Posts Tagged ‘best tax agent adelaide’
Get More From Your Tax Return This Financial Year With A Professional Tax Agent!
Why a registered tax agent can improve your tax outcome Many taxpayers focus on getting their tax return lodged. However, lodging is only part of the process. The quality and accuracy of the information reported can significantly affect both outcomes and risk. This guide explains why working with a registered tax agent can add value…
Read MoreHow Much Tax Do I Need to Pay?
How to save tax in business using a company From the 2023–2024 financial year, most small businesses in Australia are taxed at a reduced rate of 25%, while larger companies pay 30%. Whereas individual takes rates are higher than this from each dollar over $45000 The above rates do not include the Medicare Levy…
Read MoreWhat to Bring for Your Individual Tax Return
So what do you need to bring for your tax return appointment? 1. A copy of your last tax return if you haven’t done a tax return with us before. We mean the last full tax return copy done by you or your previous accountant, rather than just a notice of assessment. This may be…
Read MoreClient Referral Incentives
We are looking for referrals from our clients and are looking for genuine referral partners We need your help. Can I show you how to refer to us and the incentives we offer? Yes, we pay you, for referrals. Our short video explains the client incentives we offer you to refer us to clients like…
Read MoreStage Three tax cuts
Tax cuts 2024 Tax Cuts are meant to be here from 1/7/2023 Just to refresh, here’s a simplified version of what the brackets are now: Earn up to $18,200 – pay no tax Earn $18,201 to $45,000 – pay a 19 per cent tax rate Earn $45,001 to $120,000 – pay a 32.5 per cent…
Read MoreUpdating Your home insurance
Updating Your Insurance for the New Year! 2016 is here and now is a good time to start updating your home and contents insurance policy. Don’t put this off because you think it will cost you money, it will cost you much more money in the long run if you don’t update your insurance cover,…
Read Moreis it ATO or Scammer? Look Out
Some of my clients have reported people ringing from supposedly the tax office and it can be a fraud as they request tax payments from you. Here is an excellent publication from the ATO on the various types of scammer out there. It might be worth seeing if any of these example seem similar to…
Read MoreLodging your late tax returns doesn’t have to be a drama
Hassle-free Late Tax Returns lodged No problem Tired of the stress of knowing your tax returns are way overdue… Have you been too afraid to take on your overdue tax returns? You are not the only one. We have many clients who have been in this situation. Are you worrying about all the ATO penalties…
Read MoreClaiming car expenses
What you can claim Did you know you may be able to claim the cost of your car when travelling when: You travel between two separate workplaces – like having two jobs or between two branches from your normal workplace to an alternative workplace (for example, a client’s premises) while still on duty, and…
Read MoreMost common mistakes for personal tax
Did you know what the most common mistakes on individual tax returns are Surprise surprise – it is omitting income. So if you are not yet aware the ATO can easily detect you omitting income such as payment summaries, interest, dividends, Centrelink payments and even capital gains all via your TFN being attached to records…
Read MoreWhat Can I Claim
No one should miss out on claiming their deductions Your tax agent can assist you claim deductions which stop you paying your marginal tax rate on the amount you spend on the deductions. It is always important to help your accountant do the best job for you by keeping your receipts and collaborating with them to…
Read MoreUse Companies to Minimise Your Tax
Did you know there has been recent reductions to the company tax rates. Making it an important time for businesses to make sure they are reviewing their trading entity to minimise business tax. Why using companies to reduce your tax makes sense When a business is increasing in profit, it may pay for a review…
Read MoreTax Returns Explained Simply
Watch this video to find out how it all works in your tax return refund or payable. See tax rates below Australia has a complex tax system. Our Australian tax returns for individuals with including all taxable incomes (like wages and salaries, business income, investment income) less deductions (like uniforms, business car costs, home…
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