Taximise tax accountants are registered as a Tax Agent with the Australian Taxation Office (ATO).

Our tax agents provide tax services and advice in the following areas:

Local and international tax planning Income tax Capital gains tax Fringe benefits tax Goods and services tax SMSF

Preparation of income tax return for all entities Tax compliance and investigations Land tax Payroll tax Withholding tax Tax amendments for all entities

Taximise offer tailored taxation solutions for Individuals (tax return for residents and non residents), Businesses and Companies, Partnerships, Trusts, Superannuation Funds, etc. Our tax agents also prepare tax amendments for all entities, when so required. We strive to legally maximise your tax refund, and ensure a fast tax return with $0 upfront fee*.

From time to time, Taximise offer free half-hour initial consultations and other offers for all taxation matters. Please check our current offers for your tax lodgment fees.

If you would like to proceed and use our taxation services, either for tax lodgments or for tax amendments, please contact one of our tax agents to book an appointment. We have provided on our website checklists of essential information / documents that you should have details off / bring along with you for your appointment with one of our tax agents, in order to allow us to speed up the tax lodgment process with the ATO:

For Company, Trust and Partnership tax returns, the checklist is located here (link opens in a new window).

For SMSF (Self-Managed Superannuation Fund) tax returns, the checklist is located here (link opens in a new window).

For Individual tax returns, the form is located here (guess what?...link opens in a new window).

* Where applicable

 

Non Residents versus Residents

People that arrive to Australia on a one-year working holiday visa (for example many backpackers from Europe, UK, Ireland, Italy, Japan, etc) are regarded as non-residents for tax purposes. By law, the income tax for non-residents is calculated using the maximum tax threshold, and thus non-residents pay very high income tax. However this changes significantly by being regarded as a tax resident for taxation purposes, as shown below.

In general^*, the three main factors a tax agent may use to determine if one is a Tax Resident are:

• Have you been in Australia and stayed in the same area for 183 days (6 months) or more for the tax year ending 30th of June, and:
• Have you worked more than four to five months continuously with one employer full time, or:
• You worked for five months continuously with multiple employers.

Being regarded as a resident for taxation purposes means that one may be entitled to substantial tax refunds off the tax paid by one's employer at the 29% flat rate for the first $34,000; if one qualifies as a tax resident, then he or she will be entitled to a tax free threshold income of up to $6,000 per tax year (for the 2009 tax year) and a tax rate of 15% on the balance between $6,000 and $34,000. For example, a person that has stayed in Australia for the full financial year and is regarded as a 'tax resident', and had a taxable income of $34,000, may benefit of considerable tax savings, given that the refund would be around $5,660! Also consider that this amount may grow further by applying any other rebates, deductions and/or exemptions that one may be legally entitled to.

Contact one of our tax agents to explore the benefits that may be available to your particular circumstances. Please note that even if you submitted your tax already, and you found out subsequently that you may not have benefited of exemptions applicable to you, let us know and we will investigate if a tax amendment is appropriate for you, in order to rectify this situation.

Note that before you can apply for a tax refund you need a Tax File Number (TFN), PAYG summary and a copy of your passport.

* For more accurate residency determination you can log-on to the ATO and use the provided tools by going to our Useful Links page and clicking the Residency status link situated in the Tax essentials for individuals (Resident and Non-resident) category.

 

Taxation for Businesses

"Tax Basics Explained Simply" is a good, succinct introductory primer to basic business essentials from a taxation view point. The article touches on basic taxation and accounting aspects as they relate to setting up and running a business, such as ABN/ACN, the need for good bookkeping and accounting, cash versus accrual accounting, tax return and tax concessions, GST, PAYG, BAS, etc. The article can be found here. For more detailed information or information highly specific to your circumstances please make an appointment with one of our tax accountants at your earliest convenience.

For a wealth of detailed information on any of the taxation and accounting topics above and many others, please visit our Useful Links page.

 

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