Individual and Business Tax Returns

Tax Return Preparation Requires More Than Data Entry

Tax return preparation requires more than data entry. The quality of the return depends on the knowledge applied, deductions identified, income categorised correctly, and the ATO's requirements met. Linix Accountants prepares and lodges individual and business tax returns for employees, sole traders, partnerships, companies, and trusts from Unit A1, 35-39 Bourke Road, Alexandria, Sydney.Linix is a CPA-qualified accounting practice.

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For tax return clients, this means the person preparing your return has a structured understanding of Australian tax law rather than general familiarity with it.Individual tax returns cover employment income, investment income, rental property income and deductions, capital gains and losses, and deductions for work-related expenses, self-education, and home office use. The ATO's data matching systems are sophisticated, and returns inconsistent with third-party data sources flag for review.The individual tax return deadline for self-lodgement is 31 October. Clients who lodge through a registered tax agent benefit from extended deadlines under the tax agent lodgement program.

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Frequently Asked Questions

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For individuals lodging their own tax return, the deadline is 31 October following the 30 June financial year end. Clients lodging through a registered tax agent benefit from an extended lodgement program allowing lodgement well beyond this date in most cases. Missing the self-lodgement deadline without an agent incurs late lodgement penalties from the ATO.

You can lodge your own return through myTax on the ATO website if your situation is straightforward. However, if you have investment income, rental properties, capital gains, or business income, professional preparation typically identifies deductions that more than offset the accountant's fee. Using a registered tax agent also provides extended lodgement deadlines.

For individual returns, bring income statements, bank interest statements, dividend statements, rental income and expense records, capital gains records for any asset sales, work-related expense receipts, private health insurance statements, and records of other income. For business clients, bring your accounting records, bank statements, and details of significant transactions during the year.

Sole traders can claim deductions for expenses directly related to earning business income, including home office expenses, motor vehicle costs for business use, professional development, business insurance, accounting and legal fees, equipment and tools, and superannuation contributions. Linix identifies deductions specific to your industry and circumstances.