KNS ACCOUTANT

Income Tax Return for Individuals

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For many people, the idea of dealing with taxes is stressful and overwhelming, but it doesn’t have to be. With a little planning and the help of a professional, you can make tax season a breeze. 

The KNS team of accountants are here to help. 

We’ll work with you to ensure your taxes are filed correctly and on time. We’ll also help you maximise your deductions and minimise your liabilities. 

Don’t let tax season get the best of you. Contact KNS today and let us help you take care of your business.

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Lodging an Individual Tax Return with a Registered Tax Agent?

In Australia, filing your own tax return is an individual responsibility. If you generate taxable income, you need to submit an individual tax return online. This includes all your income from employment, investments, capital gains and other sources. 

This return must be filed with the Australian Taxation Office (ATO) by 31 October each year. Failure to do so can result in significant penalties, including fines and interest charges.

While it may seem like a hassle, filing your tax return is actually relatively simple—especially if you have an accountant on your side. 

An accountant can help you gather all the necessary paperwork and ensure everything is in order. They can also answer any questions you may have and help you receive the maximum refund possible.

In addition, an accountant can help to ensure that your return is filed timely and accurately, avoiding penalties and interest charges. 

So, if you’re feeling overwhelmed by the prospect of filing your taxes, consider enlisting the help of an accounting professional. With their assistance, you’ll be able to file your return with confidence.

Here at KNS Accountants and Business Advisors, our number one priority is ensuring individual taxpayers get the best possible outcome. We have a team of highly experienced and qualified accountants who can help you with every aspect of your tax return, from ensuring you get the best refund to lowering your tax compliance burden.

We understand that everyone’s financial situation is different, so we offer personalised services and special lodgment schedules to each of our clients. Whether you’re self-employed, a property investor, or a high-net-worth individual, our team is here to help.

Contact us today to find out more.

What Do You Need to File an Individual Tax Return?

When it comes to preparing your individual tax return, there is a lot of important information that you will need to have on hand, including your: 

  • Tax File Number (TFN)
  • Payment summary from your employer or your ATO income statement for the current income year
  • Information regarding your other sources of income, including company shares, rental income, managed funds, cryptocurrency investments, and dividend payouts
  • Records for any work-related expenses so that you can claim relevant tax deductions
  • Private health insurance statement 
  • Other relevant information about child support (if applicable) and charity donations
  • Your Bank State Branch (BSB) and account number for any tax refund due to you

 

One of the most important things is to keep good records throughout the year. This way, when it comes time to lodgement, you won’t have to dig through piles of paper to find all the relevant documents. Instead, they will all be in one place, ready for you to use. 

Additionally, by keeping track of your expenses and income throughout the year, you can be sure that you are making the most of your tax deductions. 

So, even if you are planning to get an accountant to help you lodge your individual tax return, be sure to keep good records from the start—it will save you (and your accountant) a lot of headaches come tax time.

How Can KNS Help You Lodge Your Return and Make the Most of a Tax Refund?

When it comes time to lodge your individual tax return with the ATO, you want to be sure that you’re getting the best possible help. 

That’s where KNS tax accountants come in. 

We’re experts in tax law and know how to get the most out of your tax return. We’ll work with you to make sure that you claim all of the deductions and offsets that you’re entitled to, and we’ll make sure that your return is lodged on time. 

We know that dealing with taxes can be stressful, so we’ll do everything we can to make the process as smooth and stress-free as possible. 

So why not give us a call today and see how we can help you with your individual tax return?

 Reliable 

When it comes to our tax agents, we can be confident that they are reliable. 

With years of experience and a wealth of knowledge, they are able to provide you with the best possible advice and guidance.

Professional

From the initial consultation to the final product, we work hard to ensure that our clients are happy with the results.

We take the time to understand our client’s needs and wants, and we make sure that those needs are met during every step of the process.

 Quality 

We pride ourselves on providing only the best quality of service to our clients. 

That’s why we make sure to hire only the most qualified and experienced accountants. With years of experience in the field, our accountants are able to provide accurate and reliable services that our clients can rely on.

 

Schedule a Free Consultation with our Tax Accountants Today

Located in Penrith, Parramatta, and Blacktown, our team provides services throughout the surrounding areas. Our goal is to add value to your finances by providing access to a wide range of services.

We provide solutions to help you go from strength to strength, whether you’re a business owner, sole proprietor, executive, or independent. 

Contact us today to get started.

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Reliable

When it comes to our tax agents, we can be confident that they are reliable. With years of experience and a wealth of knowledge, they are able to provide you with the best possible advice and guidance.

button-professionalism

Professional

From the initial consultation to the final product, we work hard to ensure that our clients are happy with the results. We take the time to understand our client's needs and wants, and we make sure that those needs are met during every step of the process.

button-quality

Quality

We pride ourselves on providing only the best quality of service to our clients. That's why we make sure to hire only the most qualified and experienced accountants. With years of experience in the field, our accountants are able to provide accurate and reliable services that our clients can rely on.

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Accounting Made Simple.

Schedule a Free Consultation with our Tax Accountants Today

Located in Penrith, Parramatta, and Blacktown, our team provides services throughout the surrounding areas. Our goal is to add value to your finances by providing access to a wide range of services.

We provide solutions to help you go from strength to strength, whether you’re a business owner, sole proprietor, executive, or independent. 

Contact us today to get started.

Phone

(02) 9625 2388

Email

info@knsaccountants.com.au

LUDDENHAM OFFICE

70 Campbell St Luddenham NSW 2745

Arndell Park

Suite 102, 69 Holbeche Rd Arndell Park NSW 2148

ALBURY OFFICE

Level 1, 6/571 Dean Street Albury NSW 2640

Lets Have A Chat

We focus on relationships with our clients, being available to answer any business, accounting, or tax questions you may have.

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Established in 2014, KNS Accountants & Business Advisors are a team of experienced and knowledgeable professionals ….
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  • ALBURY OFFICE
  • Level 1, 6/571 Dean Street Albury NSW 2640
  • Arndell Park Office
  • Suite 102, 69 Holbeche Rd Arndell Park NSW 2148
  • LUDDENHAM OFFICE
  • 70 Campbell St Luddenham NSW 2745
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Riya Roshan UNDERGRADUATE

Riya is the newest addition to the KNS team and looks after bookkeeping and administration for us. She is currently completing her Bachelor of Professional Accounting degree from Macquarie University, and is aiming to pursue her career as a forensic accountant when she graduates.

She is also a certified Xero and Quickbooks advisor.

When Riya isn't studying or at work, you can find her binging on Netflix!

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Simrani Prasad UNDERGRADUATE

Simrani joined the KNS family in July 2020. She’s currently studying at Macquarie University and has aspirations to be a property tax specialist in the future!

With a passion for investing in property, shares and crypto, Simrani keeps up-to-date with the latest market trends. Simrani takes care of all bookkeeping, individual tax returns and is a certified Xero and Quickbooks advisor.

In her spare time, she loves organising events for the team like monthly drinks and weekends away

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Abigail Adriano Accountant

Abigail is a dedicated Accountant with a flair for baking and a deep love for her family. As a mother of one, she understands the importance of balancing work and personal life. In her professional role, Abigail goes above and beyond to assist her clients with efficiency and a personal touch, making sure to always exceed expectations.

With a true passion for accounting, Abigail excels in her field, particularly in areas such as payroll, superannuation obligations, and tax returns for individuals and businesses of all sizes. Clients trust Abigail not only for her expertise but also for her warm and approachable nature, making them feel at ease when discussing their financial matters with her.

When she's not crunching numbers, Abigail enjoys spending quality time with her loved ones, baking delicious treats, and creating joyful memories with her family. Her dedication to both her professional and personal life is a testament to her strong work ethic and caring nature.

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Raj Singh Accountant & Virtual Chief Financial Officer

As a seasoned professional providing top-tier accounting services and acting as a Chief Financial Officer for A-listed clients, Raj brings a unique blend of financial expertise and strategic leadership. With a relentless dedication to ensuring clients' financial success, He takes pride in keeping the financial affairs in pristine order while driving growth and profitability.

Beyond the boardroom, Raj's passion extends to the soccer and rugby fields, where he finds joy in the competitive spirit and teamwork these sports offer. Whether strategising business plans or game-winning plays, his love for both fields shine through his commitment to excellence.

In the kitchen, Raj finds solace in cooking up delicious meals for his loved ones, embodying caring nature through the act of nourishing and bringing people together. This same caring nature extends to his professional life, where he strives to keep the team cohesive and motivated, believing that a united team is the key to achieving remarkable results.

When Raj is not assisting clients or leading the team to success, you can find his cherishing quality time with his family. Balancing work and personal life are essential to him, and he find that reconnecting with his loved ones fuels to drive and passion for what he does.

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Krishan Sharma Accountant & SMSF Audito

Krishan Sharma is a dedicated SMSF Auditor, renowned for his expertise and professionalism in the field.

As the proud recipient of the prestigious Institute of Public Accountants 2022 Member of the year award (New South Wales), Krishan as consistently demonstrated his commitment to excellence in accounting and SMSF auditing.

A registered tax agent and a registered practitioner with Chartered Accountants Australia and New Zealand, Krishan possesses a wealth of knowledge and experience that sets him apart in the industry. His meticulous attention to detail and deep understanding of financial regulations have earned him the respect of his peers and clients alike.

Beyond his professional achievements, Krishan in his personal life finds fulfillment in giving back to his community through volunteering with religious groups. He cherishes quality time spent with his family and children, finding joy in creating lasting memories together.

Krishan Sharma is not just a skilled accountant and SMSF auditor, but also a compassionate individual who strives to make a positive impact both professionally and personally.