While lodgement of your tax return can begin from 1 July, you have a much higher chance of submitting a return with incorrect or missing information.
This is because some information that will automatically be pre-filled on your return (such as PAYG or STP information from your employer) will likely not have been lodged with the ATO.
If you forget to include everything, it will slow down the progress of your return, and you’ll likely end up with more work to do down the track. Lodging your return in late July is more likely to result in lodging a return with the information you need for a correct and proper refund.
We want to help you make this tax return season the smoothest it can be – here are our top tips for you.
When it comes to your tax return this year, don’t trust that things will be as simple as copying your tax return from the previous year.
If you have made a mistake in your lodgement, you can fix the errors or omissions through the ATO’s online amendment process (accessible via myGov) or by consulting a registered tax agent, like us.