Don’t Miss the Deadline: Tips for Filing Your Income Tax Return

As the income tax return lodgement deadline is fast approaching, it’s important to make sure that you have all the necessary documents and information to file your return accurately and on time. We want to make sure you don’t miss the deadline, so we are providing tips for filing your income tax return. If you haven’t already, please get it across to our office ASAP.

Here are some tips to help you get started:

Gather your documents

Make sure you have all your income documents, such as bank interest or dividends received, and any other relevant documents such as receipts for tax deductible expenses. This is an important part of preparing and understanding your tax benefits. 

Review your deductions and credits

Make sure you have a clear understanding of the tax deductions and credits you are eligible to claim for. This will help you to legally maximise your tax refund and legally minimise any tax liability. We have created Occupation Guides that may assist. 

Consider filing eletronically

Filing your income tax return electronically is faster and more convenient than filing a manual or paper income tax return. We have software options available to make the process easier.

Don’t rush

Although we are getting close to deadlines, please take your time to ensure that you have accurately reported all your income and deductions. Rushing through your return can lead to mistakes that could result in penalties or a delay in receiving your refund.

Seek professional help if necessary

If you are unsure about any aspect of your income tax return, please just ask, or fill in the form below and we will be in contact with you shortly. We hope that we have provided some tips for filing your income tax return to be useful and helping out our clients to not miss the deadline. If you are a business client there are some benefits of tax planning.