tax deductions for rental property investors
Being a property owner can have multiple benefits. Not only is it a great long-term investment to have, but it is also a way of
01/09/2016
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Save time. Save tax. Lodge your
Online Tax Return
We've been making tax easy for Australians since 2009.
Your Online Tax Return Has Never Been Easier
This short explainer video takes your through our 5-step process and how to lodge your online tax return with us.
Welcome Note
Watch a short intro to Personal Tax Specialists from our senior Partner, Jag Olak.
Karen Lai2023-11-05My daughter recommended Jagdeep for tax accounting as she and her husband are very pleased with the service. This is my first year with Personal Tax Specialists and am already very impressed with the thoroughness and detailed work. Well done, guys.
Tyler Butterworth2023-10-14Terrible communication, very rude and unprofessional.
Karlie Vanderpluym2022-12-06I had previously completed my own tax returns but as they became more complex sought to find a tax agent who could explain things and complete them for me. Jag explained things in a straightforward manner, was prompt at replying to my questions and provided peace of mind with the process. Highly recommend!
Will Treffry2022-11-21I enlisted Jag’s help for a sole trader statement and a large number of tax returns. The expert advice I received helped me to get on top of it all at a very reasonable cost and I am eternally grateful for the outstanding service. I will be recommending Jag to anyone who needs a skilled accountant for their business or personal tax matters. 5 stars.
Kyle Macmillan2022-10-21The team at Personal Tax Specialists are experts in what they do, their process is easy and takes alot of the headaches out of tax. Highly recommend.
amrit hayer2021-09-08If you are looking for a seamless, fast turnaround and value for your money and investments, don’t look any further. Jag and his team will have me as a continued customer for a very long time. So glad I found this business.
Narelle Clark2021-09-08I would definitely recommend Jag, he has always been happy to help with our accounting issues day or night and he looks for ways to improve processes wherever possible - the biggest plus for me is that he has a very quick response time, it makes all the difference when you need answers fast. An all round top bloke … 5 stars from us!
Leonie Smith2021-08-30Couldn't be easier. Jag certainly knows his business and is highly professional & efficient. Highly recommended.
William Ma Chong2021-08-27The Service is so professional on a personal level, gets to know the clients like they are his own family, very resourceful and honest in his professional manner. This is our second year with this awesome firm, and very happy with the level of service and dedication to our needs. We would recommend this awesome experience to everyone.
Personal Tax Specialists
Online Tax Agent Services
Online Tax Specialists
Skip the costly face-to-face meetings and back-and-forth paper volleys. Lodging your tax online means that your annual return is quick and convenient. One of your most-loathed annual admin tasks is swiftly offloaded. With our online tax specialists ready to analyze your submission, help you claim all of your available deductions, and correct any errors, you will get the most out of your return from wherever you are. Our trusted tax agents put time and money back in your pocket. Plus, we save a few trees while doing it!
Why Choose us
Reasons to Lodge Online
Each member of our Tax Preparation Team is highly experienced and is a personal tax accountant. We’ve prepared hundreds of tax returns for individuals and businesses, including those with more complex issues such as investment properties, dividends, capital gains tax, and negative gearing or GST.
It’s easy
You can complete and submit your entire individual tax return online, right here on this site, from the comfort of your home. At the same time you can upload any supporting documents, making the entire process easy, from start to finish.
It’s thorough
With us, you know your return has been done properly and accurately. Our 5 step process is thorough and ensures that you legally claim all your applicable tax deductions, while fulfilling all the requirements from the Australian Tax Office (ATO).
It's secure
All your data is stored securely in Australia and managed securely as we communicate with you and submit it to the ATO. All our tax agents are based in Australia too meaning that none of your financial data goes offshore, which a lot of accountants do these days.
100% Online Process
Submit Your Online Return Now
The Personal Tax Specialists team has developed a 5-step process that we use for every single online income tax return.
The process is simple and easy for anyone to follow. No complicated tax jargon or faulty apps. It just works.
Tap an icon to view the process.
Step 1:
We make sure we have your personal details right
If you are a new Personal Tax Specialists client, simply complete our New-Client-Form which asks for the basic information we need to welcome and register you as a client. Once you return this form to us we will let the Tax Office know that you have become one of our clients.
If you are already one of our clients, we will email you our Quick Update Form at tax time each year. This form lists your details as we have them on our system. You just need to let us know if anything has changed.
Step 2:
We prepare your Personalised Tax Checklist
We prepare your Personalised Tax Checklist.
Next, we contact the Tax Office to find out what information they already have about your income for this year. This may include PAYG payment summaries (supplied by your employer) and details of any interest or other investment income you received for the year.
We use this information and our knowledge of the deductions allowed for your specific occupation, to prepare your Personalised Tax Checklist. Your checklist will only ask questions that are relevant to you and may even prompt you to claim things you hadn’t thought of before. Use the checklist to record all of your income and expenses for the year and email it back to us.
If you have any questions at this point, you just need to write them on your checklist and one of our Tax Preparation Team members will contact you.
Step 3:
We prepare your Tax Return electronically
We prepare your Tax Return electronically.
Once we have received all of the information we need from you, our Tax Preparation Team will prepare your tax return using our electronic Tax Agent software.
Every tax return prepared by our Tax Preparation Team then undergoes our quality assurance review process to ensure that it is correct.
Step 3 will take a maximum of five working days to complete (provided we have all of the information we need from you).
Step 4:
We email your Tax Return to you for signing
We email your Tax Return to you for signing
Next your tax return is saved as a PDF document (with password protection) and emailed to you to be checked and signed. You just need to print out the pages that need to be signed (we will let you know which ones they are) and then either email or snail-mail those pages back to us. At the same time we will email you our invoice for the preparation and lodgment of your return. You will need to pay us, either by making a direct deposit into our bank account, or by providing us with your Visa or MasterCard details, before we lodge your return. Alternatively, if you prefer, we can deduct our fees from your tax refund once it arrives from the Tax Office, so you don’t have to worry about it (but an additional charge of $27.50 applies for this “fee from refund” option). On the day we receive your signed tax return, provided your account with us has been paid, we will lodge your tax return electronically with the Tax Office.
Step 5:
Your refund is paid into your bank account
Your refund is paid into your bank account.
Because we use the electronic lodgement system, the Tax Office will usually process your return and issue your assessment within two weeks. If you elect to have your refund paid straight into your bank account (which we suggest), you will often see it even earlier than that. If at any point throughout the 5-step process you find that you need help with anything at all, we are just an email, text, or phone call away.
Tax Services
Who is this for?
Personal Tax Specialists is for any Australian looking for a quick, online and expert solution to their annual tax return. We can help you when:
- Your current accountant doesn’t get back to you
- Your taxes are a few years behind
- You don’t know what records you need
- You don’t know what deductions to claim
- You have crypto or property investments
- You couldn’t be bothered to see an accountant
- You enjoy the convenience of doing things online
Friendly Support Team
Ask An Online Tax Specialist
Tax requirements and allowable deductions can be confusing, especially on things where rules are changing, such as work from home expenses and crypto. The ATO keeps a close eye on claims and will check your workings if they have any suspicions.
Should you need a little more attention, our online tax specialists are available to help you. Feel free to ask us any of your personal or small business tax questions.
By following this process, we ensure that your online tax return is completed accurately and results in the best possible refund, with the least effort on your part.
By following this process, we ensure that your return is completed accurately and results in the best possible refund, with the least effort on your part.
Testimonials
Online Tax Accountants
I would definitely recommend Jag, he has always been happy to help with our accounting issues day or night and he looks for ways to improve processes wherever possible - the biggest plus for me is that he has a very quick response time, it makes all the difference when you need answers fast.
An all round top bloke … 5 stars from us!
Narelle Clark
From the very beginning, I felt at ease and knew exactly what to do for Jag to complete my tax return. He went above and beyond and even suggested a couple of things that helped me go from owing to receiving! I couldn’t recommend himself and his team enough!
Tess Fostin
The Service is so professional on a personal level, gets to know the clients like they are his own family, very resourceful and honest in his professional manner. This is our second year with this awesome firm, and very happy with the level of service and dedication to our needs. We would recommend this awesome experience to everyone.
William Ma Chong
Online Tax Return FAQs
Get some answers to our most asked questions
Our online tax specialists have put together answers to some of the most common tax questions we get asked. Take a look.
How much does an online tax return submission cost?
Our rates are fixed with no hidden surprises after submission and we provide you with the best online personal tax advice. You help us save trees, we help you save fees! Read about our exact pricing here.
How long will my online tax return preparation take?
Once you go through our 5-step process and submit your documents to us, we’re able to complete your return within a few hours, send it back to you for final approval. We then submit it to the ATO and it should be processed within 14 days.
Do you handle tax on Crypto currencies?
Whether it is Bitcoin or Ethereum, we can assist with all your crypto tax needs.
What deductions can I claim?
Tax deductions are industry dependent. We have a complete list of deductions for each profession. Find yours here.
Working from home? Download our free WFH tax cheat sheet. Check if you’re eligible to claim WFH deductions, what you can claim and how.
Tax Information For Professionals
Tax Deduction Resources
tax deductions for police officers
If you work as a police officer, some of the police tax deductions you may be able to claim on your personal tax return are:
01/09/2016
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tax deductions for nurses and health professionals
Nurses, midwives, and direct carers (nurses aides) make sure your return is correct. Check our guide below for the tax deductions you are allowed to
01/09/2016
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tax deductions for investors
If you own shares or managed trust investments, some of the tax deductions that you may be able to claim are listed below. The cost
01/09/2016
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tax deductions for HR professionals
If you work as a HR professional (or HR manager), some of the tax deductions you may be able to claim on your personal tax
01/09/2016
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tax deductions for building industry employees
Building industry workers, make sure your return is correct, you have the right records, and are claiming all the deductions for building industry employees. If
31/08/2016
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