With the 2018 financial year coming to a close many of us turn our minds to our tax returns and for the lucky ones potential refunds. If you received a tax refund in the 2017 year that is a great indication that you may again be entitled to a refund this year. Therefore the sooner you can gather and send your tax information to Rubiix the sooner you can receive your refunds.

The ATO will start processing 2018 tax returns from the 6th of July 2018 and expects to issue refunds from the 17th of July 2018.

The fastest way to receive your refund is via bank transfer to your nominated bank account. Ensure that your bank details which you provide are up to date and correct to ensure that your refund is transferred to the most relevant bank account. Many times people can ‘misplace’ their refunds by providing bank details of past bank accounts which may no longer be used or may have been cancelled. In the event where the refund cannot be transferred to your bank account the ATO will issue a cheque to be sent. The process involved with issuing a cheque and you finally receiving the cheque can add a considerable delay in you receiving your refund.

If you need assistance in gathering your tax information you can have a look our website which has our 2018 Tax Checklist. This details all things you need to ensure that you maximise your refund and provide all the relevant information you can.

For business owners who are registered for GST, you may also be entitled to receive a refund from your June 2018 Business Activity Statement. Make sure to gather and send your quarter 4 information in order for Rubiix determine if you are eligible for a refund.

We Minimise Your Tax To Maximise Your Profit

Contact Rubiix and ask about our various business accounting services that will maximise your business profit!

Recent Blog Posts

Rubiix Breakdown: 2024 Federal Budget

by | Jun 6, 2024 | News | 0 Comments

If you missed it, the 2024 Federal Budget was announced on Tuesday 14 May 2024, with a heavy focus on cost-of-living including assisting States and Territories to build...

A cheerful barista handing a paper bag filled with baked goods to a customer in a cozy bakery, illustrating customer engagement strategies to increase foot traffic and customer satisfaction.

How to increase your customers

by | May 29, 2024 | News | 0 Comments

Blog Home How To Increase Your Customers Increase Your Customers: 2 Key Strategies for Business Growth Growing your business not only boosts your current cash flow but...

Launching New Products, Services or Business Ideas Into the Australian Markets

by | Apr 29, 2024 | News | 0 Comments

Blog Home Launching New Products, Services or Business Ideas Into the Australian Markets Navigating the growth of your business in Australia can indeed be a challenging...

Tax saving strategies

Top Tips For Tax Planning & Reduction

by | Apr 10, 2024 | News | 0 Comments

Blog Home Top Tips for Tax Planning & Reduction: Profits, Superannuation & Trusts Imagine what you could do with your tax saved.You could:Reduce your home loan.Top up...

Driving Profit Growth: A Holistic Approach for Business Success

by | Mar 12, 2024 | News | 0 Comments

Blog Home Driving Profit Growth: A Holistic Approach for Business Success Welcome to the journey of enhancing your business’s bottom line. Whether you're steering a...

Bitcoin tokens overlaid with fluctuating stock market graphs, symbolising the dynamics of Cryptocurrency and Tax return calculations.

Cryptocurrency and Your Tax Return

by | Jan 24, 2024 | News | 0 Comments

Blog Home Cryptocurrency and Your Tax Return In the evolving digital financial landscape, cryptocurrencies are more than just a trading asset; they're a new frontier in...

Exclusive New Client Offer

Contact our team today to get a FREE 30-minute meeting with one of our expert business accountants, including an ADDITIONAL free Financial Safety Checklist to help you on your journey to financial freedom.