What to Bring for Your Individual Tax Return

So what do you need to bring for your individual tax return appointment? 1. A copy of your last tax return 2. Your tax file number 3. Payment summaries of employment government or super payments 4. A hospital cover tax statement 5. Bank interest and dividend amounts 6. Your bank details for your refund 7. Your…

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Are you late in lodging your tax return? Here’s some information you should know and the steps to take if you are in this situation. The Australian Taxation Office (ATO) may or may not initially detect you. Whether they do or don’t, we suggest you take urgent action to get your taxes back up to date…

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Revealed – Exploit using your strengths Many business owners know that some things work really well for their business. At our recent business networking event we discussed the topic of how to exploit your strengths in your business: Listen to what people say about you. Ask them how they found you? Why they came back?…

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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,…

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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…

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Lodging your late tax returns

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 worried about all the ATO penalties…

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  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…

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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…

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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…

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Tax season is coming, are you thinking of looking for a good tax agent to maximise your tax benefit? Here are some of the benefits to have a registered tax agent: Tax agents must register with the Tax Practitioners Board and follow strict regulations when processing tax returns. They are the only people allowed to…

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Here is what we need to know if you are an employee and booking in for your tax. Tax Accounting Adelaide Tax Deductions for employees pdf (click to download) Tax Accounting Adelaide Tax Deductions speadsheet version (click to download) Leave us some information here and we can book in for your tax

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Are you wanting an accountant on your side for tax minimisation and wealth creation? We are an individual tax return specialist wanting to guide you to an optimal refund now and in the future. Not only do we make it easy to get the best refund this year, we review your personal circumstance to guide…

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Watch this video to find out how it all works in your tax return refund or payable. See tax rates below A simple tax return is really not that simple. But let me dumb it down so if you have never really understood it, you soon will. You start with Incomes (like wages and salaries)…

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Romeo Caporaso Tax Agent of Tax Accounting Adelaide We make sure your tax return does not look the same the rest of your life and the numbers grow into where you want to be. Call us Now on 0883374460 Do not wait if you have tax returns to lodge, we may be able to convert…

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