Tips to speed up tax refunds

Many problems can occur when processing activity statements and tax returns which can lead to a delay in the ATO issuing refunds.

However, these problems are often caused by small issues and can be easily avoided. Here is a list of tips to help minimise some of the issues that can prevent a speedy tax refund:

• Keep personal details, such as postal address, bank details and authorised contacts updated

• Lodge all outstanding activity statements as the ATO are unable to process the refund until they know the extent of the credit

• Keep good records and hold onto receipts

• Keep the statement clean. Do not write notes outside the space provided, do not use symbols and show whole dollar amounts only

• Do not double up by lodging both online and in person

• Refer to a specialist if the process is complex