How to qualify for the $69 Tax Return
- You must have employment income only
- Have few deductions only (2 or 3) OR
- Your total work expenses are less than $300
How to qualify for the $99 Tax Return
- You have employment income only
- Before your appointment..
✅Find all your receipts before visiting us and add up similar receipts that are under $300 for a single item.
✅Add up kilometers traveling for work, exclude travel to and from work. Have this number ready.
✅Add up PPE purchases. Have this number ready. Do not include NON-PPE items
✅Add up donations
✅Add up the hours you worked from home
✅Find your receipt for last year's tax return fee
If your total deductions are above $300, ATO advises that you ensure you have receipts for all expenses. So keep them in case ATO ever asks you to present them. You need to keep these for 5 years.
Keep in mind:
If any item you purchased for work is over $300, it may need to be depreciated. There maybe a small increase in the fee.
If there are too many categories of expenses, your fee can increase by $10 to $30. But don't let that deter you. The tax savings are usually higher than the small increase in fees.
Ambiguous expenses do increase fees.
If we need to determine the deductibility of an expense or the relevant portion of it, you can expect a small increase in fees.
➡️ Examples:
1. Sarah spent $2,000 on a course. She would like to claim it. But ATO has strict rules and we have to determine its deductibility.
2. Michael paid for work shoes and he would like to claim it. ATO has strict rules. We have to help Michael to determine if he can claim those shoes.
❌What NOT to do❌
❌ Do not look for your receipts during meeting.
❌ Do not guess expenses.
❌ Don't include expenses that you don't have receipts for.
❌ Do not include work clothes that are not PPE or distinctive uniforms.
❌ Do not include expenses that are not directly related to earning your employment income (travel to and from work and parking are not tax deductible).
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