Could You Be Owed a Bigger Refund?
Every year, countless businesses and individuals file their tax returns with full confidence – only to later discover that they missed legitimate deductions, misclassified expenses, or simply didn’t structure their finances in the most tax-efficient way. Whether you’re working with a seasoned accountant or lodging your return yourself, mistakes can happen.
That’s where a second opinion tax return comes in. Think of it as a financial health check – giving you clarity, peace of mind, and potentially more money back in your pocket.
What’s Involved in a Second Opinion Tax Return?
Unlike a general tax consultation, a second opinion involves a comprehensive review of previously lodged returns – usually from the last 1–2 financial years. It’s not just about finding errors. It’s about uncovering missed opportunities and ensuring you’re playing by the rules while maximising your refund.
This can be especially useful for:
- Business owners with multiple income streams
- Companies undergoing rapid growth or structural changes
- Investors with complex portfolios
- Anyone who suspects their last return was rushed or overlooked
What We’re Seeing on the Ground
As Gold Coast-based tax professionals working with clients nationwide, we’ve noticed a trend – many businesses are unknowingly overpaying taxes. In fact, it’s not uncommon to find tens of thousands in potential refunds through a detailed review.
Here are just a few of the things we often catch:
- Incorrect depreciation schedules on investment properties
- Overlooked superannuation top-ups
- Marketing and digital expenses not fully deducted
- Misclassified capital gains, especially post-business sales
Mini Case Study: A Missed Opportunity in Melbourne
One of our Melbourne clients – a boutique eCommerce store – believed they had maximised their return. However, after our team reviewed their previous lodgements, we discovered $35,000 in unclaimed software and advertising costs, plus a handful of incorrectly depreciated assets. The result? A full amendment with the ATO and a healthy refund in the bank.
Signs You Might Need a Second Opinion Tax Return
Still on the fence? You might benefit from a second opinion if:
- Your refund seemed unusually low or inconsistent with past years
- You’ve had major financial events (like selling a property or shares)
- Your return was rushed or handled with minimal communication
- You run a business but aren’t confident all expenses were captured
You’ve never amended a tax return before
Mini Case Study: A Trades Business in Regional QLD
A sole trader operating a construction business in Toowoomba reached out after noticing rising tax bills despite stable income. A second opinion tax return revealed vehicle and tool deductions hadn’t been fully claimed for two consecutive years. We lodged amendments and secured a $12,000 refund.
Frequently Asked Questions
Can I still work with my existing accountant?
Yes – our second opinion service is entirely independent. You can continue working with your current accountant, and we’re happy to collaborate if needed.
Is it too late to amend past returns?
In most cases, the ATO allows amendments up to two years from the original lodgement date. For some business structures, the window may be longer.
Will this trigger an ATO audit?
Not at all. Amendments are a standard part of the ATO’s process. We ensure everything is compliant and professionally documented to reduce any audit risk
What Happens After the Review?
Once we’ve completed your second opinion tax return review, we’ll walk you through our findings in plain language – highlighting any missed deductions, errors, or opportunities. If there’s money on the table, we’ll prepare and lodge the amendment with the ATO on your behalf. Most clients receive outcomes within a few weeks, and the process is fully remote, hassle-free, and transparent from start to finish.
Takeaway: It’s Not About Perfection – It’s About Potential
Even the best tax professionals can miss things. That’s why a second opinion tax return is one of the smartest, lowest-risk decisions you can make – especially with ATO compliance tightening in recent years.
Ready to see if there’s cash hiding in your last return?
Request Your Free Second Opinion Tax Return Review
There’s no obligation, no upfront cost – and potentially thousands to gain. Click below to book your free consultation with our Gold Coast accountants team. We’ll review your return, highlight any opportunities, and let you know if it’s worth pursuing.
