How to prepare for your tax return in 2023

Tax Return

In Business Tax & Money House, we specialise in Australian and International Taxation. We prepare Tax Returns for clients based in Australia, as well as overseas. Having our international clients all around the world, we can prepare Tax Return remotely, no matter where you are located.

If you are in Sydney, NSW, feel welcome to visit our office based in Bondi Junction, where we can prepare your return on the spot, answering your questions and making sure we did not miss on any deductions. Book your appointment today.

Tax Return Service Cost

An individual tax return starts at $220 for a TFN-only return and $330 where there is an ABN, including GST. Depending on the complexity of your return, additional fees may apply – rental properties, investments or complex deductions all take more work. Our pricelist carries the current fees for every service and is the figure to rely on.

We prepare your Tax Return professionally and effectively, and we always check on any possible deduction to maximize your refund. We treat all our Clients with the same care and respect, and our online Clients enjoy the freedom of having complex tax & accounting service at a click of the button.

Please read all below checklist titles below as more than one may relate to you.

• Your personal info – starting point compulsory for everyone
• Power of Attorney – authorising us work for you
• Medicare exemption certificate – for Travellers
• Employment income and deductions
• Business income and deductions
• Investment income in Australia
• Checklist for early lodgment (Final Tax Return – leaving Australia)
• Hints on getting a bigger refund

Please send the checklists to us, you may print them and complete manually, or copy them to your e-mail or open them in a word processor, edit and send to us.

How to Prepare Your Documents

You do not need to show us your receipts and tax invoices for the income and expenses you claim. We will require to see only income information where there was tax taken (withheld) from your payments. These include:

• Your income statement (what used to be a group certificate or PAYG payment summary – it is in myGov now, and we can see it too)
• Bank statement showing Tax Withholding, if greater than zero
• Voluntary Withholding statements from your contractor employers
• Dividend statements showing Franking Credits
• All tax statements provided by investment bodies
• Investment income statements showing tax amounts
• Any other documents showing TFN Withholding or Tax Withholding

The above checklists do not form any advice and should not be relied on entirely, but used as a helping tool in preparation of documents for your Tax Return. We prepare all Tax Returns on a personal basis and we will review your personal situation before we will prepare and lodge your return. This will ensure compliance with all Australian Taxation laws and regulations.

Please also read about record keeping and visit ATO website to learn more.