Tips to speed up tax refunds

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

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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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