TAX TIPS or FREQUENTLY ASKED QUESTIONS
1. How much is this service going to cost me?
2. When do I have to lodge my tax return?
3. What do I need for my appointment?
4. What can I claim as deductions?
5. What about family payments and child care costs?
6. I am Senior Australian, what about me?
7. Our Guarantee
1. How much is this service going to cost me?
The fee for tax return preparation depends upon the complexity
of income and deductions involved. The fee for most "I" returns
is between $110 to $150 where the fee is paid by cash, cheque
or credit card at the time of preparation. That fee is tax deductible
in the year paid.
Can I have your fee taken from my refund?
We can deduct the Oz Refunds fee from the ATO refund and have
the net funds deposited directly into your own bank account..
An additional fee of $33 is charged for this service. Sometimes
the ATO will reduce your refund because of unpaid child support,
unpaid HECS charges, family payment overpayments and other charges.
This can result in extra charges being raised by Oz Refunds.
If this is a concern you should let us know at the time of your
What hours are your offices open during the year?
The Oz Refunds offices are open during the peak tax period 5
days each week from 10am to 8pm. On Saturdays by appointment
until 5pm. The making of an appointment is recommended to lessen
any waiting time. Call us on 1300 136 344 to arrange a convenient
When do I have to lodge my tax return?
You should lodge your tax return by 31 October 2006. If you
think you might have a tax debt ring Oz Refunds on 1300 136 344
to arrange an appointment as soon as possible.
Do I have to lodge a tax return?
Some individuals do not have to lodge a tax return. Each person's
situation will differ due to age, income and expenses. Seek expert
advice from the Oz Refunds office on 1300 136 344.
Can you prepare more than 1 year's returns at the same time?
We can prepare and lodge all past year's returns together at
the same time. The current year's refunds will be returned in
the normal period but there may be slight delays with refunds
coming from the ATO for previous year’s returns and possibly
not arriving together.
I’m living overseas. What can I do about my tax return?
You’re still obliged to lodge a tax return for the period
you worked in Australia or earned income here. Contact Oz Refunds
on 1300 136 344 to find out more.
I’m on a working holiday. Do I need to get a Tax File
A Tax File Number (TFN) is required in order to work and be
properly recognised for tax purposes in Australia. An Application
Form may be picked up from any branch of the ATO or contact the
Oz Refunds office on 1300 136 344.
Can I be penalised for lodging my return late?
You may receive a fine or interest penalty charge from the ATO
if you lodge your return late. Generally if you are entitled
to a refund those penalties are minimal. Oz Refunds has lodgement
extension facilities that will minimise such charges. Contact
the Oz Refunds office on 1300 136 344 as soon as possible.
How long will my refund take?
Last year the Australian Tax Office (ATO) was able to process
almost 90% of returns within 14 working days. Delays may be encountered
due to data matching between the ATO and Centrelink. If your
refund has been with the ATO for more than 21 days then contact
the Oz Refunds office for further assistance.
What do I need for my appointment?
You should bring with you any PAYG Payment Summaries you have
received from employers, dividend statements, bank interest records,
income distribution statements, etc. Any receipts, diary records,
to substantiate your claims for deductions.
What if I don't have a Payment Summary from a job?
If you are still missing one of your payment summaries then
you need to contact that employer as soon as possible to obtain
it. If you can't get one from that employer then contact the
Tax Office on 13 28 61. Don't forget to include all your payment
summaries, even if you've only worked in a job for a couple of
I received money from the government during the year; do I
need to include it in my tax return?
Some government payments and allowances are included as taxable
income, others are not. It's important that you declare any taxable
payments such as age pensions, Newstart allowance, youth allowance
or Austudy in your tax return. A complete list of payments which
do not need to be included on your tax return can be determined
at your interview.
I received a dividend statement, what do I need to do with
You need to include all dividends and any other interest earned
on bank accounts as income. If you've already closed any bank
accounts, don't forget to include any interest from these accounts
in your tax return.
Do I get all my tax back if I only work a few months of the
No. The tax you are required to pay is calculated on your total
income earned during the whole year. Whether all your income
is earned in 1 day or 12 months makes no difference.
What can I claim as deductions?
Can I claim any deductions if I have no receipts? Under some
circumstances receipts are not required, but in order to maximise
your tax deductions, we recommend you keep all your work and
business related receipts and have them with you at the time
of your return interview.
Can I claim travel for my work?
Home to work and return travel is generally not claimable except
in certain circumstances. Travel between jobs on the same day
and travel for work (i.e. visiting clients, doing pick-ups or
deliveries) would be claimable. If you use public transport then
keep all receipts and/or diary records. If you use your own car
then you need to keep a record all business mileage travelled.
You should also record expenses of the car including petrol,
repairs, registration, insurance and interest on a car loan.
How much can I claim on my motor vehicle?
There are different methods for claiming expenses in relation
to the business use of your motor vehicle. These can be complex
so to maximise your potential claim you should maintain a daily
mileage log book for at least three months of the year and a
record of any expenses for the full year. Call in to your nearest
Oz Refunds office for a brief explanation of how to record and
maintain the logbook.
How much can I claim if I buy a computer?
If you purchase a computer for use in your work or business,
you can generally claim a percentage of the depreciation based
on your work or business use. The depreciation allowed will depend
on the expected life of the computer or how long it is expected
to be current
Can I claim my work uniform as a tax deduction?
Deductions for uniforms can only be claimed if the work uniform
is specific and identifiable to your organisation (such as chef's
checked pants) or protects you from injury whilst you are at
work. You can't claim the cost of a plain uniform or conventional
clothing, such as white shirt and black pants or skirt which
is commonly worn by waiters and waitresses, even if your employer
tells you to wear them.
What deductions can I claim if I'm studying?
Only study directly related to your current job may be claimed
as a self-education expense. For example if you were a waiter
and you were studying book-keeping then you wouldn't be able
to claim the cost of the course as a work related expense - even
if you were looking for work as an accountant.
Can I claim your fee as a deduction?
Our fees are fully tax deductible in the year paid This one
time fee gives you:
* Personal attention from specialist consultants.
* Final checking, recording and lodgement of your return.
* All year advice about your return.
What about family payments and child care costs?
How much can I claim for my wife and my children?
The amount you can claim will depend on the income levels of
you and your individual family members, the age of your children
and any amount already received through Centrelink or Family
Assistance Office payments. It is important that you bring all
these details with you when you attend an Oz Refunds office to
have your return prepared.
We had a baby last year, who should claim the “baby bonus”?
This is only applicable for children born between 1 July 2001
and 30 June 2004. The baby bonus is intended to compensate for
the loss of income following the birth and will normally be claimed
by the mother. It is not necessarily best for the person with
the highest income to claim the baby bonus. If you have an ongoing
claim you should have those details available for your interview.
If you don't need to lodge a tax return then you can lodge the
Can I claim the 30% child care tax rebate?
You may be able to claim a rebate of up to $4000 per child per
year for your out-of-pocket child care expenses for the period
1 July 2004 to 30 June 2006. Bring your receipts or similar records
of your child care costs. If you are not required to lodge a
tax return, you may transfer the rebate to your spouse.
I’m a Senior Australian, what about me?
You could claim the Senior Australian tax offset This tax offset
means many seniors can reduce the amount of tax and Medicare
levy they pay. In some cases people may not have to lodge a tax
Every aspect of a client's tax return will be held in strict
confidence. Every return will be prepared by an Oz Refunds consultant
and double checked prior to lodgement. Every legitimate deduction
or rebate will be claimed. If we make an error that results in
additional tax or penalties imposed by the ATO over and above
your correct position we will pay that penalty or interest.
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