As an individual, you must lodge income tax return in Australia if:
You are an Australian tax resident and your taxable income is above the tax-free threshold of $18,200
Any PAYG tax or contract payments have been withheld from your salary
You are a foreign resident and earn more than $1 during the financial year
You are on a working holiday visa and your income in Australia is more than $37,000
You are expecting a refund from ATO
You wish to claim any tax deductions.
You own a rental property.
Our service includes:
Simple individual tax returns
PAYG statements
Centrelink payments
Cryptocurrency
Dividend income
Rental property income
ABN income
Capital gains
Overseas income
Maximise your tax refund, safely.
Two important issues with tax return preparation are:
1. Underclaiming tax deductions
Why settle for a lower tax refund by having an inexperienced tax return preparer do your tax return?
The Income Tax Assessment Acts 1936 and 1997 contain many extremely complex rules. If a tax return preparer is not highly skilled in tax return preparation, he or she may not be aware of all the possible tax deductions in a given situation. In such a scenario, it is best to leave your tax preparations to the experts that guarantee maximum tax refund legally.
2. Overclaiming tax deductions
Overclaiming of tax deductions can result from either ignorance or deliberate tax avoidance. Beware however, If the ATO audits and finds you are overclaiming, not only will you have to pay the shortfall tax back, there is the potential for penalties ranging from 25% to 75% of the shortfall tax. Don’t run the risk of incorrect deductions on your tax return that may result in an audit from the ATO!
Expertise Means Value
Did you know…? Fees paid to a registered Tax Agent to complete your tax return are deductible.
Our fee is claimable as a tax deduction on your next tax return and we can usually easily recoup our fee with extra tax deductions.
Which would you prefer, a slightly cheaper price and smaller tax refund, or a slightly higher price but an even larger tax refund?