Recording your income and claiming your work-related expenses may seem like a simple task, yet many of us are still claiming deductions that we shouldn’t be and missing out others which could be reducing our taxable income which contributes to a higher tax return.
Lucky for you, Carbon’s team of qualified tax accountants are here to work with you for a stress-free tax time. Not only will we help maximise your tax return by ensuring all your expenses are claimed, but we’ll ensure nothing is wrongfully claimed. This step is very important, as it will help protect you from the dreaded ATO audit.
There’s often confusion about what we can and can’t claim. Here’s some common expenses that may be relevant to all of us:
Motor vehicle deductions
Repairs and maintenance
Get the most out of yourtax return
With advancements in the ATO’s system, it’s never been easier for individuals to lodge their own tax returns. However, without the experience and knowledge of all aspects of the process, you could be missing out on possible deductions to maximise all the rebates and deductions you’re entitled to.
Carbon’s tax accountants are highly trained and will be able to look at your return holistically.
Our handy checklist will make preparing for your tax return a breeze.
Frequently Asked Questions
If you’ve had any tax withheld from your income during the financial year, then you are required to lodge a tax return to the ATO.
An individual tax return covers the financial year from 1 July to 30 June. Those who are required to complete a tax return has until 31 October to either lodge it to the ATO themselves or register with a tax agent.
While it’s easier than ever to lodge your tax return online yourself, you may be missing out on key deductions and opportunities by not having a trained accountant prepare it for you. Our Carbon accountants are fully across the process, so they can help guide you through.
By missing the deadline of 31 October to either lodge your tax return to the ATO or register with a tax agent, you could incur a penalty from the ATO. Carbon can help you prepare and lodge your tax return quickly, and in the future will send you a reminder before the deadline.
Lodge your individual tax return Contact us today
We’ll help you to maximise your refund!
Carbon Group have been an awesome investment to our business. Their staff are super friendly and extremely helpful and their knowledge in cost savings first class.
Carbon have assisted us to become more in touch with our business' progress as it has grown and developed.
Our experience with Carbon has been fantastic. Our bookkeeping costs are the same each week which is great as we were hourly before and the fluctuation was hard to track.
I have confidence in Carbon to complete our work to a high standard and deliver work on time.
Since starting with Carbon Group, not only do I have a much better overall understanding of my business, but more free time to actually carry out the work required.
We have been impressed with Carbon ever since we changed over. We love how there is a seamless integration of the accounting department and the bookkeeping departments.
Carbon is an integral part of our support network for achieving our organisation’s mission. We continually receive knowledgeable, timely and generous assistance from the bookkeeping team.
Fantastic serves, staff and very friendly. I would 100% recommend to anyone wanting a great accountant.
Carbon Group are an amazing company and they certainly know what they're doing. Great staff, friendly and prompt service. I will recommend them to anyone!
Carbon Group has helped reduced our bookkeeping and accounting costs by 50%