Start with this simple checklist:
It will guide you through the information and documents needed, including:
- income you need to declare
- relevant deductions you can claim, and
- information we need to efficiently process your return.
If you are unsure of what you need to include or claim, please contact a Modoras tax specialist on 1300 888 803.
Prepare your 3 financial goals.
Experience tells us that you are much more likely to achieve your long-term financial goals when you align your tax plan to them. Whether they be:
- owning your home sooner
- managing, protecting and growing your wealth, and/or
- retiring sooner with more
Success will not come to you; you must go to it! Click the button below to submit your goals now.
Then, submit your information.
Once you have gathered all the needed information, pass it on to us. You can submit your tax return documents:
In-person
You can book an appointment here .
Online
For your convenience, You can submit your tax return information directly online by using our tax form.
Via email
Submit your return documents directly to us by emailing your accountant directly or accounting@modoras.com.
Top Tax Tips
The end of the financial year is approaching, so we asked a range of Modoras experts to share their top tips and tricks for individuals and businesses in the lead up to June 30. Make sure to come back as we update this section regularly.
Melbourne Director and Executive Planner, Ian Fox, talks about you can best prepare this tax season.
Melbourne Director and Executive Planner, Ian Fox, talks about you can best prepare this tax season.
Modoras Executive Planner Katerina Sousalis shares her top tax tips for individuals.
Modoras Executive Planner Katerina Sousalis shares her top tax tips for individuals.
Watch Accounting Manager, Natasha Guarino as she reveals her top business tip for tax time.
Watch Accounting Manager, Natasha Guarino as she reveals her top business tip for tax time.
Are there any other tax tips I should be considering?
Are there any other tax tips I should be considering?
Individual Tax Tips
It is that time of year again! Modoras Professionals are here to help maximise individual tax returns. With the combination of videos and frequently asked questions below, these tax tips are designed to help you not pay a cent more than you need to. Be sure to take a look at the tax checklist for individuals and talk to your Modoras Professional about your 3 financial goals. After all, achieving more is possible... when you know how.
Deductions, Income and Work-related Expenses
Claiming car-related expenses using the logbook method during COVID-19
Claiming car-related expenses using the logbook method during COVID-19
Can I claim a deduction for gloves, face masks, sanitiser, anti-bacterial spray that I use at work due to COVID-19?
Can I claim a deduction for gloves, face masks, sanitiser, anti-bacterial spray that I use at work due to COVID-19?
Can I claim for my rent or mortgage and will this affect capital gains tax if I sell my house?
Can I claim for my rent or mortgage and will this affect capital gains tax if I sell my house?
I am using my holiday home privately for myself and my family so we can isolate during COVID-19. Can I continue to claim deductions for the property for this period, as I am unable to rent the property commercially?
I am using my holiday home privately for myself and my family so we can isolate during COVID-19. Can I continue to claim deductions for the property for this period, as I am unable to rent the property commercially?
Business Tax Tips
A businesses tax position at tax time is a result of the decisions made 365 days a year. In saying that, there are a number of strategies for businesses to optimise the outcome. Take a look at the tax tips below and come armed with your 3 personal and business goals this tax time. After all... achieving more is possible... when you have insight on your side.
Frequently Asked Questions
This End of Financial Year may feel different to previous ones. We’ve put together End of Financial Year FAQs to help you maximise tax time benefits. We know that there isn’t a one-size-fits-all solution to accounting, wealth management and business growth. So we’ve also outlined some tax-effective strategies that you may benefit from. We can help you find what strategies are right for you and/or your business.
FAQs
More Financial Intelligence
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We provide valuable insights on anything from personal finance to accounting and business advice.
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IMPORTANT INFORMATION: The information on this page was prepared on Monday 15 June 2020. The accounting information on this page has been prepared by Modoras Accounting (QLD) Pty Ltd ABN 81 601 145 215, Modoras Accounting (SYD) Pty Ltd ABN 18 622 475 521 and Modoras Accounting (VIC) Pty. Ltd. ACN 145 368 850. The financial planning information on this page has been prepared by Modoras Pty. Ltd. ABN 86 068 034 908 an Australian Financial Services and Credit Licences (No. 233209), located at Level 3, 50-56 Sanders St, Upper Mt Gravatt Q 4122. The information and opinions contained on this page are general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals personal circumstances have been taken into consideration for the preparation of this material. Any individual making a decision to act on an accounting or wealth strategy, should make their own assessment taking into account their own particular circumstances. The information and opinions herein do not constitute any recommendation to implement and particular strategy. Modoras Pty. Ltd., Modoras Accounting (QLD) Pty. Ltd., Modoras Accounting (SYD) Pty. Ltd. and Modoras Accounting (VIC) Pty Ltd recommends that no financial product or service be acquired or disposed of and no financial or accounting strategy adopted without first obtaining professional personal advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained on this page can change without notice. Modoras Pty. Ltd., Modoras Accounting (QLD) Pty. Ltd., Modoras Accounting (SYD) Pty. Ltd. and Modoras Accounting (VIC) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within. Modoras Pty. Ltd., Modoras Accounting (QLD) Pty. Ltd., Modoras Accounting (SYD) Pty. Ltd. and Modoras Accounting (VIC) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication.