Tax
2025 Individual Tax Return Checklist
Our individual tax return checklist. will assist you in preparing your tax return & getting your maximum refund
Renting out your home
I am looking to rent out my home (main residence) and move into my holiday home
Questions:
-Can I negatively gear my home?
-What records do I need to keep?
Sale of Rental Investment Property
Here is a list of information required to work out the capital gain / loss on the sale of your investment property
... read more2024 Individual Tax Return Checklist
Our individual tax return checklist. will assist you in preparing your tax return & getting your maximum refund
June 2024
Topics Include
- 2024/2025 Federal Budget
- Tax Planning - 2024 Year End
- Tax Return Checklists
ATO PAYG tax instalments
Q1- My personal tax return has just been prepared and I am getting a tax refund of $2,000 but I also have an activity statement debt of $8,000. Why is that?
Q2- Why does the ATO want me to pay tax instalments?
Q3- Can I vary the ATO instalments?
... read moreExcel Cashbook - 2024 Tax Year
Recommended for Sole Traders ONLY who are
-Not registered for GST
-Not employing staff
Sole Trader - complete guide
- Asset Protection
- Income
- Expenses
- Tax
- GST
- Buying a business
- Selling a business
- Other
2023 Individual Tax Return Checklist
Our tax return checklist. will assist you in preparing your tax return & getting your maximum refund
Making Appointments
There are 3 appointment options:
Option 1 - Face to face appointment
Option 2 - Phone appointment
Option 3 - You can email your info / documents through – we’ll draft it and email you with our questions
Sole trader / contractor tax returns are more involved and many of them cannot be completed on the spot - for these tax returns you'll need to choose Option 3
If you have a Xero, MYOB, Quickbooks or other bookkeeping file you'll need to invite us into your file
We'll also need a bank statement @ 30 June so we can check the balance against your bookkeeping file
... read moreTax Return Process - Business Clients
Steps we follow to prepare your business tax return
... read moreJune 2023
Topics Include
- The 2023-24 Federal Budget Highlights for Individuals, Small & Medium Business, and Superannation
- 2023 Year End Tax Planning Guide
- 2023-2024 Tax Return Checklist
... read more
Sole Trader - What deductions can I claim?
Small Business Entities (SBE) can generally claim everything they spend on the business, except expenses which of a private or capital nature
... read moreSmall Business Technology Investment Boost and Small Business Skills and Training Boost (ends 30/06/2023)
Small Business Technology Investment Boost (ends 30/06/2023) and Small Business Skills and Training Boost (ends 30/06/2024)
... read moreAdditional tax on concessional contributions (Division 293) – for individuals
Division 293 tax is an additional tax on super contributions, which reduces the tax concession for individuals whose combined income and contributions are greater than the Division 293 threshold.
... read moreDecember 2022
- 4 Myths of Starting a Business
- Company Director ID Deadline Extended to 14 Dec
- ATO Identify 3 Primary Targets for Individual Taxpayers
- ATO is Watching the Cash Economy
- ATO Fines to Increase
- Expansion on Single Touch Payroll Phase 2
- Hello 2023 - is it Time for a Business Health Check?
Save tax by contributing extra $ into super
Did you know that you can save tax by contributing additional $ into super. Conditions Apply
... read moreHome-based Business Expenses
For the small business owner claiming deductions for the costs of using your home as your main place of buisness
... read moreRental Property Checklist
You'll need to provide the following information when you see your accountant
... read moreATO Tax Time Information - Home Office Expenses (D5)
-Running expenses
-Occupancy expenses
-Phone and internet
ATO Tax Time Information - Car Expenses (D1 & D2)
Choose from 2 methods
Method 1 = Logbook
Method 2 = Cents per kilometre
Tax Planning - Trusts
Tax planning is the process of estimating your current year's taxable income and tax payable and taking steps to minimise this.
It involves these 4 steps.
... read moreBuying a Car
IMPORTANT: If unsure as to whether your vehicle / dual cab ute is an exempt vehicle please contact us BEFORE purchasing it
... read moreATO Tax Time Information - Self-education Expenses (D4)
General expenses eg course fees and books
Depreciating assets eg laptop
Car expenses
ATO Tax Time Information - Clothing & Laundry Deductions (D3)
Occupation specific
Protective
Compulsory uniform
Non-compulsory uniform (registered with AusIndustry)
ATO Tax Time Information - Travel Expenses (D2)
Tolls
Parking
Motor vehicles (other than cars)
Local travel
Overseas travel
... read moreCar Expenses - which trips are claimable as work / business trips
Which trips are claimable as work / business trips?
... read more