How One Click Life Works

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How-To

Tax Return

How-To

Wills

How-To

Mortgages


Here’s how we make it easy

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Wills, Super, Taxes, Legal, and Insurance. Everything you need to know about your financial life, all in one place. Quick, easy, and accessible. The no bullsh!t approach to managing your finance info.

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Let’s not beat around the bush – you have options as an Aussie… LOTS OF THEM. We’ve created these for you for one purpose; to save you time and money, because life is about adventures, not life admin.

Tax Return

Wills

Mortgages

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No obligations. No complex contracts. Just a plain and simple sign-up process to manage your financial info in one place.

Frequently Asked Questions

Tax
How long does it take to complete an Online Tax Return?

The whole process from registration to lodgement of a quick Tax Return is under 15 minutes. We have had some customers take under 5 minutes! The Online Tax Return is an intuitive and easy Tax Return to complete.

Do I need my PAYG Payment Summary?

Forget sifting through emails for your PAYG or Income Statement come tax time. One Click Life will sort out that information and automatically add it to your Tax Return for you. Completing an online Tax Return should be easy, that’s why we connected directly to the ATO to save you time and make it a quick Tax Return.

Why must I verify my photo ID?

There have been new ATO regulations that require tax agents to verify all clients ID. Thus, to protect your potential refund, we are required to ensure that it is you who is lodging your Tax Return, and that you get your refund. We have made the ID check as easy as possible so you can complete your online Tax Return easily.

Where can I find my Tax File Number (TFN)?

You can find your TFN on your PAYG payment summary, Notice of Assessment or alternatively, you can contact the ATO by calling 13 28 61. You will need your TFN to complete an online Tax Return.

I can’t activate my account or I did not receive my activation email

Have you checked your spam or junk inbox? The activation email might have ended up there. If you still can’t find the activation email, please feel free to contact us by calling 1300 707 117. One of our staff will be able to help you activate your account.

I need to change my phone number/email?

Please send us an email at [email protected] or contact us at 1300 707 117. Please have a copy of your ID ready as we may request it.

What is my linking code for linking MyGov account?

You can contact ATO to link your MyGov account by calling 13 28 61

Where is my refund?

Normally, it will take 14-21 business days for ATO to process your Tax Return. However, if it is a prior year Tax Return then it could take a bit longer than usual (around 30 days). An online tax refund is the quickest way to access your refund.

I put in the wrong bank details

No worries, please send us an email at [email protected] and we will send you the instructions to amend your bank details. We may request that you send us a copy of a bank statement that you want your refund to be deposited into.

Can One Click Life transfer refund into my international bank account?

Yes, we can transfer your refund to the international bank account but there will be an additional remittance fee. (please email at [email protected]).

Can I lodge prior year Tax Returns?

You can complete and lodge your prior year Tax Returns from 2017 onward on our website. However, for 2016 and earlier you will need to contact us at [email protected]. Do note that there may be additional fees, as those Tax Returns will have to be done manually by one of our accountants.

Can I lodge my Tax Return on your website if I am on a Working Holiday Visa?

Yes, you can complete and lodge your Tax Return on our website.

Can I check my HECS debt?

It is free to create an account and look at your HECS debt or HELP Debt. If you want to know your HECS repayment you can talk to our team at [email protected]

My wages are under the tax free threshold, do I need to lodge a Tax Return?

You will have to lodge a Tax Return and you may be in for a pleasant surprise and receive an online tax refund!
It is free to open an account and your wages will show up automatically in your online Tax Return.

Business Tax

How long does it take to complete a Business Tax Return?

The process takes two weeks start to finish. We set our completion meeting during the initial meeting for 10 business days later. As long as you’ve provided us the information, we can work away behind the scenes and get your completed tax return to you quickly.

How much does it cost?

Price is fixed! For businesses with revenues below $1m. $499 for no employees. $999 with employees.

Are there any hidden costs?

Nope! Just what you see in the pricing and service table. The cost is fixed for the service and if you need assistance with any other service, the costs are also fixed. The only thing we charge on an hourly rate is fixing a bank reconciliation. If your bank account reconciles to Xero – you have no worries!

What information do I need to provide?

Just the basics.
• Entity name, ABN, TFN
• Access to Xero
• June 30 bank statement
• Copy of prior financials and tax return if available
• Any receipts we request along the way

How do I contact you?

You’ll have a dedicated tax specialist that you’ll work with directly. You can contact them as much as you like during the two-week period. Once your return is lodged with the ATO we continue to work with you as needs.
Our number is 1300 707 717
Our email is [email protected]

What do I get?

The output of our service is a tax return lodged with the ATO and a set of financials if requested.
To achieve this output you also get the peace of mind of knowing that your compliance is completed for a fixed price and your compliance is up to date.

I haven’t done my tax for years… can you help?

Of course we can! That’s why we’re here. We can go back as far as you need us to as long as you have the information.

When do I pay my One Click Life bill?

Once we have completed your tax return we will invoice you for the services you consumed (see pricing and services table). You have 14 days to pay your bill.

How do I pay my ATO bill?

If you are in a tax payable position; once we lodge your business and individual tax returns with the ATO they will assess it and send out a Notice of Assessment. This is the trigger to pay your bill and the payment date will be on the Notice of Assessment. Depending on the business structure, the tax will be payable by the business or individuals.

I can’t pay my tax bill… what do I do?

Fear not, we can help. As your tax agent we can contact the ATO on your behalf and work as an intermediary to set up a payment plan that suits your cash flow. We do charge for this service, it is a flat fee of $99 to establish a payment plan for your ATO debt.

When do I get my ATO refund?

If you are in a tax refundable position; once we lodge your business and individual tax returns with the ATO you will receive any refunds due in approximately 14 days.

How do I tell my current accountant that I’m moving to One Click Life?

The polite thing to do is to call or email to let them know. But, you don’t have to.
Under our ethical standards we will always advise your current accountant with an ethical letter letting them know we are taking you on as a new client. This is very common practice amongst accountants.

Where is my work completed?

All work is completed in Australia. We send nothing oversees. Our office is in Subiaco, Western Australia. Everything that would be done oversees by some accountants has been automated!

Can I meet with you face to face?

Sure! Our standard service is a web chat, but you are welcome to come into the office for the meetings. Your travel to come and see us is tax deductible too!

Why do the team at One Click Life love tax so much?

It’s true, we love numbers, we love tax, but that’s not why we’re here. We believe that the accounting profession hasn’t moved at the same rate as technology. We’ve bought the two together to automate all the non-value add tasks so we can apply our skills and expertise where they benefit you the most. This allows us to provide a low cost, high value solution to you, our customer. We want to make your financial life simple!

Insurance

What is a Medicare Levy Surcharge (MLS)?

If you earn over a certain amount and do not have private health cover, you are charged an extra tax called a Medicare Levy Surcharge. This is calculated in 3 tiers for both singles and couples/families. You can learn more about this here.

Why should I get Health Insurance?

Even the most basic health cover can give you more control over where you’re treated, and who you’re treated by. It takes the pressure off so you’re able to focus on what really matters.

Does Private Health Insurance cover consultations?

By law, private health insurance does not offer cover for out-of-hospital medical services such as GP appointments, specialist consultations or out-of-hospital diagnostic tests.

What are the benefits of Private Health Cover?

You have more health cover and more choice, pay less tax, get a private health insurance rebate and also helps to avoid paying more for cover when you’re older!

Wills
What is a Will/ Testament/ Last Testament?

A Will/ Testament/ Last Testament is a legal document by which a person (the testator) expresses their wishes as to how their property is to be distributed at death.

Why Make a Will?

Will ensures that your property is distributed in the way you would have wished it to be.

Who Can Make a Will?

You are eligible to make a Will if you are above 18 years of age and of sound mind (apart from the exceptions including undue influence). Undue influence refers to situations where the person drafting the Will is under pressure to write the document in such a way that it goes against their real intentions.

Can I Change My Will?

You can change your Will as often as you like but the best way to change your Will is to make a new Will. Codicil is not recommended. A Codicil is a legal document that is used to alter something in an earlier Will. People may use a Codicil instead of making a new Will. It is however not recommended.

How Can I Change My Will on One Click Life?

You need to log in, make changes to the 4-steps, and when you generate your Will, the previous encryption key will be replaced by the newly generated encryption key.

What if I Get Married After Making a Will?

If you marry after you have made a Will, your marriage cancels your Will unless the Will was made “in contemplation” of marriage. It is recommended that you consult a legal practitioner to make sure the Will is valid.

What if I Get Divorced After Making My Will?

Divorce affects your Will, but it does so differently in each state and territory. In some jurisdictions, divorce will automatically render your Will invalid. In others, divorce will simply revoke your former spouse as your executor or any gift left them.

What is the Difference Between a Dependent and a Beneficiary?

The main difference between a Dependent and a Beneficiary is that a Dependent is someone who is financially depending on you or they need physical care from you. A Beneficiary of your Will can be a Dependent of yours and can also not be a Dependent.

What if My Executor Refuses to Become the Executor of My Will After I Pass, Despite Previously Given His/Her Consent?

Your executor  is allowed to refuse his/her role despite the fact that he/she gave their consent before that. Therefore, it is always recommended that you appoint an alternative executor in your Will.

Can a Dependent be/not be a Beneficiary? And Vice Versa?

It is common for a dependent to be one of the beneficiaries as a dependent may be the testator’s child who is under the age of 18. A beneficiary may also be your adult child (over the age of 18) who is not a dependent. A beneficiary could be a charity organisation which you wish to leave part of your estate to. A dependent does not have to be a beneficiary as well. For example, you may not wish to leave your assets to your rich elderly grandpa whom you physically take care of.

Mortgages

How long does a mortgage take?

It takes between 4 – 6 weeks to finalise a mortgage refinance or a new application for a mortgage.

How long does a mortgage application take?

It only takes minutes to complete a mortgage application. Just login to One Click Life and navigate to the mortgages tab to get started.

Can I get loans with bad credit?

You can get loans with bad credit. However, when you have bad credit you generally have a bigger risk premium applied to the stand bank rate. This means your repayments may be higher if you have bad credit.

What does a mortgage broker do?

Mortgage brokers will assist and guide you through the process of taking out a new mortgage. Mortgage brokers can also assist you refinancing your current mortgage.

What happens if there is an interest rate rise?

If you have a variable interest and there is an interest rate rise, it is likely that the interest rate you are paying will increase. In this case if there is an interest rate rise, your home loan repayments will increase. If you are on a fixed interest rate, the interest rate rise will not impact you until after your fixed term rolls back to variable interest rates.

How much can I borrow?

If you’re wondering “how much can I borrow” it’s best to speak to a mortgage broker and get a firm preapproval for home loan. A preapproval for home loan allows you to bid on property in your price range with confidence. If you’re thinking how much can I borrow, seek out a mortgage broker for a preapproval for home loan.

Can I access the first home owners grant?

The first home owners grant is accessible for Australian residents when they buy their first home. Our First Home Owners Grant guide will help you work through all the information you need.

Can I consolidate loans?

It is generally good practice to consolidate loans when you are refinancing or taking out a mortgage. This provides the option to reduce the payment amount or keep up repayments and allow for flexibility if there is an interest rate rise. It is best to seek advice from a mortgage broker based on your personal circumstances.

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