Yes, of course!
We offer a variety of services customised to your needs at competitive rates.
Electronic tax returns are usually processed by the ATO within two weeks. We expect that most refunds will be out within 10 working days after the lodgement of your tax return, but some people will wait a bit longer for the ATO to get it done.
Records are written evidence of your income or expenses and can be in either paper or electronic form. Throughout the income year, you will receive documents that are important for your tax purposes. You need to keep records for five years (in most cases) from the date you lodge your tax return. Records may include income statements, payment summaries, and receipts.
There is often confusion about which expenses can be claimed for both business and personal use. For example, if you purchase a lawnmower for your landscaping business but also use it to mow your own lawn, you should apportion the cost based on how often you use it for each purpose.
For any tool costing less than $300, you can claim the full amount on this year’s tax return. For tools over $300, the cost must be claimed progressively over their useful life. This is known as depreciation, ensuring that your claim reflects the actual value of the tool.
Accelerated depreciation rules apply to sole traders and businesses with an annual income below $5 billion. In these cases, any equipment costing less than $150,000 can be fully written off in the year it was purchased. This provides a great incentive for businesses to update their equipment before 30 June each year.
You can claim the cost of any tools or equipment purchased for work purposes, including power tools, computers, printers, safety gear, sunglasses, office equipment, and any other items that assist with your income-generating activities.
We recommend using the ATO app. You do not need to create an account and you can record all of you work expenses, travel deductions, donations, study and more through the app.
Yes, We offer services over phone or video calls. We can definitely help you and your financial needs remotely.
Yes, we are located in Earlwood & Kingsgrove.
We can also visit you at your place or local coffee shop if you find it difficult to come visit us.
Or we can meet via Microsoft Teams or Zoom.
Engaging a tax agent in Australia provides expert knowledge of tax laws, ensuring compliance and minimising errors. We can identify eligible deductions, potentially saving you money while managing time-consuming paperwork and reducing stress.
With personalised advice tailored to your financial situation, a tax agent can represent you in audits or disputes with the ATO and offer ongoing support for future tax planning. Overall, using a tax agent simplifies your tax experience and optimises your financial outcomes.
Don’t forget you also get a longer extension to do your tax return. Instead of your due date being the 31st October, your new lodgement date will be pushed to 15 May of the following year.
Yes, you can. You can claim our fees on your next tax return.
You can also claim the travel cost involved to attend our office too.
We offer discounted prices to Working Holiday Visas and Student Visas.
We also have very completive prices for all types of services.
If you find another place that does it cheaper; let us know and we can see if your service qualifies for a price match.
If you are an Australian resident for tax purposes and hold a temporary visa, you are only required to declare your Australian-source income in your tax return.
If you are an Australian resident for tax purposes and are a permanent resident or Australian citizen, you must declare your worldwide income in your tax return.
Yes, of course!
We offer a variety of services customised to your needs at competitive rates.
We also can teach you how to do your own tax return if you prefer to not use a tax agent next financial year!
ABNs, or Australian Business Numbers, are issued to businesses and self-employed individuals operating in Australia. An ABN is required on invoices for any work performed, provision of services or sale of products.
A Tax File Number (TFN) is essential for anyone working in Australia. This number is provided to your employer when you start a job, allowing them to deduct tax from your income under the Pay As You Go (PAYG) system. Generally, employees don’t have to worry about end-of-year tax payments, as their employers withhold tax from your pay. You still need to lodge a tax return.
In contrast, when you operate under an ABN, tax isn’t deducted at the source. Instead, you receive full payment for your products or services, meaning you should set aside a portion of your income to cover your tax obligations at the end of the financial year.
Confusion often arises when individuals hold two jobs in one year—one under a TFN and another under an ABN—or when they have a full-time TFN job alongside a small business generating ABN income. We can guide you more in detail how they both play a part in your tax return and your earnings.
