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Who Needs To Lodge Their Tax Returns In Australia?


Have you heard people talking about filing for tax returns every year? Well, do you also need to do the same? And how can you get it done? Let us find it all out here. We all need to file income tax returns every year and this job can be a tedious one for some while some don’t understand how to claim the refund. This state of being unsure gives rise to a lot of confusion and problems. If you are a resident of Australia then we have decided to talk about all that you need to know regarding lodging your tax returns in Blacktown, Australia, in this blog. Who can lodge their tax returns in Australia?  Suppose your income is less than $37,001, you can still lodge your tax returns if you are willing.  Suppose you got a payment of some kind such as wages within a certain fiscal year and tax was deducted from the payment.  In Australia you have a tax free threshold on your income and once you exceed that you must pay the tax. In case your taxable income is greater than the tax-free threshold, you can easily lodge tax returns, provided you have to be an Australian citizen.  Suppose you have come to Australia from a different country and you are earning in this country, then certainly, you have to pay the tax if you belong to a certain income-slab. Now, suppose your income


exceeds $1 in Australia within a fiscal year then you are liable to lodge tax returns.  In case you are intending to leave Australia once and for all or will be out of Australia for more than one financial year then you can lodge tax returns.  If there are any tax deductions you wish to claim. How and when can you lodge your tax return? Remember that the Australian financial year ends on 30th June and to lodge your tax returns for the preceding year; you will get time from 1st July to 31st October.  Today your job has been made way simpler as you can lodge your tax returns online. But the task might seem daunting to many, in which case you can always reach out to an established tax agent to help you.  Tax agents can help you lodge tax returns on paper as well and mail to the Australian Taxation Office. Now, you must be aware of the fact that taxation comes with a lot of technicalities and legal nitty-gritty that you need to take care of. For some, taxation can be a difficult thing to handle so it is always better to first discuss the matter with an expert. Today, lodging your tax returns in Blacktown, Australia is not a tough job at all as many dedicated companies which will deal with all the things about taxation have come up to help people and businesses, especially, first-time tax fillers increasingly understand the need of such companies. The best tax professional companies comply with any recent developments and changes in the legal field related to taxation. So they are well-versed


with the legalities and all the procedures, plus they take care of everything without you having to worry about a single thing.

Contact Us Contact Name - AAA Tax Agents, 7 Tussock Drive, Ropes Crossing NSW 2760 ABN : 19 193 850 310 info@aaataxagentservices.com.au 0452 064 151

Visit Us http://aaataxagentservices.com.au/

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lodging your tax returns in Blacktown  

Have you heard people talking about filing for tax returns every year? Well, do you also need to do the same? And how can you get it done? L...

lodging your tax returns in Blacktown  

Have you heard people talking about filing for tax returns every year? Well, do you also need to do the same? And how can you get it done? L...

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