At EndureGo Tax, it is our mission to max tax refund for you, and we are known by our clients to be the best tax agent in the field to max tax refund Sydney and Adelaide. The following article explains the intrinsic aspect of our systematic approach.
In Australia, tax returns cover the financial year from 1 July to 30 June. If you want to lodge the return yourself, then the deadline would be 30 October of the year, however, if you engage a tax agent to lodge for you, then you will enjoy the tax agent extension time frame and will be able to lodge May in the next financial year.
Everyone would love to maximize their tax refund, and as such each year about 12.4 million Australians claim more than $30 billion in total deductions against their income, and the Australian Taxation Office (ATO) contacts approximately 350,000 taxpayers about errors or omissions in their returns. So watching out for your claims on the tax return can help avoid huge penalties from ATO, or even the days in jail.
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Be Smart with Your Deductions to Maximise Your Tax Refund in Sydney
Each year, the ATO accesses more than 650 million pieces of data from third parties — including state and federal agencies, employers, banks, health insurers, and overseas treaty partners. Using this data, the ATO raised $950 million in liabilities in the last financial year from audits and reviews of common deductions, especially those related to work-related expenses and rental properties.
This year, the ATO will again closely monitor these deductions and expects to raise a similar amount in liabilities. If you want to maximise your tax refund in Sydney, it’s essential to approach your tax return smartly and cautiously.
The ATO can easily detect unusually high work-related deductions in a standard PAYG tax return. Unlike business tax returns, where higher deductions are more common, PAYG returns stand out when the claims don’t align with typical patterns.
At EndureGo Tax, our clients consistently see us as top-tier accountants and tax agents. Every year, we use our refined tax return framework to help clients reduce their taxable income and secure larger refunds. We take a meticulous approach to every deduction and often ask detailed questions to ensure each claim truly qualifies as work-related.
It’s vital to get this compliance right. Around 8.5 million Australians claim a combined $19.7 billion in work-related expenses each year, making it the largest category under ATO scrutiny. The ATO also keeps a close eye on investment losses, especially those related to rental properties.
Maximize your tax refund Sydney and Adelaide
Follow the Rules to Maximise Your Tax Refund in Sydney
When claiming work-related deductions, you must follow three essential rules:
You must have spent the money yourself.
The expense must directly relate to your job.
You must keep records to prove that the expense occurred.
One major area under ATO scrutiny is work-related car travel. Australians claim about $8 billion annually in car-related deductions, often stating that they use their vehicles for work purposes. The ATO actively contacts employers to verify how much employees actually use their cars for work and whether they travel directly from home to their destinations.
We’ll dive deeper into vehicle-related expenses in an upcoming article, but it’s worth noting that other common deductions — like general work travel, broadband, and mobile phone use — are also under the microscope. If you’re mixing personal and work use, make sure to separate and justify the work portion.
The ATO also reviews income earned from the sharing economy, such as Airbnb and Uber. So if you rent out your home or drive passengers, make sure you report this correctly.
If you want to maximise your tax refund in Sydney, trust the experts at EndureGo Tax. We know what the ATO looks for, and we’ll help you make the most of every eligible deduction.
“Most excellent help! John is super friendly and helped me secure a great return on my taxes this year. Highly recommend him and EndureGo!”
— Richard Rosendorff, SYDNEY NSW
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