It’s Tax Time!
Love it or loathe it, if you earned income in the last financial year, you have to lodge a tax return.
I have always lodged my own return with the exception of one year where I paid a Tax Agent to do it and saw no benefit at all. Not wasting that money again!
First it was the Tax Pack paper system, and then eTax came along. I got used to it, and the only thing that annoyed me was wading through so many pages that did not apply to me.
Fortunately my financial affairs are quite straight forward, so I decided to get on the band wagon early this year and instead of putting it off until I HAD to do it, I jumped on the ATO website to download eTax 2014 and made a very pleasant discovery.
There is a fabulous new, simplified version of eTax called MyTax.
You will need a Mygov account to access MyTax.
If you already have one, you simply login and add the Australian Taxation Office link.
If you don’t have one, just like me, it took me all of 2 minutes to have it set up and active.
With just 10 straightforward pages to complete you are done. Thanks to ‘pre-fill’ a lot of my information such as wages and bank interest was automatically added for me, which saves time and helps avoid mistakes. If you have all your figures worked out before you log in, it will only take 5 – 10 minutes!
If you need help to clarify anything, MyTax contains clickable links just like eTax.
The Australian Taxation Office has a quick check guide to help you work out if you are eligible and you can access it here.
If you think you are due for a refund, get lodging!
MyTax is just awesome and you won’t believe how easy it is.
Do you do your own tax returns?
What will you spend or save your refund?
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