ITP are specialists in tax returns for individuals, with over 40 years’ experience in helping Queenslanders get the most back in their return each year. Whether you’re after a simple salary and wage tax return, or need expert tax advice – we’re here to help.
Let’s get the technical stuff out of the way. A Tax File Number (TFN) is a number that identifies you in the Australian tax and superannuation systems. It’s a unique, 9-digit number you likely received from the Australian Taxation Office (ATO) when you got your first job.
How many times have you said no to a receipt, and then realised later you actually needed one? Poor or inconsistent record keeping is common when it comes to tax preparation, but can be avoided by creating a few good habits.
Tax season is well underway, with this year bringing record numbers of early tax return submissions as a result of Coronavirus. But getting in quick can pose problems, particularly if you’re in a rush and you’re doing your tax by yourself.
30 June is a date most of us associate with the end of the financial year and the beginning of tax return season. But what’s less clear, are the deadlines for completing your tax return. This date can be different depending on whether you’re a business or an individual, as well as a range of other determining factors.
Well, it’s that time of year again. The time to round up your receipts and get ready to lodge your personal tax return. But let’s face it - unless you’re a tax professional, doing your taxes isn’t likely to be top of your list for the most relaxing or fun things to do. It can be confusing, time-consuming and stressful, which is why so many people turn to a professional for help.
Australian tax collections are used to provide critical services and infrastructure, including our health system, education, roads and railways, defence and more.
The government introduced Single Touch Payroll (STP) in 2019, but this year is the first year that STP is mandatory for all size businesses. But what does it really mean for you and your return?
2020 has been a year full of crises and economic hardship, prompting the government to introduce a range of new measures, tax laws and stimulus packages to provide relief for individuals and businesses.
Getting your personal tax in order can be an arduous task, let alone weaving your way through a standard business return.
If you’re one of the many businesses applying for the JobKeeper payment, most likely you will have many thoughts and questions.
Are you in business and unsure about applying for the JobKeeper payment? There have been some important changes in the last 24hrs that might help your circumstances. Let’s quickly run through the changes.
Are you thinking about doing your taxes again? Need an excuse not to? We hear you. Doing your own tax takes time, and can be quite complicated and tedious.
Working from home because of the Coronavirus? Confused about the correct way to claim your extra expenses? If this is you, here’s the latest and easiest methods to claim your expenses if you are stuck at home between 1 March and 30 June. Time to get updated!