Many problems can occur when processing activity statements and tax returns which can lead to a delay in the ATO issuing refunds.
However, these problems are often caused by small issues and can be easily avoided. Here is a list of tips to help minimise some of the issues that can prevent a speedy tax refund:
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Keep personal details, such as postal address, bank details and authorised contacts updated
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Lodge all outstanding activity statements as the ATO are unable to process the refund until they know the extent of the credit
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Keep good records and hold onto receipts
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Keep the statement clean. Do not write notes outside the space provided, do not use symbols and show whole dollar amounts only
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Do not double up by lodging both online and in person
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Refer to a specialist if the process is complex