Fast Tax Returns Mascot – welcome to MAS Tax!
Do you know that ATO would aim to process most refunds within 12 business days upon received the tax returns? In some cases it can be even quicker, At MAS Tax Accountants we lodge all of our returns using the ATOs ELS or electronic lodgement system to ensure you get Fast Tax Returns in Mascot, this ensures your returns are lodged as quickly as possible by the ATO. Nowadays, the technologies are so advanced that accountants are able to use the pre-filled functionalities for pre-filling information into the tax software such as payment summaries from employers, bank interest from banks and dividend information from share registries. However, this timeframe does not apply to prior year returns or amendments to returns.
In the event of a delay, ATO would contact your accountant first and good news is that potentially your accountants would be able to answer most of ATO’s queries. This can free you up to do something that is more fun than your tax.
Ideally, don’t lodged your tax return by mail as ATO’s target is to finalise your tax return within 50 business days of receipt if its sent in by mail!! If a return is incomplete, incorrect, needs checking or relates to a prior year, it may take ATO even longer to complete the process.
Quickest way to receive your refund via electronic funds transfer (EFT) is to nominate an Australian bank account. Care must be exercised by providing the correct details of the bank account in order to avoid potential delays in receiving your refund.
Do you know that your accountants can help you to escalate the review of your tax return as a priority if you are expecting a refund and experiencing serious financial hardship. Serious financial hardship means you are unable to provide food, accommodation, clothing, medical treatment, education or other necessities for you, your family or other people for whom you are responsible.
Speak to your Fast Tax Return accountant James Sim @ MAS Tax Accountants Mascot now who can assist you in your tax return mascot by getting your refund as quickly as possible. To save you from travelling too much, your MAS Tax Accountants Mascot can come to you or the interview can be carried over the phone.
For an appointment, or a confidential discussion of your needs, please contact our MASCOT Tax Accountants today, or call us on 1300 627 829.
