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A tax return is the most important return for any person. Even though a person becomes extremely happy when they get a return on anything, no return other than a tax return can make a person extremely happy. This is simply because when a person pays income tax all they can think about is what they could do if they did not have to pay income tax. Well, a person needs to know how they can get a tax return if they want to be able to do something with the money they paid as tax and want to put it to good use. So, here is how you can successfully get a tax return. Step 1: Compile all your financial information from the past financial year The first thing a person needs to do in order to get a tax return is to compile all their information regarding the money they earned and the tax they paid for the past financial year. A person’s financial information should contain the complete summary of the wages/salary they earned and the income tax that they paid. Step 2: Tally your income Next, a person needs to tally their income with their employer(s). A person needs to make sure that they know exactly what they earned in order to make sure that they paid the entire amount of income tax which was due on them in accordance to their total income. Step 3: Calculate the return you are entitled to Next, a person will need to calculate the tax return that they are entitled to. A person also needs to determine whether they are entitled to a tax return or they have to clean any income tax dues. A person will not be entitled to a tax return if they have not cleared their income tax dues. Step 4: Request a Private Tax Summary A person needs to request a private tax summary from the Department of Inland Revenue in order to claim the respective amount they are entitled to as a tax return. Step 5: Follow the instructions on the Private Tax Summery Once a person has received their PTS, they need to follow the steps mentioned on their PTS in order to claim their tax return. Step 6: Wait for the money All a person needs to do next is to wait for the money they are entitled to. How to get a cheap tax return Here are two ways how a person can get cheap tax returns Melbourne. Don’t hire an accountant The first way how a person can get a cheap tax return is to avoid hiring an accountant. A person will need to calculate their tax return and the taxes they have paid by themselves in order to save money. Take advantage of the internet A person does not need to claim a tax return on paper now. That is simply thanks to the internet which allows people to file tax return claims online. A person can take advantage of this option in order to get cheap tax returns. Click here to private tax summary from the Department of Inland Revenue in order to claim the respective amount they are entitled to as a tax return. Get cheap tax returns Melbourne at http://www.randelloaccountants.com.au/.
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