Personal Tax Preparation
Tax time can be an exciting time for many of our individual clients as it can often mean that you will be receiving money. The amount of your tax return will depend heavily on the quality of the accountant that you choose to help you lodge your tax return. By choosing our team at Kemptville Accounting Bookkeeping Tax Services you can be sure that you are being serviced by the most requested expert in the area that is trusted by so many of your neighbors tax returns.
Having an accurate reflection of your income is what your tax payments are required to be. We are able to assist our client with their income information to ensure its accuracy regardless of how many places you are receiving income. This can be a bit tricky to gather all this information, however, you should be provided by the places of employment that you are working as well as on your payslips received throughout the year. This will also outline your tax withholding figure that is being held. If you have numerous forms of income the tax withholding figure could be more or less than it is required to be, which is what our team will be able to establish for you.
The next step in preparing a tax lodgement for our private clients is to look at the expenditure they have had related to their work. Our team of experts are able to provide our clients with a list of items they are able to claim for based on the different industries of work they are currently engaged in. For some industries there are many expenses they are able to claim and for other industries there are not so many expenses they can claim. But our clients can rest assured that our team at Kemptville Accounting Bookkeeping Tax Services will find you every possible expense you can claim for your industry.
Tax Burdens and Benefits
In addition to providing you with valuable information on the items of expenditure you can claim to reduce your tax payment, we also look at a variety of other areas that may be applicable to you. There are often a range of tax breaks and benefits that apply to people dependent on their situation. This could mean that there are elements that come into play if you have any dependents, own property or have any foreign income. The detailed approach we take will ensure that this is all done correctly to ensure the accuracy of your tax return.
When all the above information has been collected, it is time to prepare your tax return for lodgement. We will be able to advice how much of the tax you have paid returned to you, or in rare cases the additional tax you are required to pay to meet your legal tax requirements based on your individual circumstances and income. Mostly these are returns that our clients are very happy with.