Complex tax affairs don’t have to mean complex headaches. If you’re tax return is complex we are here to help. We love working with individuals juggling multiple investments, rental property portfolios and trust distributions. Our approach is simple—and designed to keep you in control.
Due Dates
| DATE | Who this applies to |
|---|---|
| 31 October 2025 | Individuals with overdue or late-lodged 2024 returns + self-lodgers |
| 31 March 2026 | Tax return for individuals whose latest return resulted in a tax liability of $20,000 or more |
| 15 May 2026 | Tax returns for all remaining individuals |
These updates mean that precision matters more than ever. We’ll help you interpret the rules and
Why Early Preparation Pays Off
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- Minimize Risk of ATO Queries: The ATO’s data-matching is sharper than ever. Having every statement and diary in hand reduces the chance of follow-up requests.
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- Maximise Deductions: Accurate records means you never miss an eligible claim—whether for work-from-home, motor vehicle travel or investment expenses.
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- Streamlined Process: When your documents arrive complete, we can focus on strategy—finding every legal advantage—rather than chasing paperwork.
Your 3-Step Tax-Time Blueprint
1. Gather ALL of Your Document Up Front
Complex tax returns often involve multiple income and deductions. This means more paperwork or pdfs.
We have you covered with our secure Collaboration Portal
Before you book time with us, please assemble the following:
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- PAYG summaries, dividend statements, trust and managed-fund reports
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- Full-year Work-From-Home diary (download our template below)
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- Motor vehicle diary (for cents per km) or your 12 week logbook + all expense receipts
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- Loan statements and property management schedules for all investment properties
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- Invoices and receipts for any Work Related Expenses
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- SUPER – Intent to Claim Form – filed with your super fund – if you made voluntary extra contributions
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- INVESTMENTS – Buy and Sell information for the year – for Capital Gains calculations
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- Income protection insurance – paid by you not your superfund
2. Engage, Collate & Complete
Use our new Online Checklist allows you to do 3 things in one go
1. Sign our Engagement Letter – now required for all clients
2. Review and fill in our Checklist
3. Attach supporting documents
https://seamlss.app/link/2D78B12066E2484A
Use our checklist to ensure you have covered everything. Tick off each item, add notes where needed, then forward the package to us via secure upload. No gaps, no delays.
Upload your information to our secure portal. Ask us for your unique secure link to upload your documents and avoid using unsecure email to send sensitive information.
3. Choose Your Preparation Style
We begin lodging individual tax returns on Monday 28 July, after waiting for ATO and clients to gather their information so lock in your preferred method now:
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- Teams Video Call: BOOK NOW – (30 min): Over the phone or via video link.
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- In-Person Consultation: BOOK NOW – At our Sutherland office—ideal for in-depth discussions.
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- Full Document Submission: Send your files and let us handle the rest, then we can book a time to review your draft return together.
What’s New for 2025
| Area | Change |
|---|---|
| WFH Claims | Flat rate of 70¢/hour—diary required for entire year |
| Motor Vehicle | Standard rate of 88¢/km for work travel |
| Rental Loans | Transaction-level data-matching—full Loan statements needed |
| Trust Distributions | Separate schedules per trust—await EOFY reports to ensure accuracy |
These updates mean that precision matters more than ever. We’ll help you interpret the rules and apply them to your unique situation.
Why Choose Wood Accounting?
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- Boutique Expertise: We focus on highly complex individuals—no “one-size-fits-all” approach.
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- Proactive Strategy: Beyond compliance, we identify tax-planning opportunities you won’t see on your own.
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- Fixed-Fee Transparency: Know your costs up front, with no hidden surprises.
Ready for a tailored tax strategy?
Book a Complimentary Discovery Call or fill out our High-Net-Worth Lead Form and one of our specialists will be in touch within 24 hours.
More Than Individual Tax Returns
At Wood Accounting, we’re far more than your year-end tax preparer. From ongoing compliance to strategic advisory, our suite of services is designed to support every facet of your financial life—so you spend less time on paperwork and more time growing your wealth.
Our Comprehensive Service Offering
Service Category What’s Included Book Now SMSF Establishment, annual returns, audits, pension drawdown advice, ATO compliance Book SMSF Setup & Review Investment Property Services Valuations (CGT, stamp duty, retrospective), depreciation schedules, trust structuring advice Book Property Valuation Start a Business Entity structuring, cash-flow forecasting, budget planning, KPI dashboards, succession planning Book Business Strategy Session Business Accounting & Bookkeeping Daily transaction processing, BAS lodgment, payroll/STP setup, cloud integration (Xero, MYOB) Book Business Review Wealth & Estate Planning Self-managed super consulting, estate and succession planning, trust establishment and advice Book Wealth Planning Call Tax Planning – For Individuals Great for one off tax issues like complex Capital Gains, Trust distributions and deduction strategies Book Tax Planning
A Tip for 2025
Clients who come fully prepared not only enjoy faster turnaround—they often unlock additional deductions and credits. Treat your checklist like gold, and let us turn it into maximum after-tax wealth.
Questions? call us and talk to a real person on (02) 9548 2828. We’re here to make your tax time effortless.
Wood Accounting
Registered Tax Agents Specializing in High-Net-Worth Taxation