Taxation Services

Taxation – Individuals

Individual earning salary income must work on their deductions in order to reduced their overall tax liability. The deductions are the amount which are legally allowed by the Australian Tax Laws to reduce your overall taxable income.

We are also analysing investment made in cypto and shares from taxation point of view.

A higher earner must possess Private medical insurance in order to save tax by avoiding application of Medicare Levy Surcharge.

Business Taxation

A complete set of source documents are required to prepare business tax return in compliance with Australian Tax Laws. The requirement of GST registration at appropriate level of Sale must be obtained timely.

We strongly recommend a proper installation of Bookkeeping Software which can manage your business transactions systematically.

Business invoices

Maintain all your business invoices systematically. It will help us to prepare your tax return systematically.

Spouse income

While collecting information for doing your tax return, You have to extract information about your spouse taxable income.

Logbook

Where you are using your motor vehicle for performance of employment duties e.g visiting clients and suppliers, Inspection on Site. It is advisable to maintain a proper logbook for three months.

Self Education

Where you have undertaken a course which is connected to your profession and may increase your income or position in organisation, A deduction based on the cost of course can be claimed. You can also claim books, laptops etc which are required to undertake your course.

Clothing Cleaning

A deduction is allowable for cleaning your compulsory company clothing with company logo provided on it.

Rental Property

Rental property income is separately shown in your tax return. You must maintained in detail the income earned and expenses incurred for managing your rental property income.