When it comes to tax season, many Australians feel a bit overwhelmed. Lodging your ATO tax return might sound complicated, but don’t worry — it’s actually pretty straightforward once you know the steps. Plus, with help from experts like Perfect Accounting (highly recommended!), you can make the whole process stress-free.
Let’s walk through everything you need to know, using easy-to-understand language, a few real-life stories, and step-by-step advice.
What Exactly is an ATO Tax Return?
An ATO tax return is basically a yearly summary of your earnings and expenses. You send this information to the Australian Taxation Office (ATO), and they work out if you paid too much tax, not enough, or just the right amount.
If you paid too much (yay!), you’ll get a refund. If you didn’t pay enough, you might owe a little more.
Why Lodging Your Tax Return Matters
Imagine this:
Samantha, a full-time nurse in Melbourne, skipped her tax return two years in a row. She thought it didn’t matter because she was “just an employee”. Later, she was hit with late lodgment fines and lost her potential refunds.
Moral of the story? Always lodge your tax return — even if you think you don’t owe anything.
It’s not just about getting refunds; it’s also a legal requirement for most people earning an income.
Who Needs to Lodge an ATO Tax Return?
You must lodge an ATO tax return if:
-
You earned more than the tax-free threshold ($18,200).
-
You had tax withheld from your income.
-
You ran a small business.
-
You received government benefits (like JobSeeker).
-
You earned income from investments or side hustles.
Not sure if you need to lodge? No worries! Perfect Accounting can give you instant advice.
Step-by-Step: How to Lodge Your ATO Tax Return
Let’s break it down super simply:
1. Get Your Documents Ready
You’ll need:
-
Your PAYG Payment Summary.
-
Details of any additional income (freelancing, investments).
-
Receipts for deductions like work-related expenses.
-
Bank statements showing interest earned.
2. Choose How You Want to Lodge
You can lodge:
-
Online via myGov linked to the ATO (most popular way).
-
With a registered tax agent like Perfect Accounting.
-
By paper (but it’s much slower).
Tip: If you’re running late, agents like Perfect Accounting can even extend your deadline!
3. Fill Out Your Return Carefully
Whether you’re using myGov or an agent, double-check all the information. Mistakes can delay your refund — or even trigger an audit.
4. Submit and Relax
After lodging, the ATO usually processes returns within two weeks if done online. Keep an eye out for any communication from them.
Common Deductions to Boost Your Refund
Don’t leave money on the table! Here are some things you might be able to claim:
-
Work-related expenses (uniforms, tools, travel).
-
Self-education expenses.
-
Donations to charity.
Perfect Accounting can help find deductions you didn’t even know you could claim.
What Happens If You Lodge Late?
If you miss the deadline (usually October 31st), you might face a fine.
However, if you work with Perfect Accounting early, they can lodge it on your behalf — often with extended due dates.
Why Choose Perfect Accounting for Your ATO Tax Return?
Here’s why so many Australians trust Perfect Accounting:
✅ Experienced Accountants — they know every ATO rule inside out.
✅ Max Refunds — they find all eligible deductions.
✅ Stress-Free Process — they handle everything for you.
✅ Affordable Rates — perfect for individuals and small businesses.
When you let pros handle your tax return, you avoid mistakes, get your refund faster, and have peace of mind knowing it’s all done right.
“Last year, I was terrified of doing my tax because I had two jobs and freelanced a bit. Perfect Accounting sorted everything — and I even got a bigger refund than expected!” — Rachel, Brisbane
Final Thoughts
Doing your ATO tax return doesn’t have to be scary. By getting organised early, understanding the basics, and leaning on expert help like Perfect Accounting, you can glide through tax season with confidence.
Ready to get started?
Visit Perfect Accounting today and take the first step toward a smooth, stress-free tax return!
FAQs
When is the ATO tax return deadline?
-
October 31st each year (unless you use a registered agent).
Can I do my tax return myself?
-
Yes! But if your situation is tricky (multiple incomes, investments, deductions), getting help from a professional is smart.
What if I make a mistake?
-
You can amend your return later. Better yet, avoid mistakes upfront by using Perfect Accounting!
Bonus Tip
Start gathering your receipts and important documents now — it’ll make life so much easier when tax time rolls around!
Need Help?
Click here to contact Perfect Accounting!
Lodge online using myTax through myGov
Follow these steps to lodge your tax return online through myGov: Sign in to myGov. Select Australian Taxation Office from your linked services. Select Tax from the menu or tab, then Lodgments and then Income tax
How to submit a tax return?
eFiling on your computer – simply register for eFiling at www.sarsefiling.co.za. The SARS MobiApp from which you can complete and submit your Income Tax Return (ITR12). Filing electronically at a SARS branch where an agent will assist you – please remember to bring along all your supporting documentation.
How do I contact ATO?
How much tax should I pay in Australia?
| Taxable income | Tax on this income |
|---|---|
| 0–$18,200 | Nil |
| $18,201–$45,000 | 19c for each $1 over $18,200 |
| $45,001–$120,000 | $5,092 plus 32.5c for each $1 over $45,000 |
| $120,001–$180,000 | $29,467 plus 37c for each $1 over $120,000 |
