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Personal Income Tax

Personal Income Tax Compliance and Advisory Services

Shawcross Consulting provides a range of compliance and advisory services to assist you in meeting your personal taxation obligations as well as optimising your after tax position. We believe in having strong relationships with all of our clients, so all of our services are provided on a personal basis. We want to work with you to help you achieve your goals and become your trusted advisor. Although we use technology to deliver the best results you will always be able to meet and/or speak with us.

Income tax returns

Preparation and lodgement of personal income tax returns, including the following:

  • Salary and wage returns

  • Expatriate employee returns
  • Rental properties and investments

As part of the return preparation process we will identify all available deductions in relation to your employment and investment income. We make sure that we are on top of everything so that you don't need to be.

Please Note: Under the Tax Agent Legislation we cannot lodge any returns without undertaking our own independent review in order to satisfy ourselves that the return has been prepared correctly.

Advisory services

Provision of advisory services aimed at ensuring that you are optimising your personal after tax income as well as understanding all of your entitlements and meeting all of your obligations. These services include the following:

- tax effective benefits

- comparative tax calculations - packaging v non-packaging

- exemptions and concessions

- Novated car leases

- Associate car leases

  • Expatriate employees

- Contract review - tax effectiveness

- Salary packaging options

- Departing superannuation payments

- Medicare Levy exemption application

- Tax equalisation calculations

  • Termination payments and redundancies

- Understanding the correct tax treatment of the payments you receive

- The implications for salary packaging & novated leases on termination

  • Superannuation

- Understanding your entitlements

- Concessional and non-concessional contributions

- Excess concessional contributions tax

- Division 293 Tax on superannuation contributions

ATO Taxpayer Charter - Your Obligations

Being truthful

The tax and superannuation systems are based on you providing complete and accurate information. This includes:

  • providing correct information on your tax returns, activity statements and other documents
  • providing the full facts and circumstances when you seek advice
  • answering questions completely, accurately and honestly.

Keeping the required records

The law sets out the records you must keep.

Keeping good records allows you to prepare accurate tax returns, activity statements and other documents as well as helping you keep track of your financial affairs. Generally, your records must be in English and you must keep them for five years.

Taking reasonable care

You must take reasonable care that you provide complete and accurate information in your tax returns, activity statements and other documents. This means you must take the amount of care that a reasonable person in your circumstances would take to meet their obligations.

You are responsible for your affairs even if someone else, including a registered agent, helps you.

Lodging by the due date

Tax returns, activity statements and a number of other documents and information must be lodged by certain dates. If you are having difficulty complying with these dates, contact us before the document or information is due. Based on your circumstances, we may be able to give you extra time to lodge.

Even if you cannot pay the amount owing you should still lodge your tax return or activity statement on time. Penalties may apply if you do not lodge on time.

Paying by the due date

You must pay the taxes and other amounts you owe by the due date. If you are having difficulty doing this, contact us as soon as possible - preferably before the due date – to discuss your situation. It may be possible to give you extra time to pay without interest charge or to negotiate an arrangement to pay by instalments. If we do enter into such an arrangement, you will normally have to pay interest on the late payment.

Being cooperative

We prefer to work with you cooperatively, providing you with help to meet your obligations voluntarily. However, if you are uncooperative or obstructive, we may need to take firmer action. For example, we have formal access and information gathering powers that we use if necessary. People who are obstructive may even be prosecuted.

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