
tax deductions for rental property investors
If you own a residential property that is rented (or available to rent) during the year, some of the tax deductions that you may be
You can complete and submit your entire individual tax return right here on our site & at the same time upload any supporting docs, from the comfort of your home.
With us you know your return has been done properly. Our 5 step process is thorough and ensures you claim all the deductions you can and tick all the requirements from the ATO.
All your data is stored securely in Australia, and managed securely as we communicate with you and submit it to the ATO. All our tax agents are based in Australia too.
The Personal Tax Specialists team has developed an online, 5-step process that we use for every single income tax return.
The process is simple and easy for anyone to follow. No complicated tax jargon or faulty apps. It just works.
If you are a new Personal Tax Specialists client, simply complete our New-Client-Form which asks for the basic information we need to welcome and register you as a client. Once you return this form to us we will let the Tax Office know that you have become one of our clients.
If you are already one of our clients, we will email you our Quick Update Form at tax time each year. This form lists your details as we have them on our system. You just need to let us know if anything has changed.
Next we contact the Tax Office to find out what information they already have about your income for this year. This may include PAYG payment summaries (supplied by your employer) and details of any interest or other investment income you received for the year.
We use this information and our knowledge of the deductions allowed for your specific occupation, to prepare your Personalised Tax Checklist. Your checklist will only ask questions that are relevant to you and may even prompt you to claim things you hadn’t thought of before. Use the checklist to record all of your income & expenses for the year and then email it back to us.
If you have any questions at this point, you just need to write them on your checklist and one of our Tax Preparation Team members will contact you.
Once we have received all of the information we need from you, our Tax Preparation Team will prepare your tax return using our electronic Tax Agent software.
Every tax return prepared by our Tax Preparation Team then undergoes our quality assurance review process to ensure that it is correct.
Step 3 will take a maximum of five working days to complete (provided we have all of the information we need from you)
Next your tax return is saved as a PDF document (with password protection) and emailed to you to be checked and signed. You just need to print out the pages that need to be signed (we will let you know which ones they are) and then either email or snail-mail those pages back to us. At the same time we will email you our invoice for the preparation and lodgment of your return. You will need to pay us, either by making a direct deposit into our bank account or by providing us with your Visa or MasterCard details, before we lodge your return; or if you prefer, we can deduct our fees from your tax refund once it arrives from the Tax Office, so you don’t have to worry about it (but an additional charge of $27.50 applies for this “fee from refund” option). On the day we receive your signed tax return, provided your account with us has been paid, we will lodge your tax return electronically with the Tax Office.
Because we use the electronic lodgment system, the Tax Office will usually process your return and issue your assessment within 2 weeks. If you elect to have your refund paid straight into your bank account (which we suggest) you will often see it even earlier than that. If at any point throughout the 5-step process you find that you need help with anything at all, we are just an email, text or phone call away.
By following this process, we ensure that your return is completed accurately and results in the best possible refund, with the least effort on your part.
The Personal Tax Specialists team has developed an online, 5-step process that we use for every single income tax return.
The process is simple and easy for anyone to follow. No complicated tax jargon or faulty apps. It just works.
You help us save trees, we help you save fees! Our rates are fixed with no hidden surprises after submission. Read about our exact pricing here.
Once you go through our 5-step process and submit your documents to us, we’re able to complete your return within a few hours, send it back to you for final approval and then submit it to the ATO.
Whether it is Bitcoin or Ethereum, we can assist with all your crypto tax needs.
Tax deductions are industry dependent. We have a complete list of deductions for each profession. Find yours here.
Working from home? Download our free WFH tax cheat sheet. Check if you’re eligible to claim WFH deductions, what you can claim and how.
If you own a residential property that is rented (or available to rent) during the year, some of the tax deductions that you may be
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Tax Tip – Nurses, midwifes and direct carers (nurses aides) may be on the 2013 Tax Office audit target list In 2013 the Tax Office
If you own shares or managed trust investments, some of the tax deductions that you may be able to claim are listed below. The cost
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Tax Tip – Building Industry workers are on the 2013 Tax Office audit target list In 2013 the Tax Office will be reviewing (or auditing)