Tag: financial year 2015-2016

Posts Tagged ‘financial year 2015-2016’

It’s Not Too Late to Lodge a 2016 Tax Return Online

Always running late? Stay on time this tax season!

The tax deadline to lodge your 2016 tax return is 31 October. Maybe you’ve been late lodging your tax return in the past but we’re going to help you turn over a new leaf. E-Lodge makes it easy for you since you can lodge your 2016 tax return online, right from the comfort of your own couch!

Let’s discuss a few tips that will make this process as stress-free and simple as possible.

 

Make sure you have your PAYG Summary (and other income documents).

This may seem self explanatory but is easy to overlook sometimes. According to the ATO, employers should have employee PAYG payment summaries issued by 14 July. That being said, you should have your PAYG by mid-July whether or not the withheld amount is nil.

Don’t have yours yet? We can help with that.

There are a few ways to track down your payment summary:

  • Request a copy from your employer
  • Request a letter from your employer which stated your income and amount withheld
  • Review your payslips, timesheets and bank statements

Worst case scenario? You can lodge your tax return without a PAYG. Of course, you’ll need to estimate your income and withholding details as best you can. For help, use the ATO’s tool, gross pay estimator. Read the rest of this entry »

What are the Australian Financial Year Dates?

Mark your calendar. The Australian Financial Year Runs from 1 July to 30 June.

The Australian financial year dates can easily be confused with the Australian tax season dates. The financial year always ends on 30 June.

It’s good to keep in mind that during the Australian tax season, you’ll report the income you earned throughout the financial year.

Still confused? Unsure of the dates? We’re here to help.

Financial Year & Tax Season Dates

Here’s what you’ll need to know…

2013-2014 Financial Year: 1 July, 2013 – 30 June, 2014

2014-2015 Financial Year: 1 July, 2014 – 30 June, 2015

2015-2016 Financial Year: 1 July, 2015 – 30 June, 2016

2016-2017 Financial Year: 1 July, 2016 – 30 June, 2017

Read the rest of this entry »