All I want for Christmas is a Tax Refund! We have processed quite a few 2024 Tax Returns already but if you are wondering yes you still have time to get your tax done and get your refund before Christmas.
Don’t buy your presents till you have your refund though, this year like last year refunds have been quite low with many employees having small Tax Bills! Why is this?
- Your employer uses software to calculate the amount of tax to hold back in your pay each week / fortnight / month. This calculation is not perfect and it seems the last couple of years some software companies have set their system to hold back slightly too little tax.
- There has been a small change that means many people pay more tax; really the payroll software should adjust for this but it seems many systems have not?
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