As tax laws change, new deductions come up, and there are new compliance requirements to adhere to. It all makes navigating personal taxes a little complicated. Whether you’re a business owner, industry professional, or individual with complex tax needs, having the right personal tax accountant in Sydney can make all the difference.
Let’s explore why hiring a professional tax accountant is a smart financial move and how we can assist you.
Why Choose a Personal Tax Accountant
There are many things to consider when filing a personal tax return in Australia. With changing tax laws, different deduction categories, and potential ATO scrutiny, it’s easy to make mistakes — or worse, miss out on deductions that could put money back in your pocket.
A personal tax accountant in Sydney can prepare your tax returns accurately and maximise deductions while keeping you compliant with the Australian Taxation Office (ATO). With a tax professional handling taxes for you, you can navigate the system with confidence — whether you’re a business owner, contractor, property investor, or salaried employee.
CPA vs. Individual Tax Accountant – What’s the Difference?
| Feature | Individual Tax Accountant | Certified Practising Accountant (CPA) |
| Focus | Tax returns, compliance, deductions, and lodgements | Advanced financial strategy, tax planning, and business advisory |
| Best for | Individuals, sole traders, small businesses | Business owners, complex investments, high-net-worth individuals |
| Qualifications | Registered tax agent with ATO-recognised credentials | CPA accreditation with additional education and training |
| Services provided | Personal and business tax returns, BAS lodgements, GST advice, ATO compliance | Tax structuring, financial planning, risk management, business strategy |
If you need straightforward tax return preparation and advice on deductions, a personal tax accountant is the best fit. But if you need long-term financial planning, business structuring, or advanced tax strategies, a CPA or our business accounting services may be a better choice.
Our Consultation Process
At Verus Accountant & Advisors, we aim to make tax preparation straightforward and stress-free, so we devised a structured consultation process.
| Step 1 Schedule Your Consultation Book an in-person or online consultation via our contact page. Choose a time that suits you — whether you’re in North Sydney or anywhere in Australia. | Step 2 Gather Your Documents Prepare documents like income statements, work-related expenses, investment details, and ATO correspondence. We can also send you a checklist before your appointment. | Step 3 Initial Document Review We review your financial details to identify deductions, tax credits, and compliance needs. If additional information is required, we’ll guide you through what’s missing. | Step 4 Consultation and Strategy Discussion Meet with your personal tax accountant (in person or via video call), and we’ll discuss your financial situation, potential deductions, and tax-saving strategies. |
| Step 5 Tax Return Preparation Your tax return is professionally prepared, and we cross-check your data to minimise errors and ATO audit risks. | Step 6 Review and Approval Before lodgement, we’ll provide a detailed summary of your tax return. You’ll be able to review, ask questions, and approve the final return. | Step 7 Tax Lodgement and Confirmation Once approved, we lodge your tax return directly with the ATO. You’ll receive a confirmation and estimated refund timeline. | Step 8 Post-lodgement Support If the ATO requires additional information, we handle all correspondence on your behalf. |
Need help with tax planning for next year? We provide ongoing support and financial advice and offer flexible consultation options to suit your needs:
Face-to-face Consultations (North Sydney Office) If you prefer a personal touch, visit our North Sydney office for an in-depth consultation. 973 Pacific Hwy, Pymble NSW 2073 Monday–Friday: 9am – 5pm Saturday: By appointment only | Virtual Consultations (Australia-wide) Can’t make it in person? No problem! We offer secure online consultations via video call. Our online services include: • Secure document sharing • Real-time tax calculations • Direct communication with your accountant |
Required Documents and Information Checklist
Income and Earnings
- PAYG Payment Summary (for salaried employees)
- Investment income statements (dividends, interest, rental income)
- Business income records (for sole traders or freelancers)
- Capital gains tax records (for asset sales like shares or property)
Work-related Deductions
- Vehicle and travel expenses (logbook, receipts for work-related travel)
- Home office expenses (internet, phone, office furniture)
- Work-related tools, uniforms, or professional memberships
- Self-education expenses (courses, books, seminars)
Other Financial Details
- Private health insurance statement
- Superannuation contributions (self-managed super funds or extra contributions)
- ATO correspondence (if applicable)
If you’re not sure what you need, our team will guide you through the required paperwork and help you identify missing documents.
