Tag: Tax Return

With the advent of the internet and cloud-based solutions, many in the financial services and accounting industries suggest that the distance between them and the client is irrelevant. While this is true to some degree, you may ask yourself, what are the benefits of working with a tax accountant near me? Benefits of Working With…

Tax planning takes advantage of lawful and strategic ways to minimise tax liabilities this financial year and in future years. While it may minimise taxes in any given financial year, tax planning works best when used as part of a long-term financial strategy. This post will outline some tax planning considerations for businesses and individuals…

Due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. While there is a temporary shortcut method that the ATO has introduced, of 80c per hour of working from home time, we recommend you track all…

It’s safe to say that most taxpayers enjoy a tax deduction, and the best tax deduction of all is paying concessional contributions into superannuation – this not only saves tax but it also helps to contribute to wealth in retirement. There are two simple ways of achieving a bigger deduction than usual relating to contribution:…

There has never been a more important time to plan and minimise tax. Tax Planning has a bit of mystique around it. But what does it really mean? Tax Planning is the concept of understanding your current tax position, how much tax would be owing at the end of the financial year if we do…

Depending on your income, the legislation passed by the Government in July will give Australian taxpayers an extra $255 to $1,080. So what does this mean for you? If you earned: Some examples A person earning: • $35,000 gets $255 back• $45,000 gets $855 back• $55,000 gets $1,080 back• $80,000 also gets $1,080 back• $100,000…

The question many people ask is should I go it alone….or should I hire a professional accountant to do it for me?  Most people who don’t work in the profession have a limited knowledge of tax, so whilst you will pay an accountant a small fee for doing your return, the return of your tax…