Tax Time Save money?

Tax Time Save money?

Tax time Save money, yes of course. Now, here in Australia, the Australian income finish on 30 June of every year, after that everyone has to return their tax. Either, if you are a student, Backpacker, full time worker, part time worker or Casual worker of course you have paid a tax to Australian government. It’s time to return it. Read this article till finish, this article going to save your money from around $40 AUD to $100 or more than that.

One week ago, my friends ask me about my tax return, how you going to return your tax? Do you need an accountant? And I said to him

“Oh, yes of course I am working as a casual worker, so that obviously I need to return my tax.”

Again, he said to me
“Ok, that’s alright I am going to help you, I have an accountant he only charges you $40 AUD, this is discount for student I am going to give you a discount because of you are student”

Then I said to myself “I can do it by myself why do I need an Accountant, I don’t need to pay that much money”, but later on what I said to him was that I appreciate for your help, till now I don’t have a PAYG summary, after I get a PAYG I will let you know.

Then I went to home and I done everything by myself save a $40 AUD. I am going to give you an idea how you also can save that much money or more than that.

I am sure that you have a Tax File number (The Files that you can get from the Australian Government). This is look like files but they use this number to determine you and everything that you earn in Australia. For more information you can get some idea what is Tax file number in this link

https://www.ato.gov.au/Individuals/Tax-file-number/

The shortcut name of Tax File Number is TFN.

Let’s talk about how I am going to save your $40 AUD or more than that. Do you know? Accountant charge you around $40 AUD or more than that, but in fact this task you can do by yourself easily in 10 Minutes.
Let’s get start:
Before everything you have to create a myGov account, by clicking in this link
https://my.gov.au/LoginServices/main/login?execution=e2s1

After that you can see home pages like this

Picture: Home page of myGov

If you already have a myGov account then you don’t need to create account but if you don’t have
Click on the Create an Account after that you will see page like this:

Picture: After log on in myGov You will see page like this

In above picture you can see that the Australian Taxation Office is already lined but, in your home page you don’t see like this you will see Australian Taxation office under a Link a Service.

To return your tax all you have to do is link your service to the Australia Taxation office. There are two ways to link:

1. By answering specific question.
2. By Linking code

Then click on Australian Taxation Office under a Link Service in your home page of myGove.

Picture: The page that you are going to see after click on the Australian Taxation office

First you can try question specific to you but for me it’s not working, that’s why what you can do is, you can click on the USE a linking code and then Grab you phone and call on this number
132861
Than follow the instruction, one thing you have to remember that the office should be open on this time, you need to talk with the Australian Taxation office Employ so they will give you a linking code after that you have to type a liking code but before that Click on liking code. Remember that where you are going to call them you should have:

1. Password with you.
2. Tax File number.
3. Your date of birth.
4. Email access.
5. Mobile access.
   After verify you, they’ll give you a Code, linking code by using this linking code you can connect your myGov account with Australian taxation office.
   In final you’ll see your all tax withhold and everything in the screen all you have to do is lodge now and answer the specific question when you are trying to lodge the tax return.
   
   Picture: After you connect an Australian Taxation office you’ll see like this on your home page.

Furthermore, you have to click on Australian Taxation office then you can lodge for you tax, if you did not return your tax for previous year, you also can return tax from the previous year.
While you lodge for Tax return it will ask you some basic question such as bank account and some other basic information about you. If you face any problem during the process just let me know I am always here for you.

Picture: After you lodge your Tax return, you will see like this in the home page of Australian Taxation office.

Want to contact:
Writer
Shiva Prasad Bhandari
Linkedin: https://www.linkedin.com/in/shiva-prasad-bhandari-b1b37b130
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