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Should I Lodge Online or Find A Tax Accountant?

Are you looking for a tax accountant?

Many taxpayers are searching for a tax accountant near their area to lodge their tax returns. However, what would you say if you could lodge right from your bedroom?

Check out these steps on how to easily lodge your tax return online and tax tips on how to choose a tax accountant. Afterward, you can choose which option is right for you.

What about saving time? 

With E-lodge, our tax preparation services provide you with a user-friendly site, with which you can enter all the information. Unlike online tax services who you are paying for the complexity of your return, private accountants charge higher flat fees per the hour you are spending on your tax return.

On top of that, you don’t need to leave your home or can even finish your tax return on your lunch break. Here’s how to lodge your return online with us: Read the rest of this entry »

What If I Lost or Did Not Get My PAYG?

14 July is the deadline for your employer to issue you your PAYG.

 

What do I do if I have not received my PAYG by 14 July?

From where you stand, there are no obvious penalties you could impose on your employer. However, they are in fact subject to another deadline: on 14 August, they must have their complete PAYG report for all employees submitted to the ATO. If they fail to do so, they will be faced with a failure-to-lodge on time penalty.

With that out of the way, you still need access to your PAYG so that you can lodge your tax return on time. What can you do?

You have three options:

  1. Contact your employer. Give them the benefit of the doubt and consider that they have a lot on their plate and it slipped their mind.
  2. Wait until 14 August and give the ATO a call. Remember, that’s the deadline for employers to submit the full company report.
  3. See Can I lodge without a PAYG? below.

 

What if I have ceased employment with a company?

If you are no longer employed by a company as of this year, you may have a higher chance of not receiving your PAYG on time. Although these are documents generally compiled and mailed together, there tends to be a bit of tension between employees and their former employers. If bridges were burned or you’re simply out-of-sight, out-of-mind, you may need to step up and make a call to your former employer. Either way, your employer has 14 days to issue your PAYG from the date you make a written request.

 

Can I lodge without a PAYG?

Read the rest of this entry »

Have a PAYG payment summary? How to Lodge Your Taxes with E-Lodge!

Are you ready for the 2015 tax season? Who ever is, right? Well, E-Lodge is here to help.

1. Start by gathering the following papers:

  • A PAYG payment summary supplied by your employer or supervisor.
  • A PAYG payment summary supplied by Centrelink
  • Reports of your spouse’s taxable income (if you have one).
  • Documents reporting all deductions and expenses.

2. You will need a tax file number to lodge your tax return online. If you don’t have one, you’ll need to apply for one at https://www.ato.gov.au/Individuals/Ind/Apply-for-a-TFN-on-the-web. You can also fill out a paper application at any local post office.

3. Have your TFN and PAYG in hand? OK, now go online to  E-Lodge and create an account. It’s simple: make up a username and pick a password. Then, follow the steps below. You could be done in 10 minutes. Seriously. Here’s how it goes: Read the rest of this entry »

How to Lodge a Tax Return without a Payment Summary

Follow these steps to find your missing payment summary or lodge a tax return without one

For most people, lodging taxes is a pretty simple process. They just plug the information from their payment summary into an online application like E-Lodge and their return is taken care of automatically.

But what if you don’t have a payment summary? Suddenly things become a lot more difficult. Don’t worry, while lodging a return without a payment summary is more difficult, it’s not impossible.

Be on the lookout for your payment summaries

You should receive a payment summary from each employer you worked for or payer you received income from during the financial year, including Centrelink. Each payment summary shows the income you received from that payer and the amount of tax that was withheld. It may also show allowances, fringe benefits, and other payments related to tax and super.

Examples of PAYG summaries are:

  • PAYG payment summary – individual non-business (NAT 0046)
  • PAYG payment summary – employment termination payment (NAT 70868)
  • PAYG payment summary – superannuation lump sum (NAT 70947)
  • PAYG payment summary – superannuation income stream (NAT 70987)

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