Smartphone tax returns ready this year

taxation/government-and-regulation/australian-taxation-office/ATO/

5 May 2014
| By Staff |
image
image
expand image

The Coalition is rolling out simplified and “substantially pre-prepared” tax forms allowing Australian residents to lodge returns from a smartphone or tablet device.  

Treasurer Joe Hockey earmarked changes to the Australian Taxation Office (ATO) technology last year, but confirmed at the weekend that the new web browser forms would be ready by 1 July.  

Hockey said returns would be “substantially pre-prepared” by the time consumers log on, with many consumers only having to review information on the ATO’s files from employers and banks.  

Currently the ATO’s online tax service requires a software download and cannot be accessed via mobile devices.  

However, Hockey said the new MyTax technology would only be suitable for people with simple tax returns. 

Those with business incomes, rental properties, superannuation income or lump sums and foreign income will likely be ineligible to use it. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS