We’ve been busy getting our systems, and processes improved for the busy 2015 Tax Refund season ahead. This year’s tax is even simpler than last year, you lodge your Tax Return with Refund Express and get your REFUND direct deposited into your bank account starting at the low cost of just $99. We don’t add GST or account keeping fees, if you pay by Credit Card, the return costs just $69.
Your Tax Return is due to be lodged between July the 1st and October 31st 2015, unless you use a Registered Tax Agent like Refund Express. Being that it takes between 5 and 10 minutes to complete your Tax Return with Refund Express, why wait? Get processing and our team of accountants will have it processed and lodged in no time.
This year the ATO has simplified car related expenses when it announced that it has abolished the “12 percent of original value method”, and the “one-third of actual expenses method” for calculating an individual’s work-related car expense deductions. Where the “cents per kilometre method” will also be changed to just one flat rate set at 66 cents per kilometre. These changes are to take effect from 1 July 2015 and will only affect the 2015 Tax Return on wards.
To help you claim the most this year on your motor vehicle claim, you may like to select to use the log book method. Ensure that you have kept an accurate and complete Motor Vehicle Log Book for at least a 12-week period. The start date for the 12-week period must be on or before 30 June 2015. You should make a record of your odometer reading as at 30 June 2015, and keep all receipts/invoices for your motor vehicle expenses. Once prepared, a log book can be used for a 5 year period should the nature of the travel, type of vehicle and business use percentage not alter. Keep all your receipts relating to running and maintaining the car for the year and use them to fill in your expense on Refund Express’s easy tax return solution.
If you’re eligible for these deductions, you owe it to yourself to claim what you’re owed! Don’t let that extra cash drive away into the sunset. Let us help you, start your return with us now!