Individual Income Tax Services

Our tailored accounting and tax services are designed to meet the specific needs of Australian taxpayers, ensuring compliance, efficiency, and optimisation of your financial health. Reach out to us to navigate the complexities of income tax with confidence.

Individual Tax Return Services

Get our expert solutions that meet your needs

Income Tax Return Preparation and Lodgement

Unlock the full potential of your tax return with our bespoke services tailored for employees. We meticulously review your financial situation to ensure you claim every deduction and offset you’re entitled to, guaranteeing an optimised tax return. From work-related expenses to education credits, we leave no stone unturned.

Pricing: Starting from $150+gst – Our pricing varies based on the complexity of your tax situation, ensuring you receive personalized attention at great value.

Rental Property Income and Deductions

Master the tax dynamics of your investment properties with our expert assistance. We guide you through the intricacies of rental income, applicable deductions, negative gearing, and capital works deductions, ensuring your property investment remains tax-efficient and profitable.

Pricing: Starting from $200+gst – Tailored to the specific needs of your property investment portfolio, our pricing reflects the bespoke, expert advice provided.

Capital Gains Tax (CGT) Advice and Calculations

Navigate the complexities of CGT with our comprehensive support. From calculating potential capital gains on the sale of assets or investment properties to exploring avenues for tax relief, we aim to minimise your CGT impact effectively. Our proactive approach identifies strategies to reduce your taxable gains while staying compliant with tax laws.

Pricing: Starting from $200+gst – Given the intricate nature of CGT calculations and planning, our services are priced to offer detailed, strategic advice specific to your assets.

Sole Traders

Embrace the freedom of being a sole trader while efficiently managing your tax obligations. Our specialized services cater to the unique needs of sole traders, offering end-to-end management of business income, expenses, and taxes. We focus on optimizing your tax position, ensuring you benefit from all available deductions and helping you navigate the tax system with ease.

Pricing: Starting from $200+gst – Designed for the sole trader, our pricing structure supports the growth of your business with affordable, comprehensive tax services.

Personal Wealth and Tax Planning

Elevate your financial wellbeing with our personal wealth and tax planning services. We provide strategic advice on tax-effective investment strategies, wealth accumulation, and estate planning to secure your financial future and legacy.

Pricing: Customised – Comprehensive planning for your financial success.

Audit Assistance and Representation

Providing support and representation in the event of an Australian Taxation Office (ATO) audit or inquiry, including preparation for audits, advice during the process, and negotiation on behalf of the client if necessary.

Pricing: Starting at $200+gst per hour depending on the complexity of your case.

Why choose Virto Accountancy?

Innovative, Experienced, Nationwide

Expertise

Our team is comprised of tax professionals with extensive experience in their respective fields, ensuring you receive knowledgeable and up-to-date advice.

Personalisation

We believe in a personalised approach, tailoring our services to meet your individual or business needs.

Transparency

Clear, upfront pricing means no surprises. We communicate openly about costs, providing value that exceeds expectations.

Support

We’re not just here for tax season. Our team offers year-round support, guiding you through financial decisions and tax planning strategies.

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Frequently Asked Questions

What is the individual tax rate in Australia?
According to the latest tax rate index, the individual tax rates Australia are between 18000 AUD to 45000 AUD
The period for individual tax return Australia is 12 months from 1st July to 30th June.
The new text charges for 1 July 2024 are 18,201 to 45,000.
The ATO tax bracket change in 2024 is based on the reduction of 19% tax rates to 16% tax rates. Increasing the threshold from $120,000 to $135000.
According to the latest tax return laws, you will pay the maximum threshold of 18,200 in 2024.