Archive for category: Q&A - Individuals

Blog Feed

ATO PAYG tax instalments

Q1- My personal tax return has just been prepared and I am getting a tax refund of $2,000 but I also have an activity statement debt of $8,000. Why is that?

Q2- Why does the ATO want me to pay tax instalments?

Q3- Can I vary the ATO instalments?

... read more

( Posted in: Q&A - Individuals )

Is it worth paying my HECS early?

CPI is applied to HECS debts on 1 June each year. The 2023 CPI is 7.1% so consider paying out part or all of your HECS debt before CPI is applied.

Make payment early to ensure the payment is applied to your HECS debt before 1 June

... read more

( Posted in: Q&A - Individuals )