In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Tax return
A tax return covers the income year from 1 July to 30 June. When you lodge a tax return you include how much money you earn (income) and any expenses you can claim as a deduction.
It is YOUR responsibility to file your tax return. If you earn money in Australia, you must have a tax file number (TFN) and pay taxes on it. The amount of tax you must pay for a given year is calculated using your annual tax return.
Your income tax is paid by your employer throughout the fiscal year, which runs from July 1 to June 30. If you are self-employed, you may be required to make income tax payments on account throughout the year.
You must file a tax return at the end of each financial year.
Should be within 10 working days after lodgement of your tax return, but some people will wait a bit longer for the ATO to get it done.
Learn MoreWhen taxpayers have too much money withheld, they receive a refund at the end of the year. When you overpaid your estimated taxes as a self-employed person, you obtain a tax refund. While this additional revenue may appear to be free money, it is actually a loan to the ATO that you made without charging interest.
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