TAX RETURNS

Simplify Your Taxes: Expert Help with Your Tax Return

Filing your tax return accurately and on time ensures you pay the correct amount and receive any entitlements you are entitled. Let us handle the complexities and save you time and stress.

Benefits for Professional Help

• Maximize your return:

  Our tax agents can identify deductions and credits you might miss.

• Minimize your tax liability:

  We ensure you comply with all regulations and avoid penalties.

• Peace of mind:

  Focus on your business or personal life while we handle the paperwork.

Individuals Tax Returns

Simplify Your Taxes & Maximize Your Return!

We prepare and lodge your individual tax returns on your behalf, ensuring you claim all the deductions you are entitled.

Individual tax returns are less stressful when prepared with the help of a qualified tax agent.

Every individual tax and financial situation are different, so we cover all the deductions and allowances that are unique to your individual, trade or profession.

Schedule a Consultation to Discuss Your Business Tax Needs

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Sole tradership tax

We ensure all eligible expenses and entitlements are claimed for your sole tradership, minimizing your tax burden.

The Australian government offers a range of tax breaks specifically for sole traders, like the simplified tax system, instant asset write-offs, and the small business income tax offset.

We make sure you claim ALL the eligible incentives to minimize your tax bill and maximize your profits.

Schedule a Consultation to Discuss Your Business Tax Needs

 

Company Income Tax Returns:

Expert Knowledge and Compliance

Equipped with comprehensive knowledge of current tax laws, regulations, and compliance requirements we ensure that your business adheres to all legal obligations, minimizing the risk of errors and potential penalties.

Time and Resource Efficiency

We free up your valuable time and resources, allowing you to focus on your core activities and strategic growth.

Accurate and Timely Filing

We ensure that all your company tax obligations and related documentation are prepared accurately and submitted on time. This reduces the likelihood of late filings and associated penalties, maintaining a smooth financial operation.

Maximizing Tax Deductions and Credits

We identify all eligible deductions and credits, ensuring that your business benefits from all possible tax-saving opportunities. This can lead to substantial financial savings to your bottom line.

Strategic Tax Planning

We provide valuable insights into tax planning strategies that align with your business goals. We help in structuring transactions and making informed decisions to optimize your tax position.

Audit Support and Representation

In the event of an audit, we represent your business and handle all communications with tax authorities. Our professional support ensures that the audit process is managed efficiently and with minimal disruption to your business.

Reduced Stress and Increased Confidence

We take tax stress out of your life. Knowing that your tax affairs are in the hands of a professional can significantly reduce stress and give you confidence in the accuracy and compliance of your financial management.

Access to Latest Tax Software and Tools

We are supported and equipped with advanced tax software and tools that enhance the accuracy and efficiency of tax preparation and filing. This technology can also provide valuable data insights for better financial decision-making.

Tailored Advice and Personalized Service

We offer personalized advice tailored to your specific business needs and circumstances. We understand the unique challenges your business faces and provide solutions that are best suited for your situation.

Schedule a Consultation to Discuss Your Business Tax Needs

 

Self-Managed Super Fund (SMSF) tax returns

We are a one-stop-shop for your SMSF accounting, taxation and audit

Regulatory Compliance and Accuracy

We are well-versed in the latest superannuation laws and regulations, ensuring your SMSF complies with the Australian Taxation Office (ATO) requirements. This minimizes the risk of non-compliance and associated penalties.

Efficient Tax Preparation and Filing

Handling the tax affairs of an SMSF can be complex and time-consuming. We streamline the preparation and filing process, ensuring all documentation is accurate and submitted on time, which helps avoid late fees and interest charges.

Maximizing Tax Benefits

We identify opportunities for tax savings within the SMSF framework. We help you to maximize allowable deductions, credits, and offsets, thereby enhancing the overall financial efficiency of your fund.

Audit Support and Representation

In the event of an ATO audit, we represent your SMSF, manage communications with the authorities, and ensure all issues are resolved efficiently which minimizes stress and disruption to your fund's operations.

Up-to-Date Records and Documentation

We ensure all records are meticulously maintained, which is essential for annual audits and ongoing compliance.

Risk Management

By leveraging on our expertise, trustees can better manage risks associated with SMSF administration. This includes staying informed about legislative changes and understanding their implications for the fund.

Access to Advanced Tools and Software

We use advanced accounting and tax software that enhances the accuracy and efficiency of managing your SMSF tax affairs. These tools also provide valuable insights and analytics for better decision-making.

Peace of Mind

Safio Tax and Accounting Services provides peace of mind to SMSF trustees, knowing that their fund's tax obligations are being handled by a professional. This allows trustees to focus on investment decisions and other strategic aspects of the fund.

Annual Audit

SMSF are required to have their annual financial statements audited by an SMSF specialised independent auditor. We engage/liaise with these external Auditors on your behalf, providing all the information they required on your behalf with ZERO hassle to you.

Schedule a Consultation to Discuss Your Business Tax Needs

 

FAQ Section

• Who needs to file a tax return in Australia?

  Individuals with a taxable income above the tax-free threshold.

  Those who have had tax withheld from their income.

  Individuals who received Australian government allowances or payments.

  People with foreign income, investment income, or business income.

• When are tax returns due in Australia?

  For most individuals, the deadline for lodging tax returns in Australia is October 31 for the financial year ending on June 30. If you use a registered tax agent, you may have additional time to file.

• How do I file my tax return in Australia?

  You can file your tax return online using myTax through the ATO's myGov portal, through a registered tax agent, or by completing a paper tax return and mailing it to the ATO. Electronic filing is generally faster and more convenient.

• Can I amend a tax return if I made a mistake?

  Yes, if you made a mistake on your tax return, you can amend it through myTax, by contacting your registered tax agent, or by submitting a paper amendment form to the ATO.

• What tax credits and deductions am I eligible for?

  Common deductions in Australia include work-related expenses, self-education expenses, and charitable donations. Tax offsets (credits) can include the low and middle-income tax offset, the private health insurance rebate, and the senior Australians and pensioners tax offset. Eligibility depends on individual circumstances, including income level and specific expenses.

• What happens if I miss the tax filing deadline?

  If you miss the tax filing deadline, you may incur penalties and interest. It's important to lodge as soon as possible. If you are unable to meet the deadline, contacting the ATO or a registered tax agent for assistance is advisable.

Why Hire Us

Hiring an accountant to prepare your taxes ensures accuracy, tax compliance, and maximizing deductions, giving you the peace of mind to focus on your business without the stress of managing your finances.