Frequently Asked Questions
TAX | SUPER
The Taxation Authority of Australia, also known as the ATO, functions as a government entity tasked with collecting revenue for the Australian government. It oversees the administration of federal taxation and superannuation laws within the country. The Treasurer of the Commonwealth of Australia oversees the operations of the ATO.
A Tax File Number (TFN) comprises nine digits and is issued by the Australian Tax Office (ATO) upon request. It serves as a unique identifier for individuals in their dealings with the ATO. Possessing a TFN is mandatory for employment in Australia, and it remains valid throughout one's lifetime.
An Australian Business Number (ABN) consists of eleven digits and is obtained from the ATO upon request. Similar to a TFN, an ABN is unique and specifically identifies businesses to the ATO. Sub-contractors in various industries such as farming or labor may need to obtain an ABN as per their employers' requirements.
Residency status, particularly for tax purposes, is determined based on various factors including living and working behaviors. A comprehensive assessment, such as the ATO residency test, takes into account multiple interrelated criteria to ascertain residency status accurately.
Yes, according to Australian Tax Law, anyone who has engaged in work within Australia, regardless of their residency status, is obligated to file an income tax return.
Our service fee starts at a flat rate of $110 including GST, depending on the complexity of the tax return. This fee is deducted from the tax refund, eliminating any upfront payment requirements. Additional fees of $50 apply for each supplemental schedule such as rental income, capital gains, and business income schedules.
Your tax refund amount will vary based on your specific circumstances, taking into consideration factors such as your total income, tax deductions from your earnings, withheld allowances, and any work-related expenses you may have incurred.
Different types of expenses qualify for tax deductions, and you can claim them accordingly. Click on the relevant expense category to access the ATO guidelines. If you're unsure, feel free to email us your situation, and our team of tax experts will provide guidance.
This timeframe spans from July 1st to June 30th of each year.
A PAYG Payment Summary, previously known as a Group Certificate, is issued by your employer either upon the completion of your employment or at the end of the financial year. It outlines your total earnings, tax deductions, withheld taxes, and any allowances received. The summary includes your name, Tax File Number (TFN), your employer's details, and their Australian Business Number (ABN).
A statement of earnings serves as an interim document provided by your employer until you receive your PAYG Payment Summary. It contains the same information as the PAYG Payment Summary, including your name, TFN, gross earnings, withheld taxes, and allowances, and is typically presented on your employer's letterhead.
While you're on the move, it's common to misplace important documents. Simply jot down the contact details of your employers, and we'll assist you in recovering any lost documents.
These documents may include union fees, RSA/RCG certificates, green card course certifications, safety gear (such as safety boots, high-visibility vests, etc.), office supplies, tools, travel records between job sites, uniform receipts, and laundry receipts. Make sure to retain copies of all receipts for work-related expenses incurred during your employment; they'll prove useful come tax season.
Processing your income tax return at the end of the tax year or for previous years typically takes 2 to 3 weeks. However, if you're departing Australia and seeking a mid-year tax refund, expect the process to take approximately 8 weeks.
ActiveConsult24 will keep you informed about the status of your claim. Feel free to reach out to our office via phone or email anytime for updates from our team.
When it comes to international transfers, ActiveConsult24 collaborates with a third-party broker to secure the most competitive rates for our customers, surpassing traditional bank rates. Consequently, ActiveConsult24 applies an administration fee of $50 (including GST) for each international transfer.