What is pre-fill and what is my role in pre-fill?
Pre-fill is an ATO's service to taxpayers. Pre-fill means ATO will fill up your tax return form with all the information it has already got from your employers, government departments, banks, insurance companies and other applicable organizations. You won't need to provide us payslips or other documents if those information have been pre-filled by ATO.
Will all of my income be pre-filled?
No. If the person or organization from whom you are receiving your income is not under an obligation to report your income to ATO, then you need to provide that information manually.
Do I need to maintain accounts for my income?
No, for all income that is pre-filled by ATO. Yes, for all other income. If you are running a business, you must maintain books of accounts with all the related documents.
What are the forms you mentioned in the tax return process?
Form is an organized set of information you need to provide us. With form we take all ambiguity out and you will find the ease and accuracy in giving all the necessary information. Good thing is, we ask you to fill up a very customized form based ...