Individual Tax Returns
NOBLE TAX GROUP
INDIVIDUAL TAX RETURNS
At Noble Tax Group and Accounting Services, we ensure that you get the best income tax returns you are entitled to. We help you to maximize your tax returns by ensuring all your expenses are claimed and importantly, making sure nothing is claimed wrong, protecting you from ATO audit. We guide you step by step to your maximum refund. Our professional accountants assist you as expertly as possible.
All individuals taxpayers who are Australian residents for tax purposes will receive an $ 18,200.00 tax-free threshold in their yearly income.
Individuals who are entitled to Medicare benefits should also pay for Medicare Levy on top of their marginal tax. Normally, the Medicare levy is 2% of your taxable income. If you don’t have private patient hospital cover, you also have to pay Medicare Levy surcharge when
your individual taxable income is $ 90,000.00 or more. For those individuals whose family income is $180,000.00 or more, you need to pay a Medicare levy surcharge if you don’t have private patient hospital cover.
We assist our individual clients to minimize their tax liability as much as possible and implement planning like negative gearing, and capital gain to help them grow their personal wealth.
Individuals could claim:
- Work-related car expenses
- Work-related travel expenses
- Work-related clothing, laundry, and dry-cleaning expenses
- Self-Education Expenses
- Other work-related expenses
- Low-value pool deductions
- Interest and dividend deductions
- Gift or donations
- Cost of managing tax affairs
- Individuals are also entitled to Low- & Middle-Income Tax Offset.
Our accountants are ready to prepare your tax returns in person, online, or even come to your office/home. Please contact us if you need further information.