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Free Tax Resources, Guides and Tools for Australian Taxpayers

Plain-language tax guides, a free refund calculator, and practical articles written by registered Chartered Accountants. Everything you need to understand your tax obligations and make the most of every return.

Tax Calculator

Calculate your numbers (without the headache). Use our free calculator to see what your refund could look like.

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Blog

From tax myths to money hacks, get smarter (and entertained) with every scroll through our blog.

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Guide

Tax guides, minus the jargon. Learn what matters and file like a pro (even if you are not one).

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  • FAQ

Frequently Asked Questions

1. What do I need to lodge my tax return?
The key items you will need are your income statements from employers (available through myGov or ATO pre-fill), bank interest statements, details of any investment income, receipts for work-related expenses you plan to claim, and your bank account details for the refund. If you have a rental property, investment portfolio, or crypto activity, you will also need records relating to those. Your Tax NextGen consultant will confirm exactly what is needed for your specific situation at the time of booking.

Rental income is added to your total taxable income for the year and taxed at your marginal income tax rate. So if your combined income, including rent, puts you in the 37% tax bracket, your rental income is taxed at 37%. The good news is that most rental property expenses can be deducted against that income, including mortgage interest, council rates, property management fees, repairs, insurance, and depreciation. If your deductions exceed your rental income, the resulting loss can often be offset against your other income through negative gearing.

The lodgement deadline for individuals who self-lodge is 31 October each year. If you miss this and lodge late, the ATO can apply a Failure to Lodge (FTL) penalty. However, if you engage a registered tax agent like Tax NextGen, your lodgement deadline is typically extended to 15 May of the following year, which gives you significantly more time. If you already have an overdue return, the best course of action is to lodge as soon as possible. Coming forward voluntarily is treated more favourably by the ATO than waiting to be contacted.

The ATO typically processes electronically lodged returns within two weeks and issues the refund to your nominated bank account shortly after. At Tax NextGen, most returns are lodged within 24 hours of your consultation, and most clients receive their refund within 7 business days of lodgement. Processing times can vary during peak periods, particularly in July and August when lodgement volumes are highest.

Yes. If you have overdue returns from one or more prior years, our registered tax agents can prepare and lodge all outstanding returns in a coordinated engagement. We prioritise the years most likely to result in a refund and manage the ATO communication on your behalf. Current year refunds typically process quickly. Prior year returns may take longer depending on how the ATO handles the backlog.

Need Help Claiming Your Deductions? Talk to a Registered Tax Agent.

Knowing what you are entitled to claim is one thing. Making sure it is claimed correctly in your return is another. Book a free consultation with Tax NextGen and our registered CAs and CPAs will handle both.

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