How to Lodge Tax Return in Australia Yourself (2024) | Step by Step Guide | Tax Refund 2024
Vložit
- čas přidán 27. 08. 2024
- Contact us on - www.kvst.com.au/contact
WATCH THIS TO KNOW HOW TO INVEST YOUR TAX RETURN - • How to Invest in Stock...
This video is about how you can file your tax return in Australia all by yourself.
This is a step by step guide to filing your tax return.
I’ll be showing you how to link your MyGov account with your ATO (Australian Taxation Office) and then show you how to lodge/file your tax return and also how you can claim deductions from your taxes.
Claiming these deductions can ensure you get the maximum possible tax refund.
Doing this is very easy, you don’t need an accountant or agent to do this for you and can be done in minutes all by yourself.
Link - Link ATO to your MyGov Account
• How to create a myGov ...
Contact us on: www.kvst.com.au/contact
Website: www.kvst.com.au
Instagram: can.d_yt
Subscribe and don’t miss out on the future videos.
Hi Mate, how do I do abn and tfn in the same year thanks
Yes
The only youtuber who clearly and concisely explained it step by step as the title says. Thank you
Thank you
it was my first time.
I lodged my tax by watching your video. Very helpful.
Your Video is really simple for any common man to understand with step by step for each section. Thanks Bro.
I’m glad you found it helpful. :)
You need to keep a roster/diary when claiming the 0.8$ wfh as people love to report that they work 39.5h wfh but in fact were working in the offices for half this time. The ATO will audit this as they are aware of people pulling dodgies. Same goes for travel expenses. Log books are required. Especially if you are claiming for travel expenses (during a pandemic) + wfh. Helpful video! Thanks!
Thank for making this video, Which is concise and to the point and I was able to file my tax returns by following your instructions😊🙏
You are one of those few creators who upload really helpful and genuine content. Thankyou bro❤️🙏. So much more power to you🔥🔥🔥
Thanks a ton brother.
These words mean a lot.
Do I need to get approval of mes form first or I can still say yes even if I do not have MES form ? Can you clear this out
You can say yes ans get the approval letter if they ask for it
@@CanDBawa Thankyou
@@CanDBawa Hi just one question more can we claim fuel if we work on tax. Mosty I tried to search for it everyone say we cannot claim. We can only claim if went for second job from the workplace
This video is BRILLIANT and so HELPFUL! You made the concept so easy to understand! Thanks!
thanks for making this start to finish, it really helps x
Dude just subscribed. You’ve done it mate. It’s easy to work with these tax pages now. Thanks for it. Been struggling to get a decent video on this
Glad it helped!
very helpful.. you gained a subscriber today. Highly recommended to Newbies like me who are lodging tax return for the first time...
🙏🏻 Thank you
Thank you so much brother to make it simple for us. Please upload a video how to lodge uber GST by ourselves and BAS statements. Thank you. Keep up good work bro
Thanks mate for answering every question i had in my mind. Legend.
No doubt it's a quick, DIY Tax and a lot more. The taxation process elaborated very well and warned of bad practices where ATO can charge you a certain amount of penalties and fines. This video is a super tax video as do your tax yourself but if you still remain confused and need a professional tax company support with Tax Return Accountant help to lodge your individual tax return, business tax return, or sole trader tax return, do follow The Kalculators in Adelaide, South Australia for instant tax matters support. The Kalculators Tax Return Services are cheap and affordable with maximum entitlement you can claim and maximize your tax refunds - Thanks for reading and thumbs up to the video artist for such a knowledgeable video.
Thanks so much for this video!! It's well made and to the point.
I got 4K this year. Thanks so much
Just did my lodge and the estimate sucked looked up how to do it better for next time and now I see there’s deductions I could of claimed but never have, really love that for me
You can still amend your return and claim the deductions
Thank you. I took notes the whole way through
this is great. if the ato site is ever online when i am loooking it will be so easy
Thank you very much 🙏 ❤️. Blessing for your kind heart and wishing you more success in your path!
Thank you so much.
thanks for the walk-through - going to be having a go at it this year - i'm paying +$200 for spending 15-20 min while the H&R person is doing nothing more than entering my basic information and I just don't see the value
Can’t you claim this cost off your tax?
I have two questions:
- Can I claim a police clearance check I had to obtain for my employment?
- Is there any way I can keep recording expenses throughout the year as they happen instead of doing it all in one go during the refund period?
Hey, unfortunately you can’t claim the police check fees in your tax return.
The ATO app has an option to track all your deductions throughout the financial year.
You can log your car’s kms too.
Very helpful, Thank you for sharing!
Thank you so much ! I just needed this 😍
You’re welcome :)
Nice work. Thank you for explaining
Can’t we mention about private health insurance
Keep shining boy 👍
Thank you so much for making this video! :)
thank you so much! it was very helpful
this is a very helpful content for me i can't lie
Super helpful, thanks mate
Recommend turning the music in your videos down a bit to make it easier to hear you and focus on your voice when you're guiding us through these things
Cheers, I’ll keep that in mind when editing the next one.
have you tried cash hack program a friend of mine referred me to cash hack program i invested and i got my money back in a matter of hours
Why would you do it yourself ? The cost associated with producing a tax return is tax deductible so why not consult an expert and maximise your return?
Most people doing their tax returns themselves through this video are young professionals and first timers.
Their tax returns are simple and straightforward, therefore why would they pay a tax agent to ask them to provide the information that ATO very clearly asks for on their website and just type it in for them.
The cost is deductible next year but if you deduct $100 you get like $30 back (if you are in the 30% tax bracket).
Being deductible means that it reduces your taxable income, it doesn’t mean you get all the money back.
I acquired a laptop necessary for work purposes. Could you please advise on the process for claiming this expense via MYGOV? There appears to be a lack of accessible information for the general public regarding the procedure for claiming work-related expenses, unless one operates a business, in which case there is guidance available. Could you kindly provide instructions on how to upload receipt proof of purchase to facilitate claiming work-related expenses as an employee?
Hii mate, can you make a tutorial how to claim all tax refund from last 3 years up to current year?
Thank you
It is exactly the same process. You’ll have to do it 3 times (1 for each year)
I just wanna thank you for this video… I wanna do Menulog but when I found out I’d have to manually do my own taxes the thought scared the crap out of me.. but if all I gotta do is report the total earned then I think I will be right
Hey I’m 16 and trying to access ato but everytime I press the link to access the Ato it always says error has occurred and can’t go further. Please help
Call the ato office, it might take 30 to 40 m but they will send you a linking code
It will say error because maybe u login with using id and password. Do the login using mygov id option in the last.
Can you please tell me how to lodge tax with zero income
Please make a video on how to file the tax return if an individual is working and doing uber eats as part time. This type of video is not available on CZcams as per my search
Sure Baldip, I’ll keep it on my list.
have you tried cash hack program a friend of mine referred me to cash hack program i invested and i got my money back in a matter of hours
Wish this helped with how to log centrelink pensions, otherwise it's a helpful video
My tax is complicated, because I have 3 casual jobs, and 2 are self employed.
Thank you sir!
few things with this video, bit hard to understand you so sub tittles would have been nice, and remove the music in future videos pls ! otherwise great content keep it up
Hi.. I am a PR
I have a Medicare account and all my GP expenses ate covered. I don't have any private health insurance. Now what should I fill in Medicare levy exemption .?? Please advise
Hi Madhuri,
If you don’t have a private insurance then you will not be eligible to claim the medicare levy exemption.
Informative video, thanks! In the event you have to pay money back to the tax office, will you be able to retrieve the PRN (payment reference number) in the system so you can pay your tax bill online, or can you pay with your bank card when you submit the online tax return? Also, generally how quickly is the PRN issued and how many days have you got until you have to pay the tax bill?
have you tried cash hack program a friend of mine referred me to cash hack program i invested and i got my money back in a matter of hours
fyi you can pay tax bill in installments as well by creating a plan online
Thanks very informative
Hi,, what happens if I work with TFN and ABN? How I add the invoices for ABN?
I'm honored to have this team *CyberAgency* around me in this hard time, thank you always supporting and helping me to get Bitcoin easily, I really appreciate..🙏🙏
have you tried cash hack program a friend of mine referred me to cash hack program i invested and i got my money back in a matter of hours
why put under registration make and model as an example you put travel between workplaces? should that be in a different area
You can't claim $300 in clothing expenses without a receipt when you have other expenses such as working from home even if you don't have any expenses you can't claim the $300 automatically in the clothing expenses. Registered Tax Agent
Yes you can
Great video 👍
I’m glad you liked it. :)
Can you do a video about tax return for uber eat?
Lovely I would do it today
Great video, simple to follow and understand. Just regarding the Medicare Statement, do we need to get it prior to lodging the tax return or is it okay if we get it later if needed?
Also, do we need to input our private insurance cover in there?
Most people I know never get it.
It is advised that you get it before lodging but I haven’t seen anyone do that.
If you are not eligible for Medicare, then there is no need to input your private insurance details.
Do I need to lodge my tax return as a non-resident currently living in Madrid? I don’t have any income from Australia. What about my mum? She’s also a non-resident, but she has a property in her name that she is renting out, so she is making money from it.
I’m a first timer to file a tax return can you help me to do it my self?
Just follow the steps in the video and you should be able to do it easily
Good information is shared for any beginner. Do you have an idea how to claim the zone tax offset? Let's say I live in Zone A (remote area). Can you put a video on this as well? Appreciate.
Any guide tax return ubereats? Im stuck to fill it
THANK YOU!!
What about the MES option, the private health insurance money which you get paid after sending certified copy of your passport and Mes form. When do we complete that section filling private health insurance details?
Thanks for the useful video. Do you know how to lodge a tax return of a family trust online?
Awesome 👍🏾
hi! If I haven't get paid for a full financial year(only 3 months), do I need to lodge a tax return? Thanks!
Yes you do! But most probably you’ll get all your tax back if your income hasn’t exceeded 19000$
Hello. it's been quite a long time since you uploaded a new video.I was wondering how are you doing? I don't know whether you'll reply to this or but I wanted to know your views on choosing a regional area vs Melbourne in Australia while studying. I'll probably do a course in health care field. I've heard that it is not too hard to get pr in medical field. I wanna live in Melbourne but worried about living expenses of this place.I wanted to know whether Melbourne is actually really expensive compared to others cities like Adelaide etc. or not.
Hey,
The benefit of choosing a regional area to study is that you get 5 more points towards your PR.
Right now it is not tough to get a PR in the medical field but things can change.
I suggest you come to Melbourne as there are much more opportunities here as compared to regional areas.
Melbourne is not very expensive and you can find something for every budget.
how much was the covid WFH (80 cents in video) in this financial year?
What about $1500 tax cut is automatically in there
How to claim tax free threshold while doing tax return through mygov?
That happens automatically.
You don’t have to do anything for that.
have you tried cash hack program a friend of mine referred me to cash hack program i invested and i got my money back in a matter of hours
How to lodge uber eats
thank you so much bro
Hey! This was super helpful. How can we claim a deduction for buying a car?
I don’t think so you can claim a deduction for buying a car unless it is for your business.
You can find detailed information on ATO’s website.
@@CanDBawa my friend was able to last year they don't have they're own business
Hello friends, I have been following you for a while and am very interested in your work
OMG thank you so much bhai!!! so helpful!
nice vdo very informative
Thanks mate for this great vid! I'm just wondering, coz I started my part time work last April (as an international student), so when should I lodge this tax return? Thanks in advance
Hey, you can lodge it starting from the 1st of July.
I recommend 2nd week of July (this gives your employer to update income statements etc)
Is seasonal worker able to claim the tax?
Hi
As a international student
Should we need to apply for Medicare entitlement statement exemption??
Thanks for help in advance
Technically you should, but many people don’t apply for it unless specifically asked for by ATO.
What should I do as a international student I need to go through all of this process and for students can you provide some specific answers ❤Thank you
Thank you so much for your information Sir, I’m wondering how is the process if I have worked by ABN. Is it something else that I need to do?
It’s pretty much the same you just have to declare your income earned on ABN and also have your abn linked to your tax return
@@CanDBawa Thank you so much for your help
have you tried cash hack program a friend of mine referred me to cash hack program i invested and i got my money back in a matter of hours
Hello brother im applying for fall 2022 in Australia as an undergraduate student, do bring a video for how new students can get a job and earn their tuition fees! Please
Hey bud,
I’m planning on uploading more videos really soon.
Do subscribe and hit the bell icon so you don’t miss the videos.
Nice video. Just a quick question. I own a house and pay repayments and rates. But my wife runs a small home based salon in a dedicated room in the house. Can she claim the mortgage interest and portion of rates paid in her tax return? I am the sole title holder and she is the sole proprietor of the business. Thanks
My question is say you sell a property or get interest from a savings account, how and when do you pay taxes for that income? Do you pay before or after you file a return?
After
Hi, awesome advise. Thanks heaps. Where should I check limits for refund ?
What do you mean by limits?
hello sir, how we can file tax for TFN and ABN for rides are together in myGov?
Yes
thanks :)
Why is mine asking me to pay the full tax witheld amount?
I don’t understand.
Thanks for helpful information. One question, suppose I fill all the information and check how much ato will pay, but don’t want to click on final submit button and wanted some Tax agent to file my return . Is that possible?
Yes mate it is!
To link my gov to ATO I have to share 2 secrets with them. Only problem is the way to access those secrets is by linking my gov to ATO. So I can't find the two secrets I need to link them together, BECAUSE I CAN'T LINK THEM TOGETHER. Sickening stuff.
thank you
Pls tell can we be bartender or bar staff after 12th as full time carrier
Hi,
Yes you can absolutely work at a bar after 12th.
Do bachelor of hospitality management course give good pr points or not and wich is is better
Hospitality management or bachelor of humanities (arts)
Hospitality management should be a good option.
Hi
In medicare section if I choose yes on (MLS) section it asks for insurance details and if i choose No then it says it says you may have to pay medicare levy surcharge
Then there is option saying
Number of days you do not have to pay surcharge
Before that section there should be 3 categories listed, if you are an international student or temporary resident then you fall in category 3. I.e you do not have to pay Medicare levy or surcharge.
Below you can choose no to MLS and 365 in the days for full exemption.
Below it will say that do you have Medicare exemption statement, just say yes.
Hi man, love this video! Do you what I need to do if I’m working freelance in AUS for a UK company, do I just pay AUS tax?
I think if the income is earned while living in Australia, you have to declare it and pay the relevant tax.
Good content but Pls use a better mic.. the background music is over powering your voice
Hey man this video helps alot, i mean LITERALLY. Just one question that i have is when you go out of Australia for 40 days for holidays, does it needs to come out from 365 days for medicare levy exemption calculation or is still would be the same as 365 days ? 🤔
It will still be 365
@@CanDBawa awesome.
Really appreciate that. Thanks again for the video and for answering my question.
I saw couple of videos and yours was the simplest and easiest to understand.
Great job 👏
Brother I want to know something! That’s which regional area is good for international students and making money for paying tuition fees!
Perth, Adelaide, Gold Coast, Cairns
Hello, thanks for the informative video! One question, if we want to claim the Medicare levy exemption, can I just tick Yes on the lodgement process or should I wait for the MES? Actually I’m currently requesting the MES but it says still under process after weeks, and I’ll be leaving Australia very soon? Do you have any opinion about this? Thank you! 🙏🏻
From my experience, you can do it without the MES.
I know people who have never applied for the MES.
What's happened if my private healt insurance section error? What should i write there?
If I get a job do I just tell my boss my bsb and account number or do I need a tax file number
You need to provide a tfn as well otherwise they’ll deduct the maximum amount for tax
@@CanDBawa provide my boss a tfn
??
Tax File Number - TFN
Hey mate just a quick question: how come you qualify for medicare levy exemption? Aren't you a Australian resident for tax purposes since you have been in Australia throughout the financial year?
Hey bud,
You fall in category 3, i.e ‘not eligible for Medicare’ .
If you fall in this category , you can claim the exemption as well.
@@CanDBawa Oh that makes sense mate cheers
And you also said if we have had an income for which we didn't pay tax (e.g. Uber eats & Deliveroo or working from Australia for a company located overseas) we have to included in our tax return, but which section do we include these incomes in?
There should be an option to check under section 3: Personalise return.
It provides you with various tick boxes and one of those should say foreign employment income.
And there should also be an option to add any other income which was not listed above.
what month you prefer to apply for tax return ?
If your income statements are available, you can do it on 1st July.
Hi mate, we have a dependent child. do husband and wife both have to put 1 child as dependent during both's individual tax return.
Hey buddy, Yes you both can put 1 child as dependent.
hello, good video. may I ask about the deductions can I do deductions as well if I use public transport going to my work place? thanks
Hey, unfortunately travelling to your workplace can’t be claimed even it’s by a car.