Privacy Policy

How we protect your information.

Registered Tax Agent Brisbane

Sixth Sense Tax Privacy Policy

Sixth Sense Tax is committed to protecting your privacy and ensuring the confidentiality of your personal information.

We collect, store, and use your personal and financial information only for the purposes of providing tax, accounting, and related services. This may include preparing and lodging tax returns, communicating with the Australian Taxation Office (ATO), and providing you with relevant business or tax advice.

Your information will not be shared with third parties except where required by law, authorised by you, or necessary to complete services on your behalf. We take reasonable steps to ensure your information is accurate, secure, and protected against unauthorised access.

You have the right to request access to, or correction of, the personal information we hold about you. To do so, or if you have any questions about our privacy practices, please contact us at:

SIXTH SENSE TAX
[email protected]

FAQs

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What documents do I need to bring for my tax appointment?

You should bring the following:

Tax File Number
PAYG summaries
Any income statements
Receipts for deductions,
Details of any investments,
Your previous year’s tax return (if you are a new client)
Documentation for any rental properties or other income sources.

Do I need to file a tax return?

You are required to lodge a tax return in the following situations:

If you earn above the tax-free threshold (currently $18,200 for an Australian Resident Adult), you typically need to file a tax return.
Had $1 or more of foreign income
Part-Year Residents: If you were an Australian resident for part of the year and had income during that time.
Self-Employment: If you earn any income from self-employment or a business, regardless of the amount.
Capital Gains: If you’ve sold assets and made a capital gain, you need to report it.
Pay or receive child support.
Are leaving Australia
Have a study or training support loan.

There are other situations which may mandate a tax return. Contact us if you are unsure.

Do I need to file a tax return?

You are required to lodge a tax return in the following situations:

If you earn above the tax-free threshold (currently $18,200 for an Australian Resident Adult), you typically need to file a tax return.
Had $1 or more of foreign income
Part-Year Residents: If you were an Australian resident for part of the year and had income during that time.
Self-Employment: If you earn any income from self-employment or a business, regardless of the amount.
Capital Gains: If you’ve sold assets and made a capital gain, you need to report it.
pay or receive child support.
are leaving Australia
have a study or training support loan.

There are other situations which may mandate a tax return. Contact us if you are unsure.

What deductions and offsets can I claim?

Common deductions include work-related expenses, self-education costs, and charitable donations.

Examples of offset could include Zone Rebates, Senior and Pensioner Offset and Low Income Tax Offset. We can help identify which apply to you.

What’s the difference between a deduction and an offset?

A deduction reduces your taxable income, while an offset directly reduces the tax you owe. Offsets can significantly impact your final tax bill.

What if I can’t pay my tax bill in full?

If you can’t pay your tax bill, it’s essential to contact the Australian Taxation Office (ATO) as soon as possible. They may offer payment plans or other options to manage your debt. Contact us for further information.

How long does it take to process my tax return?

Generally, the ATO processes electronic tax returns within 2 weeks, while paper returns can take longer.

What happens if I get audited?

If you receive an audit notice from the ATO, stay calm. We can assist you in gathering the necessary documentation and representing you throughout the audit process to ensure your rights are protected.

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Can I amend my tax return if I made a mistake?

Yes, you can amend your tax return using the ATO’s online services or by submitting a paper form. However, there are time periods for lodging amendments so it is important to do this promptly to correct any errors and avoid potential penalties. Amendment can still be lodged outside of the timeframes set by the ATO. Contact us to discuss.

How can I prepare for next year’s taxes?

Keep organised records throughout the year, including income, expenses, and any significant financial changes. We recommend scheduling a tax planning session to discuss strategies for the upcoming tax year.

How long do appointments take?

Generally standard appointments run for 30 mins, however longer appointment times can be scheduled for complex matters or mulitple year returns.

Do you do appointments outside standard business hours?

Yes we do. We can schedule appointments for after business hours and on weekends. There is a small surcharge for this service.

How can I pay?

We accept Bank Transfer, Paypal or Cash. Services are to be paid prior to completion of the task.

Do you do Date of Death and After Death Tax Returns?

Yes absolutely. This is a specialty of Sixth Sense Tax. We have years of experience in dealing with varying degrees of complexity in Deceased Estates. Let us take on the burden of tax obligations while you grieve.

What qualifications do you have?

As the owner of Sixth Sense Tax, Candice is registered with Tax Practicitioners Board (Registration Number 26163817) and is a current member of the Tax Institute and Institute of Public Accountants.