Get It Right This Tax Time Preparing Your 2024

Tax time is here – but don’t rush it! Here's what you need to know to get it right this year.

When can you lodge?

You can lodge anytime from 1 July, but the ATO recommends waiting until late July so your data (like income, interest, health insurance and dividends) can auto-fill correctly.

In 2024, over 140,000 early lodgers needed amendments due to missing info. Waiting reduces errors and delays in processing.

Key Dates:

• Lodging yourself? Do it online via myGov by 31 October.

• Lodging with CoggerGurry? Contact us to book your appointment.

What’s new from 1 July 2025:

• Parental Leave: Extended to 24 weeks & superannuation paid

• ATO Interest: No longer tax-deductible

• Minimum Wage: Increased to $24.95/hr

Top tips while you wait to lodge:

• Check your bank & contact details

• Ensure your income statement is marked “Tax Ready”

• Gather receipts, diaries & private health details

• Review ATO deduction guides for your occupation

Need help or not sure where to start? We’ve got you covered – get in touch today. - 03) 5571 0111

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