Tax Returns

We have two simple aims for our clients: maximise your tax refund and minimise your tax owed

Preparing your individual tax return each year can be somewhat daunting if you are unfamiliar with the Australian Taxation Office (ATO). Engaging a professional services provider to handle your lodgement has a range of benefits that will greatly reduce the time taken, ensure you meet required deadlines, and most importantly – reduce your tax obligations whilst remaining compliant.

Tax Returns2024-01-29T12:05:00+08:00

Tax return services for individuals

Engaging a tax agent to manage your tax return is an effective way to minimise tax owed, and benefit from extended due dates for returns. As registered tax agents we operate under a special lodgment program, allowing tax returns to be submitted after the standard 31 October deadline. The final deadline for your tax return will depend on your personal circumstances, and when you engage your tax agent.

In addition to extended lodgment dates, as an integrated service firm we can provide insights that may apply to your other financial matters, such as superannuation, trusts, and business finances. These insights aim to minimise your tax position and optimise your overall financial situation.

  • Individual tax returns

  • Expat tax returns

  • Investment property tax returns

  • Late tax returns

  • Non resident tax returns

  • SMSF tax returns

  • Deceased estate tax returns

What you will need before you lodge your tax return

If you haven’t lodged a tax return for a prior income year, it’s important to get up to date as soon as possible. Getting your lodgement up to date may help you to avoid interest accruing on any tax debts and late lodgement penalties.

We have complied the following lists of typical documents that are required to lodge a tax return in Australia. If you have any questions feel free to contact us prior to submitting your return.

  • Annual Income Statement from your employer, which should be available via MyGov website
  • You should be provided a copy from your employer
  • Payment Summaries from Centrelink for example, Newstart, Youth Allowance, Disability Pension
  • Eligible termination payments
  • Interest earned from bank accounts
  • Share dividend statements
  • Annual tax statements from trusts managed investments, property and cash management trusts
  • Income and expenses from investment properties
  • Business income
  • Foreign income
  • A list of work-related expenses (with receipts). This includes your motor vehicle log book, if prepared
  • Receipts of charitable donations
  • Interest and fees on investment loans
  • Donations to charities (unless you get a ticket to win something in return, those ones don’t count)
  • School building levies and library funds
  • Fee charged for previous year’s tax return
  • Income protection insurance
  • Sickness and accident insurance
  • Private health insurance
  • Any extra superannuation contributions
  • Amount of HELP debt or Financial Supplement loans outstanding
  • Out of pocket medical expenses for disability aids only in excess of $2,265
  • Accommodation and meals costs you’ve incurred from working away from home
  • Home office running expenses
  • Work-related education expenses
  • Rental property expenses – rates, body corporate, agent fees, interest on your loan, repair and maintenance, water rates, depreciation schedule
  • Investment expenses
  • Records of sales and purchases of shares, businesses or property
  • Bring the details of your spouse, including their date of birth and taxable income to check if you may be eligible for tax benefits.
  • Last year’s tax return
  • Government debts

Similar services for individuals

Self Managed Superannuation

  • SMS establishment
  • Compliance management
  • SMSF tax strategies
  • SMSF investment strategies
  • Retirement health checks

Estate Planning

  • Asset protection
  • Family business transfer
  • CGT minimisation strategies
  • Testamentary trusts
  • Beneficiary advice

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