Individual Tax Returns

Let Your Individual Tax Returns With Us

Pro Tax Returns understands the complexity of every individual’s financial situation including their work life and investments and as a result believes it of the utmost importance to address as many areas as possible to help you become more tax efficient.

We specialise in tax planning strategies and optimising your tax position. We take into account depreciation, special incentives and any relevant non-business deductions of your corporate entity and are committed and focused on achieving the best possible accounting outcome for your business.

Income and Deductions

Pro Tax can take care of your company’s Business Activity Statements (BAS) which should be prepared and submitted to the Australian Taxation Office quarterly to report your company’s income.

Whether you use your own car in carrying out your work duties or someone else’s car, we can effectively calculate your entitled deductions by assessing the number of work-related kilometres your drive. If you travel for work, we can assist you with claiming for expenses incurred, such as meals, accommodation, petrol, public transport and other incidental expenses.

Whether you’re an engineer or a hairdresser, a lawyer or a teacher – there are several industry-specific deductions that may help to maximise your tax return based on your occupation. We will explore these avenues with you during a consultation or after the receipt of your application.

What Work-Related Receipts / Records Should I Keep?

Here is a list of common work related expenses, applicable to citizens, residents and skilled visa-holders, which you should prepare a ledger of and keep receipts as evidence whenever possible:

Interest on loans
Management and maintenance costs relating to an investment property
Borrowing expenses, depreciation and capital works spending regarding to an investment property
Car and transport expenses
Car parking receipts, road tolls and petrol
Interest, dividend and investment income deductions
Tools and equipment
Meals when working overtime
Work from home expenses
Computers and software
Phone and internet
Work related travel

Uniforms
Gifts and charitable donations
Stationary and office supplies
Laundry and dry-cleaning expenses
Self-education expenses
Personal super contributions
Union / association fees
Private health insurance policy details
Past tax agent / accounting fees

Australian Income Tax Rates for 2023-24

Taxable Income	Tax on this Income
0 – $18,200	Nil
$18,201 – $45,000	19 cents for each $1 over $18,200
$45,001 – $120,000	$5,092 plus 32.5 cents for each $1 over $45,000
$120,001 – $180,000	$29,467 plus 37 cents for each $1 over $120,000
$180,001 and over	$51,667 plus 45 cents for each $1 over $180,000

Apply Now

If you are located in Sydney, CONTACT US to arrange an appointment with an accountant to prepare and lodge your personal income tax return. We will work closely with you to maximise your application as much as possible, and to uncover all available opportunities to ensure that you receive the best possible legal outcome. Alternatively, you can apply online. If you are not located in Sydney, fill out an application form and we will be in touch soon afterwards to discuss your case.