Individual Tax Return

Individual Tax Return

At Nimbus we are specialists in achieving your best possible individual tax returns. We work hard to make sure you can claim as much as possible back from the tax that you’ve paid throughout the year.

We will provide you with a quote and our fees before we begin service. We ensure your tax return receives the best possible outcome.

Benefits of engaging a tax professional;

  • We make tax returns simple and efficient.
  • We have years of experience and can maximise your tax return.
  • Face to face communication.
  • Year-round advice when you engage us to lodge your tax return.
  • The maximum refund guarantee.
  • A disciplined tax expert checks and lodges your tax return.
  • Flexible and convenient.

Minimise Your Tax Liability & Maximise Your Tax Deductions

Depending on your industry and type of work, there might be certain deductions you can claim. We can help! We can complete your tax return face to face or over the phone and email. Simply provide us with relevant information and we will do the rest.

Here’s a list of things that you may need to provide;

  • Income statements
  • PAYG payment summaries (previously Group Certificates) Please provide a copy from your employer.
  • Payment summaries from Centrelink, for example: Newstart, Youth Allowance, Pensions.
  • Eligible termination payments.
  • Interest earned from bank accounts.
  • Share dividend statements.
  • Annual tax statements from trusts managed investments, property and cash management trusts.
  • Income and expenses from investment properties.
  • Business income.
  • Foreign income.
  • Deductions and expenses.
  • A list of work-related expenses (with receipts). This includes your motor vehicle log book.
  • Receipts for any charitable donations you may have made.
  • Interest and fees on investment loans.
  • Fees charged for the previous year’s tax return.
  • Income protection insurance.
  • Sickness and accident insurance.
  • Private health insurance.
  • Medicare details.
  • Extra superannuation contributions.
  • Outstanding amount of HELP debt or financial supplement loans.
  • Outstanding HEC Debt fees.
  • Accommodation and meal costs you’ve incurred from working away.
  • Home office running expenses.
  • Work-related education expenses.
  • Rental property expenses Including rates, body corporate, agent fees, interest on your loan, repair and maintenance, water rates and depreciation schedule.
  • Investment expenses.
  • Records of sales and purchases of shares, businesses or property.

Other things you may need to provide include;

  • Spouse details, including their date of birth and taxable income.
  • Details of child support payments.
  • Government debt details.
  • Last year’s tax return.
  • For any tax refund due to you, please provide your BSB and account number.

Download documents online from your banks, insurers and government agencies like Medicare and Centrelink. Check on providers’ websites to see what can be downloaded.

Cryptocurrency Tax Obligations

Need help to calculate your capital gains tax payable on your crypto currency sale transactions? We can help. Contact us today for help working out how much you will need to pay in tax on your cryptocurrency.

Notice of Assessment

Once we have lodged your tax return, you will receive a Notice of Assessment from the ATO. We will notify you of the outcome of your tax return.

Do you have any individual tax return questions?

Feel free to contact us. We look forward to touching base to discuss your individual tax returns.