Frequently Asked Questions

The maximum fine per year for a personal tax return is $770 and it is not tax deductible. You may be
charged interest as well; however, these are deductible.

The more you have the more it costs, the less you have the less it costs, we charge a set rate
according to the sections you fill out, so no high fees and no hourly fees. In light of all this, the more
deductions you have the larger the refund, however please remember don’t go spending a dollar to
receive 30 cents back in refund if you don’t need too, only do it if you really need to spend, its just
not worth it!

You can have your refund cover our fees, however this will cost an additional $55 as we have an
auditor compliance on a yearly basis, all trust accounts need to go through a stringent verification
process.

Usually, 14 days maximum, if it takes longer than that, they may mean they are doing extra checks on your tax return for something you may have claimed incorrectly.

Individual Tax returns may be lodged until 31 October of the financial year in Question without receiving a fine if your return is for that year, should you choose not to use a tax accountant near me.Individuals can lodge up until the 14 May the next year if you are using a Registered Agent (Australia Wide Tax Solutions Tax Agent Registered number 78641007 by doing this you are safe in not paying the fine for current years, not previous year’s tax returns.

Fringe benefits tax end on the 31St of March of the current financial year, you have 60 days after this date to lodge your tax return and pay for the Fringe benefits tax.

Businesses have until 31 October to lodge their tax returns, if your aggregate turnover is under $2,000,000.If your business has an aggregate turnover of more than $2,000,000 you have further extensions.If you use us as your registered agent you further extensions.

You will need to lodge your tax return if you are individual and not using a registered tax agent by 31st October that current year. If you are using a registered tax agent click here for an appointment or we can complete it all via email, you will need to lodge by 14 May the next calendar year.

All Self-managed superannuation fund have until 31 October the current financial year to lodge their tax return, if you are using a registered tax agent you have until 28 February the following year.

If you are submitting tax returns for prior years, the maximum fine for one year of overdue tax returns is $850, which could also encompass an interest surcharge starting from the original due date.

It is advisable to have all your tax returns prepared beforehand to avoid incurring fines, especially during the current financial year's lodgment period, which ends on October 31st or May 14th if you are utilising the services of a registered tax agent. By doing so, you can submit them all in a single day. That's what we do here at AWTS.

No. Fines by the Australian Tax Office are not tax deductible.

Yes, Interest charge via the Australian Tax Office debt incurred is tax deductible.

You can claim interest charges in D10 in your Australian Tax Return.

You may lodge your tax return without a payment summary so long as you fill out a statutory declaration and have it filled out to reflect all your wages and taxes paid, ensure a JP has signed to witness your signature, we at Australia Wide Tax Solutions are a Justice of the Peace J.P NSW 186616

If you do not want to pay the Medicare Excess levy you are best to have the policy running for 365 days or 366 if it is a leap year. There is only two choices, give it to the Government or the Private Health Insurance company, since the figures will be similar or less if you pay private health insurance, you may as well have the most basic hospital cover.

The amount you have to pay if you do not have Private health insurance is between 1 and 2% of your taxable income.

You are able to claim medical items up to tax year 2019, 2020 tax years and beyond, the benfit has ceased.