Easy Individual Tax Returns​

Maximize Your Tax Return With Wistax

Paying taxes is an unavoidable part of life, but why pay more than you have to? WISTAX is a tax expert in individual tax returns, and we can help you maximize your tax return by ensuring you’re claiming the full extent of all your work-related deductions.

Our team of Certified professional accountants has an extensive understanding of recent changes to tax and superannuation laws.

The COVID-19 pandemic has changed our world and our tax laws, but we can show you these recent changes by advising you on how to improve your future tax position.

Update on Home Office Running Expenses

From FY2023, the fixed rate method of 80 cents per hour will be abolished, and the two methods to do the home office running expenses will be the actual cost method and the revised fixed rate method, which is 67 cents per hour and includes computer depreciation, mobile phone, and internet expenses.

At WISTAX, we can help you to increase your tax position by maximising the claim in the following areas:

  1. Home office Running Expense
  2. Work Vehicle Expense
  3. Donation
  4. Uniform Expense
  5. Self Education Expense
  6. Concessional Contribution to Super as Deduction 

Don't forget to claim these work related expenses in your FY2023 tax returns

Are you tired of missing out on potential tax refunds? With WisTax, you’ll never have to worry about forgetting those work-related expenses again. We’re here to help you make the most of your tax return by meticulously combing through your work-related expenses and ensuring that everything is included.

Our Promise

With WISTax, you can rest assured that you’re getting the best possible tax position in terms of a improving your tax position. Our team of experts will work with you every step of the way to ensure that all of your eligible expenses are claimed, so you can get the maximum amount possible. Say goodbye to missed opportunities!

Action:

Don’t settle for less – contact us at Wistax now and let us help you claim every eligible expense so you can get the optimal maximum tax position this year!

 

See below for those work related expenses sometime people would forget to claim

We will optimize your tax position

Our fee can also be claimed as a deduction. As a leading professional CPA accounting firm with offices in Ashfield, Sydney, and North Beach, Adelaide, we’re ready to optimise your accounting and tax affairs.

Call WISTAX today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.

Your Local Accountant

If you have a group of more than 10 neighbours willing to do the tax return together, we can visit your apartment and drive our mobile office to your office to work with you to do the tax returns. It’s a COVID-19 safe environment as we will be working in the outside open space.

We will come to you

Tax return doesn’t have to be a hassle anymore!

Are you tired of waiting in long lines or scheduling appointments with accountants that are miles away from you? At WISTAX, we’re changing the game by bringing our mobile office van right to your doorstep! No more wasting time and money on traveling or waiting in queues.

How we will help

Sit back and relax in our comfortable mobile office while one of our experienced accountants takes care of your tax returns. Our mobile office van is equipped with everything needed to file your taxes without any delays or issues.

Call now

Don’t stress yourself out this tax season, let Wistax bring the accountant to you! Schedule an appointment now and get your taxes done in the comfort of our mobile office van in your neighborhood.

Call WISTAX today for to book a time for you and your friends, hence our mobile office van can come to your neighborhood to do the tax returns on spot for you. call 1800 841 312 or book online as below.

Frequently Asked Questions about
Individual Tax Return

Do you need to file for tax return when your income is below the tax free threshold?

Yes. You do need to file for a tax return even if you income is below the tax free threshold. In the tax return, not only do you need to declare your assessable income, but you need to declare whether there is any capital gain, any foreign income and foreign asset over 50,000. If you do not lodge your tax return, and declaring to the Australian Taxation Office, then ATO will not know. There would be a penalty of failure to lodge penalty, and ATO can impose that on you if you are late or do not lodge your tax return on time, the penalty is nearly $1000 per incident of late lodgment or non lodgment 

Is failure to lodge your tax return a summary criminal offence?

Yes. Failure to lodge your tax return is a summary criminal offence. It is punishable by 1 year in jail and it is administered by 8C of the Taxation Administration Act 1953. Normally it will result in conviction, and it is an absolute liability offence. This means that ATO does not have to prove why you did not lodge, but the mere fact that you did not lodge is a crime. If you have not lodged your tax return for the past periods, please come to talk to WISTAX, and one of our specialized CPA accountant will help you to prepare and lodge all those outstanding tax returns.  

How many digits does you tax file number have?

Your tax file number has a unique 9 digit numbers. The tax file number will in general stay with you for the rest of your life. 

What happens to the home office running expense in FY2024?

The short cut method of the home office running expense has finished in Fy2024, hence you can not use the 80 cents per hour short cut method in the Fy2024. However, the budget had introduced the modified short cut method, which is the 64 cents per hour method, and one of the unique aspect of this method is that you will be able to claim those mobile phone and internet expenses which you can claim using the short curt method.  

Who will pay for the Medicare levy surcharge?

The Medicare Levy Surcharge is applicable for those high income earners, hence if your income is 90,000 and combined reportable adjustable income is over 180,000, and you do not have the relevant private hospital cover to cover for the Medicare levy surcharge, then you need to pay those additional 1%, 1.5% to 2% of the reportable adjusted income to cover that.

All WISTAX today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312 if you want value-added tax accounting.