Individual Tax Returns are tax returns that are filed by individuals. This form of return is filed by both single and married taxpayers, with and without dependents. Every taxpayer who earns a specific amount of money must file this form of the tax return.
Tax Accountify provides the best effort to keep your personal finances in order and ensures you get the best income tax return that you are entitled to.
We constantly keep you up to speed on your claims, saving required documents such as receipts and advising you on maximizing your return. We strive to make your income tax return as simple as possible so that you may spend more time doing the things you like.
To perform the formalities for having the services of Individual Tax Return from Tax Accountify, you will need to have a few documents and receipts with you, like Income Statements, including:
- PAYG Payment Summaries (previously Group Certificates)
- 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
For Deductions & Expenses, the following documents will be required:
- A list of work-related expenses (with receipts), including motor vehicle log
- 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
In the case of being married, you need to have the details of your spouse, including his/her date of birth and taxable income, to check if you may be eligible for tax benefits. In your Tax Return, you must mention all the income you earned worldwide as an Australian citizen for taxation purposes.
Our support for you :
Tax Accountify Australia is one of the best options to assist you in preparing your individual tax returns. You may have your personal tax return completed by just contacting us and submitting some basic information or by filling out the online form on our website. With hundreds of income tax returns filed each year, our team is equipped to answer any questions you may have about maximizing your allowable deductions while being ATO compliant.
The deductions for which you are qualified may vary depending on your employment. If you are unsure about what types of deductions you may be eligible for, or if you have foreign source income that you are unsure how to report, Tax Accountify Accountants can advise you on what deductions to claim, what kind of records to keep for the future, and answer any questions you may have.
Our staff will handle all available occupation-specific deductions for your individual tax return in order to maximize your tax refund or minimize your tax liability. We will assist you in appropriately reporting all of your revenue and expenses to the ATO.
With Tax Accountify, you can be confident that all of your income tax return work, from drafting your tax return to dealing with knotty ATO issues, will be completed on schedule and for a set cost. Once you start working with us, you won’t have to remember the deadlines since we will remind you.
Moreover, Tax Accountify provides high-quality service to all respectable clients, which is our top priority.
