Personal Tax Return

Maximise your refund with The Tax Factor

At The Tax Factor we guarantee that your tax returns are prepared accurately with optimal results.

During your consultation, we will discuss your income, tax deductions and entitlements. Our team of qualified tax consultants have years of experience and will advise exactly what you can claim, what receipts you need to keep and how to maximise your retur ns.

To get the most out of your consultation, please come prepared with the following information. Remember the more information you provide us, the better chance we have of gaining you the maximum refund.

Maximise your refund with The Tax Factor

Income

To assess your income, you will need to bring the following (if available):

Finalised Payment summaries provided to you by your employer(s)
Centrelink payment summaries (this could include Youth Allowance, Disability Pension or Newstart)
Lump Sum and Termination Payment Summaries
Share Dividend statements for dividends received or reinvested
Income and expenses from rental properties
Tax statements from trusts, managed investments, property and cash management trusts
Government payment statements, if received Interest income from banks and building societies
Annual Tax Statements from Managed Funds
Statements from Employee share schemes

Offsets and Refunds

These are other records that you may need to consider when preparing your Tax:

Health insurance and rebate entitlement statements
IAS statements or details of PAYG instalments paid against your taxable income
Spouse details, including taxable and exempt income

Deductions

To assess your deductions, you will need to bring the following (if available):

Work-related motor vehicle expenses (Petrol, Insurance Repairs, etc.)
Travel-expenses related to employment (Tolls, Transit costs, etc.)
Work-related uniform expenses
Studies required related to your employment
Other eligible work-related expense (E.g. home office, Internet, mobile phone, tools, seminars, stationery etc.)
Donations over $2 to a Deductible Gift Recipient, such as Charities or Building Funds
Fees paid to tax agent
Interest and fees on investment loans
Income protection insurance
Library funds and school building levies
Claimable fees relating to self-education and professional development
Fees relating to Unions, registrations, subscriptions, or memberships
Payment records relating to Income protection insurance
Remember to bring your bank account details, including the BSB and account number with you to your appointment

Investment Property Owners, Invest in the best possible tax return this year

At The Tax Factor, we want to ensure you capitalise on your property investment to obtain the best possible tax advantage. Our team will keep on top of every single tax concession that is affecting investments just like yours – so you can relax, knowing that your tax is in safe hands.

Investment property tax changes

The government has recently narrowed the type of property deductions that residential investors can claim, which means that getting your taxes right just got even more complicated.

If you own an investment property, there is a lot to consider at the end of each financial year. If you’re receiving rent, we make sure to factor in a proportion of ownership interest and market rates to declare in the year received. We also deduct the interest paid on your purchasing loan and apportion interest for private expenses in your line of credit.

Our experts will make certain that you claim all the deductions you’re entitled to, including:

Repairs and renovations
Landscaping and property upkeep
Advertising for tenants
Depreciation
Insurance
Property agent’s fees
Mortgage Interest
Council rates and more!

Assistance, anytime

Our year-round support means that the buck doesn’t stop at tax time. Your income is dynamic and will always change and shift within your tax context. That is why we’re here 365 days of the year, to help you utilise your investments to your best interest. If you have any questions about your tax situation throughout the year, simply give our office a call, and our team will be happy to help you.

We specialise in making tax simple for you, no matter how complex your arrangements may be. With over 15 years’ experience, we’re fascinated by numbers – and great results.

Invest in the best possible tax return this year

At H&R Block, we want to ensure you capitalise on your property investment to obtain the best possible tax advantage. As Australia’s leading property taxation experts, we keep on top of every single tax concession affecting investments like yours – so you can relax, knowing your tax is in safe hands.

Book an appointment today for a faster refund.

Investment property tax changes

With the government recently narrowing the type of property deductions residential investors can claim, getting your taxes right just got more complicated.

If you own investment property, there’s lots to consider when it comes to end of financial year. If you’re receiving rent, we make sure we factor in a proportion of ownership interest and market rates to declare in the year received. We also deduct the interest paid on your purchasing loan and apportion interest for private expenses in your line of credit.

Our experts will make certain you claim all the deductions you’re entitled to, including:

repairs and renovations
advertising for tenants
depreciation
insurance
property agent’s fees
council rates and more

We specialise in making tax simple for you, no matter how complex your arrangements. With over 40 years’ experience, we’re fascinated by numbers – and great results.

*Prices may vary by office location

Maximum refund guarantee

If we’ve made an error that entitles you to a larger refund, we’ll refund your preparation fee and file an amendment with the ATO, up to 2 years after original notice of assessment. We go beyond bricks and mortar to keep up with current claiming.

Assistance, anytime

Our year-round support means that the buck doesn’t stop at tax time. Your investment is dynamic and is always changing and shifting within your tax context. That’s why we’re here 365 days to use your investment in your interest.

Upfront guaranteed pricing

You’re already juggling the administration associated with owning an investment property. The last thing you need is costly surprises. Before preparing your return, we’ll tell you how much it’s going to cost and the best part is, our fees are tax deductible.

Satisfaction guarantee

We do everything we can to turn your investment inside out to make sure we include all the offsets and deductions you deserve. If our services fall short of satisfying, simply stop us from lodging your return at no cost to you.

You may be eligible for additional tax rebates for your spouse and children. To verify, please bring your spouse’s details including date of birth and taxable income.

We encourage all our clients to download our new user-friendly app “The Tax Factor”. Simply scan and upload all the above-mentioned information onto the app, and we can do the rest!

Call us today and book your free consultation. Think Beyond Tax.

We can prepare your personal tax return at one of our offices, by phone, zoom, MS Teams or email at your convenience.

Start the process. Make a booking today – call us on 1300 Tax Factor (1300 829 322) or complete our online form. Send us an email or simply request us on our APP.