Make individual tax easier and remove the stress from your life; let us focus on the taxation and optimise it for the optimal outcome for you.
Individual tax does not need to be a burden or a daunting task; make it easier and the taxation-related activities less stressful for you with Austral Accountants. Perhaps, it is often the End-Of-Financial-Year (EOFY) time of the year that you really think about tax but in reality, it is something that is accruing over the course of time.
As you earn your wage or salary for a Financial Year (FY) or your self-employment income, taxation is withheld by your employer for the purpose of paying to the Australian Taxation Office (ATO). In the case of those in business as a Sole Trader, owner or other type of business, company or trust owner, the more you earn in income and your revenue determines your tax figure. This can lead to either a refund or a debt, depending on your earnings and if you pay a quarterly upfront payment including if you lodge a regular Business Activity Statement (BAS).
It is not only individual tax relating to employees submitting their lodgements for tax return but also Sole Traders and with our Austral Accountants’ experienced team, we understand that there are best practice approaches to optimising all individual tax lodgements. Additionally, the relevant legislation and regulatory frameworks can be rather complex when it comes to different types of taxation, particularly regarding benefits, expenses that can be claimed, and in many cases, tax planning for the future.
For every individual lodging a tax return and statement of income, the monetary factors boil down to income, expenses that are claimable, additional benefits paid to you and whether you may receive a refund or debt. An Accountant is important for helping submit tax lodgements because of the following advantages:
1. Accountants understand the complexities of taxation laws and regulatory frameworks including comprehending the requirements and the way that taxation works
2. Our team helps clients optimise their tax lodgements with the Australian law and working in the best interests of the client
3. Expert knowledge and insight into individual income and taxation circumstances allows our Accountants to apply this, coupled with key expertise, to work with you
4. The stress of tax time or tax planning, catering for future financials and trying to submit lodgements with uncertainty of how to best make claims is made easier
Overall, Accountants are often vital for Australian citizens and residents in helping with tax lodgements, optimising solutions and working collaboratively for better outcomes.
Why not reach out to Austral Accountants today and see how our friendly team can help you gain the best out of your income and optimise your tax? We really care about what we do, and we also care about you, our client.
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