It’s tax time and finder.com.au is here to help you from start to finish.
We’ve previewed some of the premier tax provider services available in Australia, including Tax Return 24/7. Read on for full information.
Who is Tax Return 24/7?
Melbourne based TaxReturn 24/7 has been helping Australians with their tax since 2012. They can help with a range of taxation needs and provide tax advice to people in all circumstances. Their service is conducted over the phone, so you’ll have to have all of your tax information in front of you before you call.
How does Tax Return 24/7 work?
Using TaxReturn 24/7 is quite simple, and is done over the telephone. Before you call or receive a call you’ll need to have all of your information in front of you.
Step 1
Call Tax Return 24/7 or enter their online form indicating a time they can call you.
Step 2
A Tax Return 24/7 agent will talk you through your return and fill it in as you go - If you need to send any supporting information you can do this via email, fax or MMS.
Step 3
Tax Return 24/7 will sign off on your refund and you should get your refund within a few days.
How much does it cost?
The costs for submitting your tax claim with TaxReturn 24/7 are simple and listed in full below.
Individual return
| Type of return | Fee |
|---|---|
| Basic individual tax return | $99 |
| Fee from refund | $10 |
In addition to this simple pricing scheme, there are extras depending on your needs and circumstance.
| Type of Service | Fee |
|---|---|
| Rental property | $79.95 |
| Capital gains tax | $49.95 |
| Business return | $49.95 |
| Sole trader return | $200 |
| Partnership return | $250 |
| ABN/TFN registration | $100 |
Company return
If you’re applying on behalf of your business or company then expect to pay the following fees for your service.
| Type of Service | Fee |
|---|---|
| Company formation | $700 |
| Trust formation (personal trustee) | $600 |
| Trust formation (Corporate trustee) | $990 |
| Company tax return | $1200 |
| Trust tax return | $1200 |
| Business activity statements (BAS) based on numbers provided by client | $50 |
| BAS lodgement including preparation of accounts | $300 |
Can TaxReturn24/7 help with late tax returns?
The longer you leave your tax return the higher chance you have of receiving an Australian Taxation Office (ATO) penalty. Fortunately, TaxReturn24/7 are a provider that can help with a late return, and may even be able to help you avoid any fines. Contact them as per the steps above to find out more.
What kind of deductions can TaxReturn 24/7 help me claim?
There are a whole host of deductions that you can claim on your tax return, some you will know but others might surprise you. Deductions could include:
- Vehicle and travel expenses.
- Clothing, laundry and dry cleaning expenses.
- Gifts and charitable donations.
- Home office expenses.
- Interest, dividend and other investment income.
- Self education.
- Tools and equipment.
- Overtime meals.
- Union fees.
- Cost of managing your tax affairs.
Frequently asked questions
How much money will I get back?
This will depend on your income and circumstances, but many of our tax providers have a calculator on their website to help you get an idea.
Why do we pay tax?
Taxes are how we pay for services that the government provides seemingly for free. Things like roads, emergency services, military protection and the functioning of our government. It can occasionally feel like a pain, but ultimately they are part of the reason that Australia is such a nice place to live.
Can I avoid tax?
No you cannot. To not pay tax that the government requires is against the law. However, it can be possible to reduce your tax rate, or to claim back some of the tax you have overpaid. That is what providers like TaxReturn24/7 are there to help you with.
Users are also requested to read all terms and conditions related document carefully before committing to any Tax Specialists Service.
