I would like some clarity with regards to my adjusted ITR, ended up paying ATO.

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(Newbie)Newbie

16 Feb 2024

Good day everyone!

My tax agent has recently amended my ITR lodgement. Prior to this, I have been refunded over 6k due to some back pays from my HECS payment. I have amended my lodgement because I have received 20k as a shareholder for a company. I was earning below 120k prior to this, now I'm on the >120k bracket. I end up owing the ATO around 8k.

I just want some explanation how did I end up owing ATO 8k from being refunded 6k.

cheers

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