Adelaide tax return
We get it – tax time can be stressful. There’s receipts to track down, percentages to work out, and a whole lot of confusing questions you don’t know the answers to. Can you deduct the cost of your laundry or car maintenance? Who knows!
Trying to navigate the taxation laws can be daunting, but the team of experienced accountants at Pisani Group are here to make tax time as stress-free as possible. Which is why we are excited to announce that you can submit your 2022 tax return information online through our website. And the best part? It shouldn’t take more than 10 minutes!
So what is the easiest way to submit your tax? Read on to discover the quickest and most simple methods of submitting your 2022 Adelaide tax return.
What happens if I don’t lodge my Adelaide tax return?
Generally speaking, most Australians will need to lodge a tax return every year. And if you earn more than the tax-free threshold of $18,200 you are definitely required to submit your tax.
But if you earned under the threshold, you may not need to lodge a tax return. Instead, you may need to submit a non-lodgement advice to the ATO explaining that you don’t need to lodge this year. That way, the ATO won’t send you reminders or take compliance action against you.
You can find out whether or not you need to lodge your tax return here.
However, if you forget to lodge your tax, or don’t get round to it in time, there are repercussions:
- A fine of a minimum of $222 and a maximum of $1,110
- Default assessments for severely overdue lodgements
- Possible prosecution for $9,000 or 12 months in gaol
- Increased risk of being reviewed or audited by the ATO.
What is the easiest way to lodge my Adelaide tax return?
myTax
myTax is the ATO’s quick, safe, secure and totally free way to prepare and lodge your own Adelaide tax return. In order to lodge your tax this way, you’ll need a myGov account that’s linked to the ATO and returns are usually processed within two weeks.
The benefits? myTax is strictly online, so you won’t need to download any software. And you can use any device to lodge your return – computer, smartphone or tablet – whatever suits you!
The downsides? While myTax may be free to use, it doesn’t come with the professional support and advice you’d get with a fully-trained accountant. That may be fine for those with simple, basic tax returns that don’t require any deductions, but for others, it can be a confusing nightmare.
And if you decide to lodge your tax with myTax, remember to do it quickly. The deadline to lodge your tax return via myTax is the 31st of October. Whereas the deadline for tax agents is May the following year.
Registered tax agent
A tax agent is a qualified professional who can help you prepare and lodge your tax return. All tax agents must be registered with the Tax Practitioners Board (TPB) – this ensures that the agent you choose will provide you with the right consumer protection. And you don’t even need to meet your tax agent in person – they can still submit your return online for you, giving you the flexibility and convenience to suit your lifestyle.
But the real advantage? Tax agents don’t just make lodging your tax a breeze, but they also offer their expertise and knowledge to get you the biggest return possible. A quick conversation with the right accountant could save you hundreds, or even thousands, of dollars.
Read: Adelaide accountants: What to look for in an accountant
However, for those on a tight budget, hiring a tax agent can become pricey. Tax agents and tax professionals usually charge between $100-$280 to fill in and lodge your tax return on your behalf. If you have a business, that price tag is set to grow between $300-$1000.
Online with Pisani Group
Long gone are the days of juggling your life around for an appointment with your accountant. Thanks to our online tax return service, you can lodge your tax anytime, anywhere. All you need is an internet connection.
Our online form asks all the same questions an accountant would ask in an in-person appointment. Simply attach your deductions – photos of receipts, photocopies of invoices, or even screenshots – and we’ll take care of the rest. If you ever get stuck or need help filling out the online form, simply shoot an email through to info@pisanigroup.com, and either Danielee, Jie, Jonty, or Kate will get back to you.
Back at our Pisani offices, our team of experienced accountants will tackle your tax return for you. Your online tax return will then be processed within 48 hours – less time than it takes to wait for an in-person appointment.
Our step-by-step online form will give you the confidence that all your information is correct and that you won’t be penalised for inaccuracy. Our form asks simple and intuitive questions while the real work is done behind the scenes for you. And you don’t even have to spend time signing a million documents. You can use an electronic signature with a simple click of a button.
Find yourself getting interrupted or just short on time? We give you the option to save what you’ve already done so you can return to it at a more convenient time.
But we’ve saved the best till last – by submitting your tax online with us, you’ll save $50! Our service fee to submit your tax return is usually $149. However, lodging your tax online will only cost $99. This is a once-off fee.
Submit your tax return online with us here
At Pisani Group, we provide taxation services for all people across many industries and work closely with our clients to ensure they claim all the right deductions. So let us take care of your tax return so you’ll receive the most refund possible. Submit your online tax return here.
