Individual Tax Return


Salaried employees are required by law, to lodge their individual tax returns by the due date every year.

And as individuals, many work related tax deductions are available to reduce your taxable income and tax liability.

Examples include: usage of a car for work purposes, working from home, training and study-related expenses, and many others.

As an individual, you can also claim a deduction for donations made to registered charities, as well as your tax agent fee.

Below is some useful information to help you get the most out of lodging your tax return:

Why lodge a income tax return?


As an individual, you must lodge income tax return 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.

Which income is included in the personal tax return?


If you are an Australian resident for tax purposes, you must declare all income earned anywhere in the world, in your tax return.

You will still be entitled to a tax free threshold of $18,200, as well as being liable to tax on income above this threshold.

Foreign residents must declare any income earned in Australia in their tax return.

This could include employment income and capital gains, and there is no tax-free threshold for foreign residents.

Maximizing your deductions can boost your tax refund significantly.

As each circumstance is different, it is best to speak to an experienced Tax Accountant Perth to get the best result for your Individual Income Tax Return planning.

One good tip is that any loss you make on your investment property due to interest payments and depreciation, can be offset against your salary income.

This can be a significant tax benefit to individual taxpayers in reducing their tax bills.

At Tax Return Perth, we help each individual assess the appropriate criteria when filing their income tax return.

This enables our clients to get the best available rebates, concessions and deductions, according to their individual status.

When to lodge your Individual Tax Return?


You must lodge your individual tax return by the 31st October each year.

The ATO imposes strict penalties for late submission of tax returns, and you could be paying as much as $900 per return.

Fortunately, if you are lodging your tax return through a tax agent, the time allowed to lodge your return is extended until the 15th May the following year.
So, to be on time and save your tax penalty, get in touch with the best tax return consultants in Perth – Tax Return Perth.

Professional help on Individual Tax Return:


Are you struggling to assess and audit your tax liability, and unable to submit your income tax return within the prescribed time-frame?

Then don’t delay and run out of time in assessing your tax liability.

Tax Return Perth can help you get the maximum rebate and concession from your income tax return.
At Tax Return Perth we have a great team of experienced and expert consultants who can provide you with the best professional help regarding your financial planning and management issues.

We can also help you to organize and maintain a systematic record of financial events relating to your business.

You just need to focus on your core business tasks, and leave all of the financial management to us.

Need Help With Your Tax Return?

  • Supportive and great management in every single way, I had a great experience with Tax Return Perth and their Business Tax Return services. I feel safe and satisfied with their services, also their experiences Tax Accountant Perth not only help me in the lodge the tax return but also gave the proper suggestions regarding my business. Thanks for your tax preparation services who really worked for me.
    Those who are looking for Tax Return Near Me, highly recommend Tax Return Perth for their excellent work in the field of tax lodgement.
    Pathma Naburn
  • I have no words to say about the phenomenal work by tax return Perth. Although they work from their office, their prompt response and effective communication make me believe that I have hired a personal accountant for Tax Return Filing myself. It's been close to 2 years they are handling my individual tax return as my long working hours in the office are not letting me concentrate on my tax issues. Their experienced team is well versed in managing tax return services and maintaining your financial health to its best. Your search for the best tax return near me ends with them as they won't let you down. Go try it and get mesmerised with their quality of work.
    Mayank Mehta
  • Tax Return Perth has been a lifesaver for me. I value their expertise and ongoing compassion and kindness. We have been with other Tax Return Perth for several years and have referred them on to a number of our friends with small businesses. You can not fault their Tax Preparation work ethic and quality of work, and they always makes themselves available. We wouldn't be where we are at with our small business without them as our accountant. Would definitely recommend Tax Return Perth to people living near Perth, CBD
    Yeshey Nidup
Paying Too Much For Tax or Need an Expert Tax Return Consultant?
Copyright 2020 Tax Return Perth All Rights Reserved.
Enquire Now
Call Us Now