Tax Returns & Planning

Tax refunds are issued once your tax returned has been processed, and myGov shows the status as ‘Issued’. Tax returns which are lodged through myTax take around two weeks to be processed. Paper tax returns can take as long as ten weeks to be processed; some may even take longer. If you have Grow Advisory Group lodge your tax return, it will be processed within 30 days of the lodgement date.

Your myGov account will show the date for payment and whether you’re entitled to a refund. If you provided your bank details, your refund would be paid directly into your account.

Yes! Thankfully you can. If you have made a mistake on an already-lodged tax return, you can request an amendment to be made. There are, however, time limits as to when amendments can be made. It is generally two years for individuals and small businesses and four years for other taxpayers.

If your amendment results in you owing more tax, it will be treated as a voluntary disclosure and will still need to be paid. If it reduces your tax, you will receive an additional tax refund for the money owing.

Tax returns take time and require a lot of information. In order to complete a tax return and receive the maximum tax refund you are entitled, you need to produce a number of documents, including those relating to income, work expenses, and other records. The required documents will likely differ depending on the industry you work within.

Yes. In addition to personal returns, we prepare corporate returns, partnership returns, trust and estate returns, gift returns, not-for-profit returns, and more.

Generally, FMSE can turn around a completed tax return within 1-2 weeks from the time we have all of the necessary documents from the client. Factors that can affect turn-around times include completeness of documents received, responsiveness of the client to questions and requests for additional information, or length of time until to the filing deadline.

FMSE can help. We will prepare state and federal Power of Attorney forms for taxation matters, which will allow us to access transcripts with the necessary information.

Yes. FMSE routinely prepares tax returns for all U.S. states and territories as well as necessary city or locality returns.

It is likely. FMSE can help you determine filing requirements for the decedent and/or their estate.

Yes, as long as you had income in excess of the filing threshold. FMSE’s experienced professionals can help you navigate reporting requirements and complexities of international transactions of U. S. Citizens while maximizing your tax benefits. We also work with citizens of other countries who do business in the United States and have reporting requirements in the U.S.

No. You will be invoiced for tax preparation when the return is complete and receive your refund directly from the relevant taxing authority.

In certain situations, yes. Contact FMSE so we can learn more about your situation and advise you on the most advantageous filing option.

Yes, but only if it makes financial sense to itemize your expenses. Contact FMSE so we can learn more about your situation to help determine the most beneficial filing option.