Need help with your tax return?

For those who are attempting to lodge their own 2018 tax returns this year, your due date to lodge tax return is 31 October 2018, this is only a week away!!!

Frustrated about having to lodge it in a week?

Unsure what information you should include in your tax return, or where to include them?

Want to know more about how to maximise your tax deduction and save on tax?

Too busy to be lodging a tax return when you’d rather be spending time on something you’d enjoy – like picnic with family?

We are here to help.

If you engage us to be your tax agent by 31 October 2018, you may be entitled to have additional time to lodge your 2018 income tax return (of up to May 2019).

We promise we will be gentle, and the process won’t hurt 🙂

Come and have a chat with us, or email us to start the conversation.

How to make your end-of-year financial statements preparation a breeze

Now that we are in August (time flies!) and well into the 2019 financial year, many of you are probably busy preparing your file to send to us for review. Year-end reviews can sometimes be a daunting experience as you never know what the result will be, or what more documents you need to bring in to us… So is there anything you can do to make both of our lives easier? Definitely!

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Maximize your tax deduction – Businesses

In this article we explore how businesses that have turnover less than $10 million can maximise their deductions to save on tax for 2018 year and other issues they need to be aware of – deadlines, things to do etc in the coming few weeks. We will touch on employee superannuation payments, $20,000 asset write off etc

This article will apply to businesses running as sole traders, companies, trusts and partnerships.

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Maximize your tax deduction – Individuals

As 30 June is fast approaching, this is the best time to review your situation to see if you are able to maximize your income tax deduction to get back more tax refund (or reduce your tax liability) when lodging your 2018 tax return!

This article will focus on what individuals can do to legally maximize their tax deduction to minimize income tax liability. We will look into some work-related expenses, donations, tax agent fees, personal super contributions and income protection insurance in this article.

There will be a separate article for business owners so keep an eye on our website!

Note that we are only providing general advice on what items you may be able to claim as your tax deduction, the actual tax deductibility for certain items depend on your personal circumstances. If you would like assistance for your situation please contact us.

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2017 tax return lodgement

If not now, then when?

For clients who have not lodged their 2017 tax returns – please get in touch with us as soon as possible to commence preparation of your tax return before it is too late. The general tax return due date is mid May 2018 – individual due dates may vary – we suggest clients contact us for your exact due dates.

Please be aware that late lodgements may attract fines and penalties from the ATO, so avoidance is not a wise move.