The ATO has officially given the "green light" to lodging Tax Returns.
Though we have been able to lodge for some weeks now, the ATO has officially announced it has much of the prefill data it needs to ensure a smooth tax return process.
They have now received some 80 million pieces of information, which means a majority of you should now have all the ATO received Income information to enable a seamless tax return - from the Income side that is. You'll still have to crunch the numbers to claim all your tax expenses.
A significant number of employers have now marked all those payment summaries and other bits of income as "Tax Ready", so information is readily available that shows the amounts of salaries and benefits received and all those yukky taxes you have paid.
Don't forget the maximum LMITO offset is currently $1500, so get onto GoTax and grab a piece of that.
And don't forget to download that really fantastic piece of software, the Deduction Grabber App, it will keep you on top of your tax deductions and log books for the next year and beyond. Or is that, To Infinity and Beyond. Whatever!
Scan the QR code and get cracking.
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