Hire EY professionals to prepare your taxes from the comfort of your home. Get virtual, one-on-one tax guidance and on-demand preparation from a tax professional. Fees start at $99.
How EY TaxChat works
Why EY TaxChat?
The EY TaxChat difference
|EY TaxChat||ATO MyGov||Traditional Accountant|
|Unlimited access to leading EY Tax professionals on your tax questions||✓||-||-|
|Easy to understand 'non tax' language||✓||-||-|
|Dedicated professionals who prepare and lodge for you||✓||-||✓|
|Secure online portal: no appointments needed||✓||✓||-|
|Starting at $99 – much less expensive than a traditional tax preparation service||✓||na||-|
|Spouse return can be completed from the same registration making it easier and quicker to record shared income and expenses||✓||-||✓|
|Potential deferral to lodge and pay later than 31 October||✓||-||✓|
Is your tax return complicated? Rest assured, EY can help with your complex questions. Lodge your return with confidence.
Self-Employed & Contractors
Find peace of mind for your tax situation. We have the answers you need.
If you receive income from investments, EY professionals will ensure you correctly capture and report the income. This not only includes income you have earned from Australian investments, but overseas investments held by you.
Let EY tax professionals give you peace of mind during tax time and ensure:
- All relevant credits, such as franking credits and foreign income tax offsets, are claimed; and
- Tax deferred amounts are applied to the appropriate tax year
Whether you are selling shares, an investment property or valuable artwork, you are required to report the capital gain(s) or loss(es) you make on each sale in your tax return.
EY tax professionals will assist you with calculating the capital gain or loss from the sale of each of your assets, ensuring all costs associated with holding, maintaining and selling the asset are captured.
EY tax professionals will consider and claim all available tax concessions appropriate for your circumstances, including:
- Application of capital losses
- General capital gains tax discount
- Small business capital gains tax concessions
If you are self-employed, working as an independent contractor or freelancer, you are required to complete specific disclosures on the tax return form.
EY tax professionals will ensure you correctly complete your tax return and review your income and expenses to ensure you claim your fair share of tax deductible amounts in your tax return, for example:
- Capital allowances, such as the instant asset write off and depreciation on equipment
- Allowable trading expenses e.g. travel and subsistence, advertising, indemnity insurance
EY professionals will also determine whether any losses can be offset against other income earned by you.
EY tax professionals prepare tax returns for landlords who receive income from property rented in Australia or overseas, including:
- Residential property
- Commercial property
- Short-term accommodation, for example Airbnb
TaxChat provides a convenient platform for you to easily upload rental information. We’ll guide you on how best to claim your deductions, including capital allowance and depreciation. If you own the property with your spouse and we are preparing their return, you only need to provide the details to us once.
Let EY’s team of professionals advise you on what expenses you’re able to claim as tax deductions this year. Our team can ask you the right questions to understand what you can claim, as well as identifying expenses you may have overlooked.
Due to COVID-19, expenses of working from home are on the rise and our team is ready to help guide you through the options for your work from home claims and help you choose the best outcome for your circumstances.
If you have worked overseas during the year or have other foreign income, your dedicated EY professional will assist you to ensure you are fully compliant, reporting the correct amounts at the correct exchange rates.
Foreign tax credits, offsets and double taxation agreements can be a headache – but you can simply chat and upload your documents leaving the rest to EY to give you peace of mind that your return is correct.
If you receive income from shared investments with your spouse, you can input the data once and EY professionals can prepare tax returns for both yourself and your spouse in the one registration. This will allow you to allocate shared income and expenses relating to:
- Interest and dividends
- Rental properties
- Managed investments
- Donation deductions
If you have a dependent that has a family trust distribution and noncomplex tax matters, EY Professionals can prepare their tax returns in the same registration, simplifying your tax work. Both spouse and dependents can also complete their tax returns under their own registration.
If you have other related entities that need accounts and tax returns prepared, EY professionals will work with you to accurately record and prepare the required information. These include:
- Self Managed Super Funds
(Sole Trader entities are included in the TaxChat registration)