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What do you need to prepare for tax time this year?

Watch this 1-minute message from Managing Director and Accountant, Roy Sanderson, who shares what you need to prepare for tax time this year.

Minimise your tax. Maximise your wealth. Build your business

We specialise in preparing individual returns and business statements, which means that in most situations, we are able to prepare your return in front of you, ensuring all income is included and all allowable deductions are claimed. As Accounting and Business professionals, our team knows that how much tax you pay is determined by the choices you make 365 days a year. That’s why we offer a pre-tax analysis to identify areas of improvement while you still have time to act on the advice.

Online Tax Return

Once you submit your details via our Online Tax Return platform, your tax return will be completed by a qualified accountant, CPA or registered tax agent. You will be contacted by telephone or email to discuss the tax return and maximise your refund. Click below to GET STARTED.

 

CLICK HERE TO GET STARTED

 


Make Tax Time Count

How to make the most of your tax refund

 

 

Individual Tax Tips

 
My employer is encouraging or requiring me to work from home. Will I be able to claim a deduction for home office expenses? Can I claim working from home expenses when I’m on leave or if I’ve been stood down during the COVID-19 period? If I use the shortcut method to claim my expenses while I work from home, what records do I need to keep?
Can I claim for my rent or mortgage and will this affect capital gains tax if I sell my house? I claim my car-related expenses using the logbook method. Will I need to keep a new logbook for an updated representative period of private and business usage during COVID-19? I am a working parent with school-aged children who are learning from home
during the COVID-19 crisis. Will I be able to claim a deduction
for the costs associated with setting them up for learning?
Under the COVID-19 early release of super arrangements, can I make  more than one application in the same financial year as long as I don’t withdraw more than $10,000 in total in either the 2019-20 or 2020-21 financial years? I’ve had my hours cut back at work and I can’t afford
to pay the bills. What assistance is available to me?
Can I claim a deduction for gloves, face masks, sanitiser, anti-bacterial spray that I use at work due to COVID-19?
My tenants are not paying their full rent or have temporarily stopped paying rent because their income has been adversely affected by COVID-19. Can I still claim deductions on my rental property expenses? I’m considering reducing the rent for tenants whose income has been adversely affected by COVID-19 to enable them to stay in the property. The tenants are not in default of their rent. Will my deduction for rental property expenses be reduced because of this? If I receive a back payment of rent or an amount of insurance for lost rent, is this amount assessable income?
Can I access the new instant asset write-off for my property? I would like to stop paying for advertising on my short-term rental property during COVID-19 as I am not getting any queries for the property.
Can I still claim deductions associated with holding the property?
I am using my holiday home privately for myself and my family
so we can isolate during COVID-19. Can I continue to claim deductions
for the property for this period, as I am unable to rent the property commercially?

 

Business Tax Tips

Business tax tips – Superannuation

Business tax tips – Income Protection and Invoicing

Top Business Tips

Related Articles

ATO Rolls Out Stricter Measures against False Tax Deduction Claims
ATO Rolls Out Stricter Measures against False Tax Deduction Claims
Can I claim Fringe Benefits Tax (FBT)?
Can I claim Fringe Benefits Tax (FBT)?
How Do You Boost Your Tax Return
How Do You Boost Your Tax Return
Boost your Super with these End of Financial Year Strategies
Boost your Super with these End of Financial Year Strategies
EOFY Superannuation Tax Tips
EOFY Superannuation Tax Tips

FAQs

We know that there isn’t a one-size-fits-all solution to accounting, wealth management and business growth. So we’ve also outlined some tax-effective strategies that you may benefit from. We can help you find what strategies are right for you and/or your business.

Take the first step... towards a stress-free tax experience.

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