How Can We Help?
With frequent changes to legislation and regulations, it’s important that you are well aware of what is happening. This is to ensure that when it comes to your tax return, you are getting the right tax deductions which will help to minimise your tax payment.
We work with you in a collaborative way to accurately and proactively find tax solutions, manage your tax risks and plan your finances. From knowing what you can claim, how to prepare your taxes and the receipts you need to have, we aim to make your income tax return hassle-free to ensure you get back your fair share of tax.
How to Prepare for Your Tax Return
When it comes to preparing your tax return, make sure you don’t leave it all to the last minute. However, don’t panic if you have – we will work with you to ensure your taxes are done correctly. It’s important to keep receipts as you go and make a note of certain expenditures and deductions. A useful tool is to download the ‘myDeductions‘ app by the ATO, making it easier and more convenient to keep your income and expense records all in one place to access when tax time comes.
Common Tax Return Errors
The ATO are very responsive when it comes to declaring the wrong information on your tax return. To avoid getting a call from the ATO, here are some errors for you to avoid.
At Scott Partners we don’t just offer personal tax advice, our other advisory accounting services include:
Aged care planning
Capital gains tax
Capital gains tax (CGT)
Wealth protection and insurance
Contact us today and one of our expert accounting specialists can help you.
THE CLIENT’S PROBLEM: Karyn felt like she was ‘just another client’ and wasn’t valued or supported by her previous accountant.
THE SCOTT PARTNERS SOLUTION: Time was taken to understand Karyn’s business and to explain how her business structure impacted the tax issues she was facing. Karyn now has a Trust and two companies, as well as a robust financial plan for the future. Scott Partners introduced Karyn to Xero and supported her in learning to use it effectively. She is delighted to spend much less time on bookkeeping and admin!
“Two months into our accounting relationship and everything is running great. After understanding my business during our first meeting, Don sent me a fee proposal for the rest of the financial year. This included everything so I knew exactly what I was in for, which was great for budgeting. There are lots of smart accountants out there, but it is great to work with a qualified accountant who also cares!”