Stay Safe This Tax Season

It’s that time of year when every Australian is hoping to get an extra boost to their bank balance but it’s also when scammers and fraudsters are at their most active.

The ATO has released some helpful advice on how to stay safe this tax season and avoid potential traps.

Traps to watch out for include receiving unsolicited calls
-Mr Tax Refund will only contact you after you have registered on the site.

Phone calls and emails asking you to transfer money before receiving a service
-Mr Tax Refund does not require you to pay any money upfront.

Phone calls and emails asking you for sensitive information such as credit card details
- A list of documents that will be required are listed here Tax Documents

Being asked to transfer money overseas
- Whilst it is ok for a company to be based overseas tax agents operating in the Australian market must be registered with the Australian Tax Practitioners Board. If you are unsure about a company, you can check them out first.

A good way to protect yourself against such emails is to make sure your anti-virus software is up to date. You are well within your rights to question the authenticity of a tax agency and if you have any suspicions you can report them to the ATO.

Follow these tips, stay safe and start planning how to spend your tax refund!!

Don’t forget to sign up with Mr Tax Refund and he can get you your money in 24 hours with a maximum refund guarantee!

Up to 1.5 Million Australians ‘Not Bothered’ to Lodge an Annual Tax Return

Perth WA, June 25, 2012 – up to 1.5 million Australians annually don’t lodge a tax return because they don’t think they will get anything.
Like many Australians, Celyn Price of Maida Vale WA thought lodging a tax return regularly was a waste of time as she didn’t expect a refund. “I didn’t bother putting my last three years’ tax returns in because I didn’t think I’d get much back” she said. “I thought the cost and effort of getting my yearly tax returns done simply wasn’t worth it”.
And she’s not alone. A report by the Inspector General of Taxation found that an up to 1.5 million Australians didn’t lodge a tax return in 2009. One in ten of us who should have put a return in didn’t largely because we think what we’ll get back isn’t worth the effort or the cost .
However the same report discovered that many Australians underestimate their tax refund. After a short consultation with a Mr Tax Refund consultant it was determined that the tax office owed Celyn $3318 for the past 3 years’ returns. The refund could not have come at a better time for her who was short of spending money for her upcoming European holiday. With her departure date imminent, she couldn’t wait the many weeks it usually takes to get her money from the ATO, so Mr Tax Refund sent $2654 to her bank account overnight as of part the optional 24 hour tax refund service.
“The average tax refund issued last year was over $2000 which would tend to indicate there are literally billions in unclaimed refunds Australians are missing out on simply because they don’t bother to check or don’t know how to check what they are entitled to” stated Stephen Burns, CEO of Mr Tax Refund. “Since opening this month we have delivered dozens of ‘pleasant surprises’ to people who have failed to lodge their tax for one or more years”. Where we differ from traditional tax accountants is that we are set up to advance our customers up to 80% of their tax refund the same day as their refund is approved. This provides valuable cash flow to our customers”.
So what happens if you don’t lodge a return? In 2008 the ATO issued almost 100,000 ‘failure to lodge’ penalties to those who lodged tax returns themselves after October. However if represented by a Registered Tax Agent such as Mr Tax Refund the ATO allows an extension.
Mr Tax Refunds’ $49 introductory charge for assisted basic tax preparation plus 24 hour refund offering has thrown down the gauntlet to established national competitors H&R Block and ITP just prior to the start of the 2012 tax season.
“Mr Tax Refund raises the bar for players in the individual tax preparation industry,” said Mr Burns. “Clients will be offered the same or better service by experienced tax consultants for a fraction of the cost of our competitors. We expect our 24 hour refund option will be very attractive to those who need their cash straight away”.
“This is simply another customer group that is benefiting from sector transition away from bricks and mortar, and we see Mr Tax Refund as somewhat of a pioneer in this regard” said Burns. “As a consequence of moving to online and phone based services Mr Tax Refund makes significant savings which are passed onto our clients in lower fees”.
After hours service also offers convenience and flexibility for time poor customers unable to take time off to travel during working hours to see their tax agent. “Providing over-the-phone service delivery will offer clients the ability to talk to a real tax consultant at a time that suits them” Burns said. “It will be an ideal solution for those without the confidence to do their own taxes but don’t want to spend too much”.
Mr Tax Refund will also offer clients a maximum refund guarantee. “If our customers can get a better tax refund from a competitor we’ll give them double their tax preparation fees back no questions” Burns said. “Long standing incumbents H&R Block and ITP lodge about 900,000 returns for clients yearly representing about 10% of the tax agent market. Considering our low fees and convenient service we are confident of switching a significant amount over to us in the next few years”
Mr Tax Refund is headquartered in West Perth but has operations on the East coast.
About Mr Tax Refund.
Commencing trading in June 2012, Mr Tax Refund is a Registered Tax Agent with a difference. The company offers its clients combined over-the-phone and online tax consulting services and annual tax return lodgment. Cost savings from not having physical offices are passed onto clients in the form of much lower fees, extended hours and additional services. The company offers a 24 hour ‘instant’ refund option to clients who can’t wait for their refund from the tax office, and a ‘Double-Your-Fee’s-Back’ maximum refund guarantee. In FY 2015 it’s conservatively estimated the Company will have serviced over 100,000 customers.
An explainer video is available at www.mrtaxrefund.com.au and further information on company history can be found at http://www.mrtaxrefund.com.au/about-us.php and http://www.mrtaxrefund.com.au/news
Media Contact – Stephen Burns, CEO
M. +61 449 611 000
P. 1300 829 227
F. 1800 329 829
E. stephen.burns@mrtaxrefund.com.au
W. www.mrtaxrefund.com.au
For more logos or graphics contact Stephen directly.

E. stephen.burns@mrtaxrefund.com.au
W. www.mrtaxrefund.com.au
For more logos or graphics contact Stephen directly.

Follow us at
www.facebook.com/mrtaxrefund
www.twitter.com/mrtaxrefund

Tax Returns 2012 – Here’s the link to our Australian official media launch release.

We’ve had an amazing day with media falling over themselves to give us some airplay for our innovative tax refund services including 24 hour instant refund. Check out our PR Web media release here http://www.prweb.com/releases/2012/6/prweb9612507.htm

Don’t forget you only have 10 working days to register for our $49 basic tax preparation special! Register on the home page.

If you havn’t checked out the Mr Tax Refund Facebook page click here www.facebook.com/mrtaxrefund

New Kid on the Block set to Shake-Up Australian Tax Agent Market

New Kid on the Block set to Shake-Up Australian Tax Agent Market

Mr Tax Refund, Australia’s newest national provider of Tax Agent services officially launched today and immediately places dominant competitors H&R Block and ITP on notice by slashing fees, extending hours and offering instant tax refunds.

Perth Western Australia, Monday, June 18, 2012FOR IMMEDIATE RELEASE Mr Tax Refund Pty Ltd, a nationwide provider of over-the-phone tax preparation services offering 24 hour refunds, officially launched today.

Mr Tax Refunds’ $49 charge for basic tax preparation plus 24 hour tax refund option has thrown down the gauntlet to Australia’s largest Tax Agent groups H&R Block and ITP just in time for the start of the 2012 tax season in July.

H&R Block and ITP together account for around 10%[1] or 900,000 of the 8.8 million tax returns[2] lodged by tax agents yearly, the bulk of which will be lodged before November every fiscal year. 12.4 million tax returns are lodged yearly[3].

“Mr Tax Refund raises the bar for players in the individual tax preparation industry,” said Mr Tax Refund CEO Stephen Burns. “Clients will be offered the same or better service for a fraction of the cost of our competitors. We expect our 24 hour refund option will be very attractive to those who need their cash straight away”.

“This is simply another customer group that is benefiting from sector transition away from bricks and mortar, and we see Mr Tax Refund as somewhat of a sector pioneer in this regard” said Burns. “The cost savings achieved by providing our services exclusively over-the-phone are passed onto our clients resulting in much lower fees”.

After hours services offers convenience and flexibility for time poor customers unable to take time off to travel during working hours to see their tax agent. “Providing over-the-phone service delivery will offer clients the ability to talk to a real tax consultant at a time that suits them. Our opening hours will be 8am – 10pm and we are also open weekends during tax season” Burns said. “It will be an ideal solution for those without the confidence to do their own taxes but don’t want to spend too much”.

The emergence of self-service tax portals such as E-Tax has resulted in lower preparation fees for over 2 million Australians. However, thanks to the complexity of the tax system and resulting fear of not getting the maximum refund, the bulk of us still prefer to deal with a registered tax agent.

Over the past few years we have seen the growth in purely online tax preparation slowing significantly. “I believe we will see the demand for these services hit a ceiling in the near future” said Burns.  “Putting your trust in software to do your taxes can cost you a lot more than the few dollars you can save. For many time-poor Australians battling through endless questions about their tax is time-consuming, confusing and frustrating. But most importantly, without good advice you’re likely to miss some deductions resulting in the tax office keeping money that’s rightfully yours” he said.

The arrival of low cost professional services like Mr Tax Refund could even result in the future decline in the number of online tax returns lodged.  “Australians are smart consumers – in the main they are after the best overall result so we decided to stand behind the quality of our work by offering clients a maximum refund guarantee. If our customers can get a better tax refund from a competitor we’ll give them double their tax preparation fees back no questions asked”

“If we can offer our clients all the convenience and cost savings of an online tax portal, but with the added benefit of a real, qualified tax agent and a maximum refund guarantee why would they go anywhere else” he said.

Mr Tax Refund is proudly an Australian company headquartered in Perth, with branch offices in Brisbane, Gold Coast, Sydney, Melbourne, and Adelaide

About Mr Tax Refund.

Commencing trading in June 2012, Mr Tax Refund is a Registered Tax Agent with a difference. The company offers its clients combined over-the-phone and online tax consulting services and annual tax return lodgment. Cost savings from not having physical offices are passed onto clients in the form of much lower fees, extended hours and additional services. The company offers a 24 hour ‘instant’ refund option to clients who can’t wait for their refund from the tax office, and a ‘Double-Your-Fee’s-Back’ maximum refund guarantee. In FY 2015 it’s conservatively estimated the Company will have serviced over 100,000 customers.

An explainer video is available at www.mrtaxrefund.com.au and further information on company history can be found at http://www.mrtaxrefund.com.au/about-us.php and http://www.mrtaxrefund.com.au/news

Media Contact

Stephen Burns, CEO

M. +61 449 611 000

P. 1300 829 227

F. 1800 329 829

E. stephen.burns@mrtaxrefund.com.au

W. www.mrtaxrefund.com.au

For more logos or graphics contact Stephen directly.



[1] H&R Block & ITP websites as of May 11 2012

[2] ATO Progress Report 20, November 2011

[3] Inspector-General of Taxation, ‘Review into the non-lodgement of individual tax returns’, June 11 2009

Your Tax Refund in 24 hours. Announcing the Arrival of Mr Tax Refund.

Tax time is coming up fast.

For most of us that means a tax refund and extra spending money.

This year would you like your tax return done in under 30 minutes and refund in your bank the next day?

Mr Tax Refund is a registered, experienced tax agent that can complete your tax return over the phone in just 30 minutes AND send your refund to your bank account overnight.

We’re so certain we’ll get you the maximum refund we guarantee it.

The best part is if you sign up to have your tax return done with Mr Tax Refund by June 30 we’ll do it for only $49*.

If you need quick cash right now and haven’t done your previous year’s tax return we may even be able to get you an overdue refund as quickly as tomorrow.

For details visit www.mrtaxrefund.com.au

*Fees and Charges Apply for 24 Hour Refund. See website for details.