Can You Prepare Your Own Tax Return?

The answer is of course you can do it! But should you?

The tax legislation fills more than two large thick volumes. As accountants, we need to stay across it all. On top of that, the ATO also releases its opinion on matters brought to its attention.

ARE YOU GOING TO READ ALL THESE BEFORE PREPARING YOUR TAX RETURN?

Probably not.

ARE YOU CLAIMING THINGS BECAUSE YOUR MATE DOWN THE PUB SAID YOU CAN?

You probably can't.

DID YOU EXCLUDE INCOME FROM YOUR TAX BECAUSE YOU DIDN'T RECEIVE IT IN CASH (DIVIDEND REINVESTMENT)?

Wrong. You still need to pay tax on it.

DID YOU EARN FOREIGN INCOME AND PAY TAX IN ANOTHER COUNTRY, SO YOU EXCLUDED IT?

As an Australian resident, you are taxed on your worldwide income.

That's what you come to a tax accountant for. We ensure you are claiming the maximum amount you can We also gather the correct supporting evidence to justify the claim. Remember you can’t claim because someone else can. Any claim/deduction is based on your particular circumstances.

WANT TO KNOW IF YOU CAN CLAIM SOMETHING IN PARTICULAR. REACH OUT AND ASK THE QUESTION!