Maximise Your Refunds with Expert Tax Return and Planning Services from Cantor Accounting

Introduction: Filing a tax return can be a stressful and time-consuming process, especially with Australia’s complex tax system. However, with the right planning and advice, it’s an opportunity to minimise your tax liability and maximise your refunds. At Cantor Accounting, we specialise in helping individuals and businesses navigate their tax obligations while offering strategic tax planning services that prepare you for future financial success. Here's how our tax return and planning services can benefit you.

1. Why Professional Tax Return Services Matter

Filing your tax return might seem straightforward, but there are numerous deductions, rebates, and tax offsets available that many people overlook. Our professional tax agents ensure that you don’t miss out on any potential refunds by thoroughly reviewing your situation and ensuring you comply with the latest tax laws.

• Accurate Filing: Our team makes sure your tax return is accurate and fully compliant with the Australian Tax Office (ATO) guidelines, reducing your risk of audits or penalties.
• Maximise Deductions: From work-related expenses to investment property deductions, we ensure that you claim every deduction you're entitled to, boosting your tax refund.
• Tax Offset Advice: There are several tax offsets available depending on your income and circumstances. We help you identify which ones apply to you.

Pro Tip: Every individual’s tax situation is different, so personalised advice is crucial to getting the most from your return. At Cantor Accounting, we take the time to understand your unique situation and tailor our advice accordingly.

2. Individual Tax Returns: More Than Just Filing

For individuals, tax returns aren’t just about compliance—they’re an opportunity to improve your financial outcomes. Whether you’re an employee, freelancer, or have complex investments, we ensure that your tax return is filed accurately and with all the possible deductions included.

• Work-Related Deductions: Whether it’s home office expenses, tools, or professional development costs, we help you claim all work-related deductions that apply to you.
• Investment Property: Owning a rental property can offer significant tax benefits. Our team will ensure you claim all eligible deductions like loan interest, maintenance, and depreciation.
• Capital Gains Tax (CGT): If you’ve sold assets such as shares or property, our expert team will help you minimise your CGT liabilities through effective record-keeping and advice.

Pro Tip: Even small, overlooked expenses can add up. We recommend keeping detailed records of all your receipts and expenditures throughout the year to make the process smoother at tax time.

3. Business Tax Returns: Simplified and Optimised

Business tax returns can be complex, involving multiple forms of income, expenses, and regulations. Whether you’re a small business owner, sole trader, or operate through a trust or company structure, Cantor Accounting ensures that your business tax return is optimised for savings.

• GST and BAS Lodgements: We handle your Goods and Services Tax (GST) and Business Activity Statement (BAS) lodgements, ensuring accuracy and compliance.
• Business Deductions: From operational costs to depreciation and employee salaries, we’ll ensure that you take full advantage of the deductions available to your business.
• Small Business Tax Concessions: We help you access small business tax concessions, including the instant asset write-off and simplified depreciation rules.

Pro Tip: Strategic tax planning doesn’t start at the end of the financial year. Our accountants work with you throughout the year to ensure your business is on track and prepared for tax season.

4. Strategic Tax Planning: Setting You Up for Future Success

Tax planning is about more than just filing a return. It’s about making smart financial decisions throughout the year to minimise your tax liabilities and maximise wealth over the long term. Our expert tax planning services ensure you’re in the best position when tax season rolls around.

• Tax Structuring: Choosing the right business structure can significantly impact your tax obligations. We help you determine whether a sole trader, partnership, company, or trust is the most tax-efficient structure for your business.
• Superannuation Contributions: Making additional contributions to your superannuation can reduce your taxable income while boosting your retirement savings. We advise on the best ways to take advantage of these opportunities.
• Income Splitting: For families, income splitting strategies can help you reduce the overall tax burden by distributing income between family members in lower tax brackets.
• Fringe Benefits Tax (FBT): If your business offers perks like cars, parking, or loans to employees, you may be liable for FBT. We can help you navigate this complex tax and reduce your liability.

Pro Tip: Effective tax planning is an ongoing process. Meet with your tax adviser throughout the year to stay ahead of changes and capitalise on opportunities for savings.

5. Tax Advice for Investments and Capital Gains

If you’re an investor, you’re likely familiar with the capital gains tax (CGT) that applies when you sell shares, property, or other assets at a profit. We offer expert advice on managing your investments for optimal tax efficiency, ensuring that you keep as much of your profits as possible.

• Capital Gains Management: By holding onto assets for over 12 months, you can halve your CGT liability. We help you plan the timing of your asset sales to reduce tax exposure.
• Dividend Imputation Credits: For those investing in Australian shares, franking credits can provide significant tax benefits. We’ll help you understand how to use these to your advantage.
• Negative Gearing: If your investment property generates a loss, you may be able to offset that loss against other income to reduce your tax. Our team will show you how to leverage negative gearing effectively.

Pro Tip: Planning your investments with tax in mind can dramatically impact your financial returns. Before making any major financial moves, consult with Cantor Accounting for tailored tax advice.

6. Why Choose Cantor Accounting for Your Tax Needs?

At Cantor Accounting, we don’t just file your taxes—we offer year-round support, proactive planning, and expert advice to help you achieve the best financial outcomes. Here’s why so many clients trust us with their tax return and planning services :

• Personalised Service: We take the time to understand your specific circumstances and goals, providing tailored tax advice and strategies.
• Expert Knowledge: Our team stays up-to-date on the latest tax laws and regulations, ensuring you benefit from the most current information.
• Local Expertise: With years of experience serving Ryde and surrounding areas, we understand the local business environment and tax regulations that affect you.

Conclusion: Get Ahead with Cantor Accounting

Whether you’re looking to file an individual or business tax return or need comprehensive tax planning services, Cantor Accounting is here to help. Our experienced team works with you to minimise tax liabilities, maximise refunds, and plan for a more secure financial future.

Ready to maximise your tax refund? Contact Cantor Accounting today for a consultation, and let us handle your tax returns and planning so you can focus on what matters most.