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...
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...
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...
The health impact of the coronavirus (or COVID-19) has been immense and continues to have drastic consequences throughout Australia and the wider world. The other effect has been one of economic and social impact. Thousands upon thousands of employees have lost their...
Few people could have predicted the impact of the coronavirus (or COVID-19) and the devastating consequences that it is brought upon communities throughout the world. No country has been immune to the effects of the virus and what it has meant for people’s health and...
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,...
From all the things to consider after a natural disaster such as the recent bushfires – accounting and financial advice is probably not at the top of the list. Knowing where you are financially and what your financial standing means for your immediate and long-term...
Making the most of your finances is critical in today’s world. If you aren’t able to keep on top of where you stand economically, you could be setting yourself up for trouble rather than setting yourself up for a better financial future. Knowing if you need a...
Having a local accountant is an asset that can’t be overestimated unless it is your health. And wealth is your winning way to healthy finances. If you’re looking for qualified accountants in Malvern East, between the suburbs of Caulfield and Mt Waverley, you can’t go...
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...
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