Tax Bill

I just lodged my tax return and had a huge bill!! I normally get refunds but now I have started studying, could this be why?

There are many reasons why you could have had a tax bill and having a HELP debt could be one. If you earn over a certain threshold you are required to pay back some of your HELP. Your employer should be taking additional tax out of your pay for these payments but you need to let them know. If you are starting with a new employer you will need to tick the appropriate box on your TFN declaration. If you are already working and have started study you will need to contact your employer to notify them or complete a new TFN declaration. If you aren’t sure why you have a tax bill contact the team at Affinitas Account on (07) 3359 5244 or service@affinitasaccounting.com.au.