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About tax planning & income tax returns, investments or whatever financial worries you may have.
Are you a full-time employee? A part-timer? Maybe youâre juggling gigs in the ever-growing gig economy. No matter your situation, weâre here to help you get the most from your tax return. You might be missing out on deductions or credits simply because you donât know about them. Why leave money on the table?
Our experienced team not only prepares personal tax returns but also offers services like reviewing past filings, filing multiple-year returns, and even helping to reduce your tax debt. Whatever your tax needs, weâve got you covered.
Itâs easy to get confused about what counts as taxable income and what deductions youâre entitled to. Thatâs where we come in. Weâll help you gather everything you need, ensuring you donât miss any claimable deductions. We cover:
At Clear Tax, we donât just help with your current tax return and how to avoid common individual tax mistakesâwe can also help set you up for success in the future. Are you thinking about investing in property? Curious about capital gains tax? Maybe you have income from stocks or other investments and arenât sure how to report it. These things can feel tricky, but with our help, they donât have to be.
Weâll work with you to create a smart tax strategy that keeps you in the best possible financial position moving forward. Tax time doesnât have to be something you dreadâit can be an opportunity to improve your financial situation if you know how to approach it.
If you disagree with your tax assessment, are not sure that you have received your maximum refund, or simply want to get a review of your previous tax return, we can undertake a second look assessment on your behalf.
The aim of this is to make sure you get all deductions and rebates that you should, and if we find any errors we will file an amendment so that you get back any missing money you are entitled to. Any fees incurred in a second look assessment are tax deductible.
Clear Tax business and personal accountants have extensive experience in working with the ATO and can undertake tax negotiation and settlement services on your behalf. For instance, in some instances we can get interest that you have been charged remitted, or negotiate a payment plan for you. If you have overlooked deductions that would have reduced your debt, we can prepare an amendment that reduces or removes your debt to the ATO.
If you have missed a tax deadline, or you have an outstanding or overdue tax return, our Melbourne accountant team can help.
We will check your current lodgement status with the ATO in order to discover what details have been reported, and any years that may be outstanding. We will then work in partnership with you to get you up to date as soon as possible.
If you have been advised that you are required to lodge so as to avoid having to pay a penalty, Clear Tax will negotiate with the ATO on your behalf, advising them that your returns are being completed. If penalties have been issued, we will work on your behalf to have these returned.
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There are many ways in which a personal tax accountant in Melbourne can help you pay less tax. Here are the 3 main avenues for reducing the tax you pay:
A personal tax accountant in Melbourne can also help you save money on your tax by ensuring that you are not paying any more tax than you need to. A personal accountant can pursue the 3 main options for tax minimisation listed above, as well as give you further advice that is relevant to your situation.
If you are looking to save money on your tax, then you should consider using the services of a personal tax accountant in Melbourne.
There are a few things you should look for when choosing a personal tax accountant. Firstly, they should be registered with the Tax Practitioners Board and hold a current public liability insurance policy. Secondly, they should have a good understanding of the tax laws and be up to date with any changes that might affect your tax situation. And thirdly, they should be able to provide you with a competitive quote.
When it comes to choosing a personal tax accountant, you must find one that you can trust. This means finding someone who is knowledgeable and experienced in the field of taxation. It also means finding someone willing to work hard on your behalf to get you the best possible return.
The team at Clear Tax is here to help you get the absolute best result for all your personal tax matters. Get in touch with us today to find out why we are the best personal accountant for you.
MyTax â the tool you see on the ATO platform â is a good solution for people with less complex tax matters, who arenât claiming many deductions or donât have any investment income to declare. The tool has been developed to simplify taxation and make it easier for people to process returns quickly.
This also means that it is limited in scope. If you have a complex tax situation, then you may not be getting the best possible return. Using MyTax can also mean you miss crucial details in your return that can lead to fines.
Itâs always best to go with a personal tax accountant to maximise your return. The team at Clear Tax is here to help you get the most out of yours. Better yet, our personal tax accountant fees are 100% tax deductible.
If you are thinking of starting a not-for-profit organisation, or if you are already running one, it is essential to seek professional advice to ensure that you are meeting your tax obligations. A qualified accountant can help you understand the different tax exemptions and what you need to do to retain them.
The team at Clear Tax have worked in the NFP accountancy space for years, and can help you navigate the requirements. We can help to protect your organisationâs finances, and will give you peace of mind knowing that you are operating within the law.
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