The cost of getting a tax return done at ITP Toowoomba depends on the complexity of your return. Our pricing starts at a competitive rate for straightforward individual tax returns. If you have additional income streams, investments, or business-related deductions, the cost may vary accordingly. For more detailed information, please visit our Fees Page to see our transparent pricing structure. During your initial consultation, we'll also provide a clear estimate based on your specific situation, so you know exactly what to expect.

Yes, you can lodge your tax return through myGov using the ATO’s online services. However, while this option may be convenient for some, it might not always ensure that you’re getting the most out of your return. At ITP Toowoomba, our tax professionals are skilled at identifying deductions and credits you might overlook when lodging on your own. By working with us, you can ensure your return is accurate, maximised, and compliant with the latest tax laws. Plus, we handle all the details, so you don’t have to navigate the complexities of the tax system on your own.

In 2024, the tax return lodgement period begins on July 1st, and the deadline for most individuals is October 31st. It’s important to lodge your return by this date to avoid any late lodgement penalties from the ATO. If you’re working with a registered tax agent like ITP Toowoomba, you may be eligible for an extended lodgement deadline. We recommend getting started early to ensure all your financial information is in order, allowing us to maximise your refund and avoid any last-minute stress.

You have a few options for lodging your Australian tax return. You can lodge it online through the ATO’s myGov portal, by mailing a paper return directly to the ATO, or by using a registered tax agent like ITP Toowoomba. Lodging through a tax agent can be particularly beneficial as we handle the entire process for you, ensuring your return is accurate, maximised, and compliant with all tax laws. Plus, using a tax agent may give you access to extended lodgement deadlines, helping you avoid any late fees or penalties.

Yes, you can lodge your tax return for free using the ATO’s myTax service through the myGov portal. This option is suitable for individuals with simple tax situations. However, while it’s free, it may not always provide the best outcome. At ITP Toowoomba, our tax professionals can help you identify deductions and credits you might miss when doing it yourself, potentially increasing your refund. Our services are designed to ensure your return is accurate and maximised, offering excellent value for the peace of mind and potential savings you gain.

The cost to lodge a tax return in Australia can vary depending on how you choose to lodge it. If you use the ATO’s myTax service through the myGov portal, you can do it for free. However, if you choose to lodge through a registered tax agent like ITP Toowoomba, the cost will depend on the complexity of your return. Our fees are competitive and transparent, starting at a reasonable rate for simple individual tax returns. For more detailed pricing, please visit our Fees Page, where you can find all the information you need. Working with a tax professional can help you maximise your refund and ensure your return is accurate and compliant with the latest tax laws.

If you earn less than $18,000 in a financial year, you may not need to lodge a tax return, as this amount is below the tax-free threshold in Australia. However, there are exceptions. If you had tax withheld from any payments, received government benefits, or had other income like investments, you may still need to lodge a return to claim a refund or meet other obligations. At ITP Toowoomba, we can help you determine whether you need to lodge a return and ensure you comply with all ATO requirements. If you're unsure, it's always best to check with a tax professional.

The ATO allows you to claim certain work-related expenses without receipts, provided they are legitimate and you can reasonably demonstrate how you calculated the amount. For example, you can claim up to $300 in total for work-related expenses without needing to provide receipts. However, you must be able to show how you worked out your claims if asked. Common claims without receipts include items like union fees, work-related phone calls, and small tools or equipment. For any claims above $300, receipts or other documentation are required. At ITP Toowoomba, we can guide you through what you can claim and ensure you’re maximising your deductions while staying compliant with ATO rules.

No, you don’t automatically get all your tax back on your first tax return in Australia. The amount of tax you get back depends on several factors, including your total income, the amount of tax withheld by your employer, and any deductions or offsets you’re eligible to claim. While some first-time tax filers may receive a significant refund, especially if their income is below the tax-free threshold or they have had too much tax withheld, it’s not guaranteed. At ITP Toowoomba, we can help you understand your tax situation and ensure you’re claiming everything you’re entitled to, potentially maximizing your refund.

The amount of tax you’ll get back, or your tax refund, depends on several factors, including your total income, the amount of tax withheld by your employer, and any deductions or offsets you’re eligible to claim. To estimate your refund, you’ll need to calculate your taxable income by subtracting any eligible deductions from your total income. Then, compare the tax you owe on that taxable income with the amount of tax already withheld throughout the year. If more tax was withheld than you owe, you’ll receive a refund.

For a more accurate estimate, you can use the ATO’s online tax calculator or consult with a tax professional at ITP Toowoomba. We can help you understand your tax situation, identify all possible deductions, and give you a clearer picture of what to expect from your refund.