, or have a carried forward loss from a prior year - You need to lodge a return.
✔ You are entitled to a distribution from a trust or partnership - You need to lodge a return.
✔ You qualified for income averaging as a special trade (sportsperson, artist, etc) or Primary Production - You need to lodge a return
✔ You are entitled to a refundable offset - EG. Private Health Cover, Seniors and Pensioners. Then you need to lodge a return.
We encourage everyone to use a professional to help them prepare and lodge their return. As qualified Tax Agents, it is our duty to know what you can and cannot claim and to help you understand your taxation obligations. We can assist you to minimise your taxation liability.
You can send your information to us online ( Submit Online ) or by having an appointment. Click either button below to proceed or call us on 1300 259 309 / 4182 4971 to speak to one of our talented team.