What 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…

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Contractor or an Employee?

  The criteria ATO consider whether you are an employee or contractor are:         Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust Tax and BAS returns; Self Managed Super Funds; Bookkeeping and Choosing Accounting Software; New business Startups Advise; Specialising in personal training…

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Get Your Finances Back On Track With A Qualified Accountant!

  A qualified accountant, such as one from Tax Accounting Adelaide can help you get your finances back on track. If you’ve ever struggled with keeping up to date with your income and expenses, been swamped with a messy pile of receipts and invoices that only gets sorted at tax time each year, Tax Accounting…

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Take the Stress Out Of Tax Returns With Tax Accounting Adelaide!

  Do you want to reduce the stress and increase the return in your Tax Return? Read on to find out how you can benefit from choosing Tax Accounting Adelaide as your tax agent.    A face to face service with tax agent Tax Accounting Adelaide is most likely to prompt and uncover the most…

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Why you need an accountant

Why you need an accountant Why do I need an accountant? You may be asking. Perhaps you have never used one and do your own or have not seen fully what they can do to be worth more than their investment cost. Here are some reasons why a professional tax agent may be able to…

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What is new for tax 2019

Changes to tax returns 2019 So what is new for tax returns 2019? Well it isn’t the most huge changing year in terms of individual tax returns. Some tax rates changes have occurred including a lower Help (hecs)repayment threshold, lower income tax rates. You can now have a higher excess of $750 for singles and…

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New rules for property investors 2018

With the uncertainty spotlight on the Australian federal government budget o reduce the ability of rental property owners to claim tax deductions for rental ownership expenses, we outline some of the changes the government is introducing to reduce this powerful tool for tax minimisation and wealth creation. The abolition of claiming a travel expense to…

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Getting word of mouth referrals

How to get word of mouth and referrals Here are some little tweaks to boost your referrals from word of mouth. Be clear to people that you are taking on new clients When asked how you are doing in your business, say you are busy but you can always do with new clients Make it…

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Updating 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,…

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is 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…

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Lodging your late tax returns doesn’t have to be a drama

Lodging your late tax returns

Hassle-free Late Tax Returns lodged with 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…

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Claiming 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…

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Most 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…

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What 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…

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Why You Should Only Use a Registered Tax Agent

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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