Tax Time 2021

July 2, 2021

Tax Time 2021

Tax Time 2021

The ATO will start full processing of 2020–21 tax returns on 7 July 2021 and expect to start paying refunds from 16 July 2021.

They aim to finalise the majority of electronically lodged current year tax returns within 12 business days of receipt. Learn more.

SOME USEFUL RESOURCES:

Small Business
Guides for small businesses on topics including home-based business expenses, motor vehicle and travel expenses.

Individuals
You can use the links below to access ATO tax time toolkits to help you better understand their tax obligations.

  • Income you need to declare – including foreign income and ride sourcing.
  • Common deductions – including gifts and donations and record keeping.
  • Occupation guides – work-related expense guides for 39 specific occupations.
  • Tax Time Toolkit – a combined version of our income and work-related expense products designed for tax professionals, major employers, member associations and industry peak bodies.
  • Investors toolkit – including cryptocurrency, rental (investment) property and capital gains tax (CGT) on property.

For tips and tricks throughout the year and other useful guides, please join us on Facebook, Instagram and LinkedIn.

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