Filing returns manually is a big bother and today, and there are a lot of people who have turned to filing returns electronically. It wouldn’t be out of place to mention here that more than 70%of Australians file their returns online and you should also be one of them, for obvious reasons. There certainly are a number of benefits associated with online filing of returns.
The ease and convenience with which one can file their IT returns is perhaps the biggest reason why so many Australians are taking to this method to file returns. There are a number of service providers who also offer readymade software solutions which makes online filing of returns quite easy and customer friendly.
How it is done
Unlike perceptions amongst such Income Tax assesses filing online returns is easy. All that one should learn is to fill in the relevant tax forms which the software allows you. The calculations and other difficult jobs are handled by software and hence, you can breathe free as a tax applicant. It will also help you to get a fair idea about the deductions and even the refund that you may be eligible for.
Cost of Online Filing of Returns
The costs of filing online returns are quite reasonable and would depend on the software and the service providers which you are choosing. It could range anything from $19 to $89. State returns are less expensive. Considering the advantages and benefits that you will get, it hardly makes any sense not to spend this money.
Security is ensured
When you file your tax returns manually, there is every chance that your income, assets and other details could be visible to a number of people. Hence, if you are one of those who would like to keep it safe and away from the prying eyes of various people, there is no denying the fact that online filing of returns is the best option. Refunds can also be well managed and be totally under your control when you go in for these online returns filing. Taking the above facts into account, it makes better sense for you to go in for filing of returns, using the power and reach of the internet.