Tax time is almost here and if things have been a bit different for you this year you may be unsure if you actually need to lodge an etax return.
Below are some common reasons, if any of these situations fit you then you must lodge an etax return.
TAKE A READ: The Importance of Lodging Your Tax Return on Time
Remember if you meet any of the above reasons you will need to lodge an etax return. The above list is the most common factors but is not all the reasons that require the lodgement of an etax return.
If you don’t meet any of the conditions requiring you to lodge an etax return, then you must inform the taxation office that you will not be lodging for the applicable year. This can be done by lodging a non-lodgement form with the taxation office. If you are receiving payments from Centrelink be sure to also let them know you are not lodging an etax return.
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Note that the information provided is general in nature and subject to change, please contact one of our professionals who can evaluate your circumstances and provide more accurate advice to your current situation.