Frequently Asked Questions

If there are no problems, it normally takes two to three weeks to have your tax return back, although processing timeframes at the Australian Tax Office (ATO) can range from two to thirty days.

It’s thrilling to start a new firm, and choosing the appropriate structure requires careful consideration of a variety of aspects. Our business accountants can help you weigh the benefits and drawbacks of each structure to determine which is best for your company.

Speak with the ATO. Once you have established your identification, the ATO will be able to provide you your tax filing number.

The Australian fiscal year runs from July 1 to June 30. The tax filing season begins in July, and you have until the end of October to file your tax return declaration online using our services. If you want to work with a tax professional, you can file your taxes up to May of the following year if there are no outstanding obligations to the ATO.

Yes, you must file a tax return even if you have no income during the tax year; in these circumstances, the ATO provides a not necessary statement.

It depends; in Australia, you pay tax on investment income rather than investment amount. As a result, you must disclose in your taxes any dividends, share capital gains, or cryptocurrency transactions. Keep in mind that it is always important to maintain track of your purchases and sales (price and dates), since they might affect how your capital gain and tax are calculated.

The information on your payslip is just for illustrative reasons; superannuation is a contribution paid by your employer to your superfund of at least 11% of your gross income.

Your unique accounting and tax demands are taken into consideration in our price structure. We are aware of the uniqueness of your demands and think that your fees need to reflect this. We do not use a one-size-fits-all strategy because of this. Instead, we take the time to learn about your needs before making a detailed pricing recommendation. We are certain that you will feel at ease with the suggested charges.

There are several benefits to using small company bookkeeping services rather than using your own accounting software. Secondly, you run the risk of making bookkeeping mistakes that might really harm your company if you don’t fully comprehend the accounting software. Even if you are familiar with accounting software, utilizing it without assistance from a professional puts your company at danger.

Nowadays. There are many different accounting software packages available, and each one performs accounting tasks in a different way. Nevertheless, not all of them will work with your company. If your company currently utilizes a certain accounting system, we would be happy to share our technical expertise with it. But, if you don’t have one, we’re willing to offer alternatives and explain why the system is the finest and most appropriate for your company.