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

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

1 month 1 week ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 2 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 2 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

1 day 12 hours ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

3 weeks 4 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

3 weeks ago

TOP PERFORMING FUNDS