2023 Tax Time issues - Lower Refund due to Lamington Gone

Jul '23 (edited) in !Key

1.Don't you love the ATO!! Job codes make returns fail

The ATO have external job codes and internal codes

The 2023 prefiling reports now will download the ATO internal codes (which accountants don't know the codes - we know the names) so then the returns will fail and not be able to be lodged.

We will be checking the code for our clients.

The (not that useful) ATO should have a fix some time later in July.

2023 Lower Refund - due to "Lamington" gone.

Sorry to say - your 2023 refund is likely to be lower than you expected.

https://www.ato.gov.au/Individuals/Your-tax-return/Check-the-progress-of-your-tax-return/Your-notice-of-assessment/#Whyyourtaxreturnoutcomemaychangein2023

Lamington - Low and Middle Income Tax Offset

https://www.ato.gov.au/individuals/income-deductions-offsets-and-records/tax-offsets/low-and-middle-income-earner-tax-offsets/

2023 - What is New This Year!

https://www.ato.gov.au/Individuals/Tax-return/2023/Before-you-start/What-s-new-this-year--2023/

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