Tax Returns Gold Coast, Income Tax Returns, Crest Accountants

Tax Returns Gold Coast

Lodging your tax return doesn’t have to be stressful. At Crest Accountants on the Gold Coast, we help individuals and families lodge their personal income tax returns accurately, on time and with every legitimate deduction claimed. We have been helping Gold Coast residents with their tax obligations since 1973, understanding that everyone’s financial situation is different.

Whether you are lodging for the first time, have a complex return with investments or rental properties, or simply want peace of mind that everything is handled correctly, our team is here to help.

What Is a Personal Tax Return?

A personal tax return is an annual report lodged with the Australian Tax Office (ATO) that details your income, deductions and tax obligations for the financial year ending 30 June. The ATO uses this information to calculate whether you have paid too much tax throughout the year and are owed a refund, or whether you have a tax debt to pay. Most Australians who earn income above the tax free threshold are required to lodge a return each year.

When Is My Personal Tax Return Due?

For individuals lodging their own tax return, the deadline is 31 October each year. If you lodge through a registered tax agent like Crest Accountants, you may be eligible for an extended lodgement deadline. The exact date depends on your circumstances, so it is worth confirming your deadline with your accountant early to avoid any late lodgement penalties from the ATO.

What Can I Claim on My Personal Tax Return?

The deductions you can claim depend on your occupation and personal circumstances. Common deductions include:

Work related expenses such as uniforms, tools and equipment.
Home office expenses if you work from home.
Self education expenses related to your current job.
Investment property expenses including interest, repairs and management fees.
Charitable donations to registered organisations.
Income protection insurance premiums.
Tax agent and accounting fees.

It is important to keep records and receipts for all deductions you intend to claim. Our accountants work with you to make sure you are claiming everything you are entitled to while staying compliant with ATO guidelines.

How Do I Lodge My Tax Return?

You can lodge your tax return directly through the ATO’s myTax platform via myGov, or through a registered tax agent. Lodging through a registered tax agent like Crest Accountants gives you access to extended deadlines, professional advice on deductions and the confidence that your return has been prepared accurately. To get started you will need your income statements, bank interest summaries, private health insurance details and any receipts for deductions you intend to claim.

How Much Does It Cost to Get a Tax Return Done?

The cost of having your tax return prepared by an accountant depends on the complexity of your return. A straightforward individual return with employment income only will cost less than a return involving investment properties, shares or self employment income. The fee you pay your accountant to prepare your tax return is also tax deductible the following year. The best way to get an accurate figure is to contact our team for a consultation.

What Happens If I Lodge My Tax Return Late?

If you miss the lodgement deadline the ATO may issue a failure to lodge penalty. Penalties are calculated based on how late the return is and can accumulate quickly if left unaddressed. If you have missed a deadline it is important to act quickly as the ATO is generally more lenient with individuals who come forward voluntarily. Our team can help you get back on track and liaise with the ATO on your behalf if needed.

Why Choose Crest Accountants for Your Tax Return?

Crest Accountants has been helping Gold Coast residents lodge their tax returns since 1973. Our team takes the time to understand your individual circumstances and makes sure you are claiming every deduction you are entitled to. We offer a straightforward, stress free process whether you come in to see us at our Burleigh Heads office or prefer to handle everything remotely. It is why our clients stay with us year after year and regularly refer us to their family and friends.

Frequently Asked Questions About Personal Tax Returns

Do I need to lodge a tax return?

Most Australians who earn income above the tax free threshold of $18,200 are required to lodge a tax return. You may also need to lodge if you had tax withheld from any payments during the year, even if your income was below the threshold. If you are unsure whether you need to lodge, our team can advise you based on your specific situation.

What Is the tax free threshold?

The tax free threshold is the amount of income you can earn each year without paying income tax. For the 2024-25 financial year the threshold is $18,200. If you earn above this amount you are required to lodge a tax return and pay tax on the income above the threshold at your applicable marginal rate.

How long does a tax return take?

If you lodge through a registered tax agent, the preparation of your return typically takes anywhere from a few days to a couple of weeks depending on the complexity of your situation and how quickly you provide your documents. Once lodged, the ATO generally processes returns and issues any refunds within two weeks for electronically lodged returns.

What documents do I need for my tax return?

To lodge your tax return you will generally need your income statements or payment summaries from your employer, bank interest statements, private health insurance details, records of any investments or rental income, and receipts for any deductions you intend to claim. Your accountant will let you know if anything additional is required for your specific situation.

Can I lodge my own tax return?

Yes, you can lodge your own tax return through the ATO’s myTax platform via myGov. However using a registered tax agent is recommended if your return involves investment properties, shares, self employment income or any other complexity. A tax agent can also identify deductions you may have missed and ensure your return is accurate and compliant.

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What Our Clients Say About Our Tax Return Services

As the sole director of a SMSF with a Corporate Trustee in place, I transitioned to Crest Accountants in 2017.I am very happy with the professional relationship developed with Joanna Crandon. She is very approachable and always willing to explain any queries I have from time to time.The Super Fund’s paperwork is kept up to date and any work required is diligently and promptly attended to.The customer service I received is exemplary. Thank you, Joanna.

Helen Scarborough

Wesley from Crest Accountants has been looking after all our Accounting , Taxation and Financial Advice both personally and Business since 2014 .I have found the Crest Accountants team to offer exceptional service and a professionalism. Care and attention to details is of high priority .We have no hesitation in recommending Crest Accountants for your business and personal financial advice and accounting needs.Wesley is always available to share his knowledge and expertise.

Mary Sarroff – Co-Founder – Sarroff Group

I have partnered with Crest Accountants for quite a number of years now. I guess one of the most valuable things to me as a business owner - apart from good smart accounting - is the fact that Crest are proactive in their support of my business.Crest Accountants stay on top of things globally, nationally and locally in terms of what I need to be made aware of.I liaise mostly with Troy who genuinely takes an interest in the wellbeing of both myself, and the health and growth of my business. He tends to see ‘big picture’ and that has been invaluable to me over the years. This will be even more essential as we begin to navigate higher volatility levels resulting from increased global instability in the seasons to come.

Matthew Williamson – Director – HT Concepts Pty Ltd T/as Nursery and Garden Supplies

Justin Fahey has been incredibly professional all the way through the process and I would like to express my appreciation! Justin made it easy for me to provide the required information about my cryptocurrency and his confidence & great knowledge is impressive. I will certainly choose CREST to look after my future tax returns and will highly recommend Justin to any person who needs help with cryptocurrency taxation. Thank you!

Claudia Klien

“I've been using Crest accountants for 5 years & it's always a great service. Every year whenever I'm ready, I send my files through their convenient WeTransfer program and write any comments. I've never had to go into the office been able to do it all conveniently from home at anytime I want. Excellent & efficient service every time.”

Michael Slivka

“I recommend using Brett and Wes to handle any accounting matters on the Gold Coast and surrounding areas. I have worked closely with them on my personal and business matters. I find them to be very thorough, professional and can endorse their ability to others. Great Work Crest. Thanks for your ongoing support.”

Mason Kidman

“Growing a business is never easy which is why we approached Crest. We have been using Crest for the past 2 and half years and all we can say is thank you! Ryan and the team have always provided professional advice. The advice is thorough and has always taken into account the pros and cons, especially from a Risk's perspective. We have been able to establish an efficient business structure which allows us to minimise tax where possible while working towards quarterly targets to grow the business. Without Crest, our understanding of the business would not be where it is today.”

FUKU Japanese Broadbeach Restaurant

“Recently I came on board as a client and cannot recommend Angela highly enough. To date, my experience with Angela and the team has been fantastic and I would not hesitate in providing a referral. I have been impressed with the prompt return of calls and emails and have had all work completed within our agreed time frames. The valuable taxation and small business advice I have received has been incredibly useful and provided me with support and guidance on my personal and business journey. If you are looking for a Tax Accountant or Advisor, don't hesitate in making the move over to Crest.”

Lauren Gregory – Innovative Bean Counting

“I highly recommend Crest Advisors. I have been working with Crest for 4 years and they assist me personally and my business in several areas including Cashflow forecasting, tax planning, business structuring, BAS, Finance, Insurance and SMSF. They provide excellent services and will help you achieve your personal and business goals.”

Jed Newnham – Managing Director of Newnham Scaffolding

“Crest are fantastic accountants that go above and beyond in helping to keep our business run smoothly. We have been with them for the whole time we have been in business and each and every member of the team is accessible at anytime and have always gone out of their way to supply the information we need. Thank you for your great service!”

Shane and Kristy – Gold Coast Fresh Meat Centre

“Crest Accountants...we cannot recommend them highly enough!! Throughout the years Wes and his team have supplied us with their expertise and wonderful service. With a genuine concern for you and your business they are professional yet very comfortable to work with. We are grateful for their service and continue to look forward to working with them in years to come. Thanks Crest!”

Carree and Brett Pawson – Brett Pawson Metal Roofing

“I have partnered with Crest Accountants for quite a number of years now. I guess one of the most valuable things to me as a business owner - apart from good smart accounting - is the fact that Crest are proactive in their support of my business. Crest Accountants stay on top of things globally, nationally and locally in terms of what I need to be made aware of. I liaise mostly with Troy who genuinely takes an interest in the wellbeing of both myself, and the health and growth of my business. He tends to see ‘big picture’ and that has been invaluable to me over the years. This will be even more essential as we begin to navigate higher volatility levels resulting from increased global instability in the seasons to come.”

Matthew Williamson – Director – HT Concepts Pty Ltd T/as Nursery and Garden Supplies

"Troy and the Team at Crest Accountants always are a pleasure to deal with. My tax scenario was very complex however it was really relaxed and easy to chat it through. It feels so good to have it all back on track."

Nick Moore

"Since 1996, I’ve entrusted the firm and its staff with my personal and business-based financial affairs. Their expertise, guidance, and comprehensive ‘on-tap’ counsel have been invaluable to all aspects of my accounts and financial management, and both the partners and accountants have worked tirelessly to keep the many elements of my financial matters on track, and in my best interests."

Dr. Dimitri Kopanakis – Managing Director - String Central Pty Ltd

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Tax Returns