Navigating the Australian tax system can be challenging, especially for international students and skilled migrants. At Flamingo Education & Migration, we provide comprehensive support for your Individual Tax Return, ensuring you meet all obligations while maximizing your tax benefits.
What is an Individual Tax Return?
An Individual Tax Return is a formal declaration to the Australian Taxation Office (ATO) that reports your income, deductions, and tax obligations for the financial year. Filing your tax return is essential for compliance and can also help you claim any eligible tax refunds.
Why You Need to File an Individual Tax Return:
Legal Requirement
If you earn above the tax-free threshold, you are legally required to submit a tax return each year.
Claim Tax Deductions
You may be eligible for various deductions, such as work-related expenses, education costs, and other allowable claims that can reduce your taxable income.
Receive Tax Refunds
If you have overpaid tax during the year, filing your return allows you to claim a refund.
Our Services
At Flamingo Education & Migration, we offer a range of services to assist you with your Individual Tax Return:
Tax Consultation
Our experienced consultants will guide you through the tax process, helping you understand your obligations and entitlements.
Document Preparation
We assist in gathering and organizing all necessary documents, including income statements, receipts, and relevant tax documents, to ensure a smooth filing process.
Tax Return Filing
Our team will prepare and submit your tax return accurately and on time, minimizing the risk of errors or delays.
Ongoing Support
We provide ongoing assistance and advice regarding your tax situation, ensuring you are aware of any changes to tax laws that may affect you.
By enrolling in our PTE preparation classes, you will gain the skills and confidence needed to achieve your desired score and enhance your opportunities for studying or working in Australia.
If you earn above the tax-free threshold, you must file a tax return. This includes international students who work while studying.
You will need documents such as your income statement, receipts for deductions, and any other relevant financial documents.
The deadline for lodging your tax return is typically October 31 for the previous financial year, which runs from July 1 to June 30.
If you miss the deadline, you may incur penalties or interest on any tax owed. It's best to seek assistance to file as soon as possible.