Taxation

How long does the ATO take to process tax returns and why?

It seems like a simple question to ask ‘How long does it take for the ATO to process tax returns?’, but the answer depends on a few key factors. As long as you have all your income and the amounts properly outlined – including no out of the ordinary deductions – there...

What do mean by Tax Return and how to get the best from yours

When the question comes up “What do you mean by tax return?”, the answer is not as simple as you might think. Firstly, a tax return is often thought to be a way to get your tax returned to you. This is an easy mistake to make. In fact, a tax return is a document that...

The Pros and Cons of lodging your tax return early

Knowing when it is best to lodge your tax return is best left to the professionals. Why? Understanding the pros and cons of lodging your tax return early can make a huge difference to your financial well-being. Can you lodge tax return before the end of financial...

Why tax planning is different to tax minimisation

There is an important difference between tax planning and minimising your tax. Understanding your financial standing is the key ingredient to making sure you know where you are today and where you can go tomorrow. Tax planning helps you keep control of your cash flow,...

An ace with tax returns for 2019

The countdown to the 31st of October is over. It’s not too late to talk to a registered tax agent for help. With the right professional assistance, you can look after your tax commitments. That’s where contacting the financial experts at Ruth Watson & Associates...

How accountants in Malvern East make a difference to your tax

Finding an accountant who can look after all your financials is more than worth the effort. Many people are in a rush to get whatever money back they can. For this reason, it’s easy to see why many people can miss what they could legitimately claim and receive. This...