Most individuals need to lodge a tax return every year. Some taxpayers, such as those whose total income is less than the tax-free amount ($18,200), don’t need to lodge a return but still need to lodge a non-lodgment advice. I prepare all individual tax returns, from simple to complex. I stay up to date with the latest tax laws and regulations to ensure that you receive the maximum refund possible and avoid any penalties.
If you are a sole trader or partnership business, these come with additional compliance requirements; you must pay tax like any other business or individual.
I can assist you with your tax return and, if you are registered for GST, your Quarterly Business Activity Statements (BAS), monthly Instalment Activity Statements (IAS), Annual Goods and Services (GST) returns, and Taxable Payments Annual Reports (TPARs).
As a taxi, Uber or rideshare driver, you must register for GST, regardless of your turnover.
I provide expert help to taxi, Uber and rideshare drivers with their tax obligations so they can focus on driving and earning. I have extensive experience in Uber driver taxes, providing personalised service and support to help you maximise your earnings and minimise your tax liability.
I specialise in Rental Property Tax Returns for individuals. I ensure that your Investment Property is correctly accounted for while maximising your negative gearing tax refund. I can assist you in getting the maximum return on your property investment and manage the record-keeping requirements to comply with tax laws.
Please ask us for our rental property tax checklist, which has a comprehensive rental property questionnaire.
Individuals are charged Capital Gains Tax (CGT) on gains from selling, transferring, or otherwise disposing of assets. Many common assets, such as property and stocks, can be subject to CGT when disposed of. You need to know which type of CGT event applies to your situation and any exemptions that may be available. This affects how you calculate your capital gain or loss and how you declare your net capital gain or loss in your tax return.
Please Contact Us for further assistance with Capital Gains issues.
This is not a financial planning service.
I provide assistance in maintaining acquisition and disposal records for income tax returns and record-keeping requirements for capital gains tax (CGT) calculations.
I offer a portfolio asset register to all my clients at no additional charge to assist with their taxation obligations when they dispose of assets.
Are you the Legal Personal Representative (LPR) of a deceased person?
If so, you are responsible for ensuring that all tax affairs are up to date, including a final tax return for the income tax year, which is called a 'date of death' tax return. This is different from the trust tax return for the deceased's estate. For tax purposes, income received by the deceased estate after the person's death is treated differently. I can assist with managing a deceased person's tax affairs up to the date of death and for the deceased's estate.
I provide strategic tax planning and advice on personal taxation matters, including optimising your capital gains tax position. I can also analyse your investment portfolio, evaluate your personal tax implications, and identify opportunities to offset your gains.
I provide assistance with registrations such as:
As a qualified accountant for the purposes of the Corporations Act 2001 (the Act) and an existing member of the professional body approved by ASIC, I can issue a ‘sophisticated investor’ certificate under sections 761G(4), 761G(7), 708(8)(c), and 708(9B) of the Act, subject to meeting the eligibility criteria.
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Canberra Tax Solutions is a virtual tax preparation service that provides clients with a convenient alternative to traditional accountants' tax return services.
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