Low income earners may still need to lodge a Tax Return

Did you know that low income earners may still need to lodge a tax return. One common misunderstanding is that if your income is under the tax free threshold of $18,200 that you do not need to lodge a tax return. 

In some cases you do. 

They include if you:

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had pay as you go (PAYG) withheld from payments you received during the year

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had a reportable fringe benefits amount on your PAYG payment summary

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had reportable employer superannuation contributions on your PAYG payment summary

• 
  

made a loss or can claim a loss made in a previous year

• 
  

were an Australian resident for tax purposes and had exempt foreign employment income and $1 or more of other income

• 
  

are entitled to the private health insurance rebate but did not claim your correct entitlement as a premium reduction

• 
  

were a liable or recipient parent under a child support assessment unless you received one or more Australian Government allowances, pensions or payments for the whole year and your income was less than $24,535

• 
  

operated a business as a sole trader under an ABN  

For more information please see the ATO's guide "do I need to lodge a tax return for 2018"

Our PAYG Tax Returns are only $99. 

If you require a NIL lodgement return we can process this for $25 (no limit on how many years are involved) 

For further information or to book an appointment please call us on 07 5502 6673