ATO Makes EFT of Refunds Mandatory for 2013 Onwards

From 1 July 2013 when preparing your individual income tax return, taxpayers now need to include their nominated Australian bank account details when a refund is expected since the ATO will no longer issue refund cheques.

The ATO says Electronic funds transfer (EFT) is the fastest, most-secure way for taxpayers to receive their refunds.

For those taxpayers using an accountant/tax agent, a deduct fee from refund option is often available, and is a convenient way to get your tax return done.

For those clients who use our online tax return preparation service at eZtax, a deduct fee from refund option is available.

See these posts with tips, calculators and checklists to help you prepare your eTax Return (and get a better refund) with less hassle - checklist of eTax and Assessable Income and deductions and checklist of eTax and Allowable Deductions.

 For help with your eTax return see our eTax Return Checklist.

Web Based Tax Return App:

A benefit of using eZtax, our web based tax return app, is we have the genuine online tools, knowledge and experience to get the best tax refund for our clients, making it easy to complete your annual tax return online.

Our Web Based Tax Return App will step you through all the necessary questions to increase your 2014 tax refund estimate and take into account all relevant tax deductions and tax offsets. Try it now. Its FREE to get started! 

Copyright 2014. My Tax Zone.