A. There are several reasons to act now and file your tax return early but here are our top five:
Time to save for your tax bill
If you know what you owe now you can budget over the next five months to pay the tax bill more easily
You don’t have to pay now
Filing your return early does not mean you have to pay early too. You can still wait until the October deadline to make any payment due.
Get your refund back earlier
In some cases, people may be owed tax back so the earlier you file your return the earlier you get your money back, maybe just in time for the summer holidays!
Help is easier to come by
Both you accountant and Revenue are stretched thin at tax return time. By acting now the process should easier and less stressful.
More time to save some tax
If you are rushing at the last minute you may miss out on some opportunities to save tax. Doing your return at the last minute can also lead to errors which can cost you even more down the track!
Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.