AIMS Australia Tax AccountantsReviews 

Written by the company

AIMS Australia Tax Accountants is an award-winning CPA public practice and registered tax agent practice based in Melbourne, Australia. The practice assists Australian residents, expatriates, foreign residents, non-residents, overseas Australians, high-net-worth individuals and family groups with Australian tax return preparation, ATO lodgement compliance and complex personal tax matters. The practice is led by Managing Partner Nika Widanage, FCPA, an award-winning tax accounting professional and Fellow CPA with substantial experience in Australian taxation, cross-border tax matters, expatriate tax returns, foreign resident tax issues, non-resident tax returns, Australian rental property tax returns, CGT tax returns, overdue tax returns and ATO compliance matters. Nika Widanage is known for her work in complex cross-border Australian tax matters, particularly where clients have international residency issues, Australian and foreign income, Australian investment properties, CGT events, foreign resident tax considerations, multiple overdue tax returns or complex asset-holding structures. Her work commonly involves assisting high-net-worth individuals, internationally mobile families, expatriates, foreign residents, non-residents, overseas property owners and clients with more complex personal tax affairs. As a published tax and accounting commentator, Nika Widanage has contributed professional commentary and technical articles on Australian tax developments, cross-border tax issues, tax residency, foreign resident taxation, non-resident tax obligations, CGT, foreign income reporting and ATO compliance risks. Her commentary has appeared through professional accounting and tax industry platforms, including Accounting Times, Accountants Daily and similar publications. Her published work reflects a technical, practical and evidence-based approach to Australian tax matters affecting expatriates, foreign residents, high-net-worth individuals and internationally connected families. AIMS Australia Tax Accountants assists clients across Australia and overseas. The firm’s work commonly involves expat tax returns, foreign resident tax returns, non-resident tax returns, Australian rental property tax returns, foreign resident investment property tax returns, overdue tax returns, late tax return lodgement, multiple prior-year tax returns, CGT tax returns, foreign income tax reporting, tax residency reviews, ATO amendments, ATO objections and private binding ruling applications. The practice is particularly suited to clients whose Australian tax affairs are more complex than standard salary-and-wage tax returns. This includes globally mobile individuals, foreign residents, non-residents, overseas property owners, high-income earners, high-net-worth individuals, family groups, clients with complex investment structures, clients with foreign income, clients with Australian rental properties, clients with CGT events and clients with several years of overdue Australian tax returns. AIMS Australia Tax Accountants assists individuals and families who live overseas but may continue to have Australian tax obligations. This includes overseas Australians, foreign residents and non-residents who own investment properties in Australia, receive Australian rental income, have sold Australian property, have overdue or unlodged Australian tax returns, or need assistance reviewing their Australian tax residency position. The firm regularly assists with Australian rental property schedules, rental income reporting, allowable rental property deductions, loan interest, council rates, water rates, strata fees, repairs and maintenance, insurance, depreciation, capital works deductions and property manager annual statements. AIMS Australia Tax Accountants also assists foreign residents and non-residents with Australian investment property tax returns. This may include non-resident rental property tax returns, Australian rental property tax returns for overseas owners, foreign resident capital gains tax issues, foreign resident capital gains withholding, CGT reporting for Australian property sales and prior-year lodgement catch-up. Where an Australian property has been sold, the firm can assist with reviewing the relevant CGT reporting requirements, purchase and sale documents, settlement statements, ownership history, cost base information, capital improvements, depreciation and capital works history, main residence considerations where relevant, and whether any foreign resident capital gains withholding needs to be considered in the Australian tax return. AIMS Australia Tax Accountants also assists clients with multiple overdue Australian tax returns and late tax return lodgement. Many clients seek assistance after several years of overdue tax returns, particularly where they have moved overseas, become non-residents, retained an Australian rental property, received foreign income, sold assets or received ATO notices. The firm assists with reviewing the ATO lodgement position, identifying the relevant tax years, reviewing ATO prefill information, reconciling income, preparing prior-year Australian tax returns and addressing ATO lodgement compliance issues where appropriate. The firm’s services include expat tax returns Australia, overdue tax returns Australia, late tax return lodgement Australia, non-resident tax return Australia, foreign resident tax return Australia, foreign resident investment property tax returns, non-resident rental property tax returns, Australian property tax returns for overseas owners, CGT tax returns Australia, Australian property sale tax returns, foreign income tax reporting Australia, tax residency advice Australia, ATO tax return amendments, ATO objections and private binding ruling applications. AIMS Australia Tax Accountants assists clients with Australian and foreign income reporting, including Australian salary and wages, Australian rental income, Australian dividends and interest, trust distributions, Australian business or ABN income, foreign salary and wages, foreign dividends and interest, foreign rental income, foreign pension or retirement income, foreign capital gains, managed fund distributions, share disposals, ETF disposals and crypto tax reporting where records are available and the matter can be properly scoped. The firm has a structured approach to Australian tax return preparation and complex tax matters. The process usually begins with preliminary scoping to understand the client’s tax years, residency position, income sources, rental property details, CGT events, ATO notices, overdue lodgements, asset structures and available records. Once the matter has been scoped, the firm confirms the proposed engagement, information requirements, professional fees and next steps before work commences. AIMS Australia Tax Accountants also assists clients who need professional support with ATO correspondence, ATO tax return amendments, ATO objections, private binding ruling applications and prior-year corrections. This may include reviewing whether a previously lodged Australian tax return should be amended, whether omitted income or incorrect deductions need to be corrected, whether CGT has been reported correctly, or whether a tax residency or foreign income issue requires further review. The firm also assists clients who are unsure whether they are Australian residents or foreign residents for tax purposes. Australian tax residency can affect the treatment of foreign income, Australian rental income, CGT, foreign assets, overseas employment income, foreign pensions and Australian lodgement obligations. Where a client has moved to Australia, left Australia, lives overseas, or has spent time between countries, AIMS Australia Tax Accountants can assist with reviewing the relevant facts and advising on the next steps. AIMS Australia Tax Accountants works with clients in Australia-wide and overseas. Appointments should be booked in advance, and prospective clients are encouraged to submit an online enquiry before attending either office. This allows the firm to understand the nature of the matter, review the likely scope and advise on the appropriate next steps. The information in this listing is general in nature and does not constitute tax advice. Australian tax outcomes depend on each client’s specific facts, evidence and applicable Australian tax law. AIMS Australia Tax Accountants does not guarantee refunds, tax savings, penalty remission, ATO outcomes, amendment outcomes, objection outcomes, CGT outcomes or tax residency conclusions. Formal advice and tax return preparation only commence after scope, onboarding and engagement terms have been confirmed.See more