Every year, individuals in Australia are required to report their income and claim any eligible deductions or offsets by lodging a tax return with the Australian Taxation Office (ATO). An individual tax return summarises all your income—such as wages, investment earnings, business income and Centrelink payments — Along with this, any tax you’ve already paid. It’s also your opportunity to declare work-related expenses and other deductions to ensure you’re not paying more tax than you should.
Lodging a tax return ensures you stay compliant with tax laws and gives you the chance to receive a refund if you’ve been overpaid tax throughout the year. Whether you’re an employee, student, sole trader, or juggling multiple income sources, getting professional help means you won’t miss out on deductions you’re entitled to. At OMW Accountancy, we make this process simple, clear, and stress-free—so you can lodge with confidence.
We charge fees for Individual Tax Returns on a modular basis. For most basic tax returns (for example with employment income and employment deductions) the fee is a flat rate of $220.
For every additional tax schedule that needs preparing we charge an additional $165. For example:
Gone are the days of needing to bring in your Group Certificate or copies of bank statements showing interest earned. Our ATO-linked tax software securely pre-fills much of this information, making the process quicker and easier for you.
Given this – what do you need to provide?
We have curated a list of the most common questions that we get asked.