Individual tax returns

Preparation and lodgement for employees, investors, property owners and other individual taxpayers, tailored to your circumstances.

Related topics

• Australian tax residency and part-year residency
• Australian residents with overseas income
• Non-residents with Australian-sourced income
• Employment income, allowances and employment termination payments
• Government payments and other assessable payments
• Interest, dividends and managed fund distributions
• Franking credits and dividend income
• Sole trader or business income reported in an individual return
• Rental property income, expenses and ownership details
• Share, property and other capital gains
• Capital losses and carried-forward losses
• Cryptocurrency and digital asset transactions
• Work-related expenses and substantiation
• Motor vehicle, travel, home office, phone and internet expenses
• Self-education expenses and tools or equipment
• Donations and other deductible gifts
• Personal superannuation contributions and related tax offsets
• Spouse, dependant and other applicable tax offsets
• Medicare levy and Medicare levy surcharge
• Private health insurance information
• Foreign income tax offsets
• HELP, VSL and other study loan repayments
• PAYG withholding and tax instalments
• Tax return amendments and prior-year lodgements

Rental properties, capital gains, business income and other tax schedules may require additional work and affect the estimated fee.

Sole trader tax

Preparation and lodgement of your individual tax return and sole trader business schedules, using the records and income and expense summaries you provide.

Related topics

• Business income and assessable receipts
• Business expenses and deductible costs
• Separating business and private expenses
• Business records and supporting documents
• Cash and accrual reporting considerations
• Motor vehicle and travel expenses
• Home-based business expenses
• Phone, internet and other operating costs
• Tools, equipment and other business assets
• Depreciating assets and decline-in-value deductions
• Repairs, maintenance and capital improvements
• Trading stock and stock on hand
• Bad debts and unpaid business income
• Business-use percentage calculations
• Business losses and loss carry-forward rules
• Personal services income rules, where applicable
• Small business tax concessions, where eligible
• Small business CGT concessions, where eligible
• Capital gains or losses on business assets
• GST registration and GST reporting
• BAS preparation and lodgement
• PAYG instalments
• PAYG withholding, where the business has employees
• Superannuation obligations for employees, where applicable
• Tax return schedules and business income summaries

Bookkeeping, BAS/GST work, financial statements, reconciliations and substantial record reconstruction are not included in the starting service and will be charged separately if requested.

Company tax returns

Preparation of company tax returns and annual financial statements from the company records provided.

Company-related topics

• Company income, expenses and tax return reporting
• Company tax accounting and year-end adjustments
• Dividends and dividend statements
• Franking accounts, franking credits and franking deficits
• Imputation and franked distributions
• Company tax losses and loss recoupment considerations
• Capital gains and losses
• Depreciating assets and trading stock
• Private company loans, payments and Division 7A considerations
• Shareholder and associate transactions
• Company distributions and retained profits
• GST and PAYG reporting, where required
• Annual financial statements and tax reconciliation

The starting service applies where transactions are clearly recorded. Transaction volume and complexity may affect the work required.

Trust tax returns

Preparation of trust tax returns and annual financial statements from the trust records provided.

Trust-related topics

• Trust income and tax return reporting
• Trust distributions and beneficiary entitlements
• Beneficiary details and distribution statements
• Tax treatment of trust distributions
• Franked distributions received through a trust
• Capital gains and capital gains streaming considerations
• Trust losses and relevant loss rules
• Trustee resolutions and supporting records
• Trust expenses and tax treatment
• Trust financial statements and year-end reporting

Beneficiary details, distributions, transaction volume and complexity may affect the work required. The starting service assumes the records needed for the work are available.

Partnership tax returns

Preparation of partnership tax returns and annual financial statements from the partnership records provided.

Partnership-related topics

• Partnership income and deductible expenses
• Partnership profit or loss allocation
• Partner shares of income and expenses
• Partner drawings and capital contributions
• Partnership assets, liabilities and records
• Capital gains and losses on partnership assets
• Trading stock and depreciating assets
• Partnership financial statements and tax return reporting
• Each partner’s share of partnership income for their own tax return

Transaction volume, partner information and reporting requirements may affect the work required. The starting service assumes the records needed for the work are available.

BAS & GST

Preparation and timely lodgement of BAS, with practical support for GST reporting and activity statement requirements.

Related topics

• GST registration and GST reporting periods
• Taxable, GST-free and input-taxed sales
• GST collected on sales
• GST credits on eligible business purchases
• Purchases with no GST credit entitlement
• Correct tax invoices and supporting records
• GST adjustments, corrections and adjustment events
• GST on business assets and private-use portions
• GST treatment of business vehicles and expenses
• GST and property transactions, where relevant
• GST reporting on a cash or non-cash basis
• BAS labels and reconciliation of reported amounts
• PAYG withholding reported through the BAS
• PAYG instalments reported through the BAS
• Reviewing and correcting BAS information
• Record keeping for GST and activity statement reporting
• Lodgement due dates and payment obligations

SMSF annual compliance

Annual SMSF financial statements and tax return preparation, with coordination of the independent external audit.

Related topics

• SMSF annual financial statements
• SMSF annual tax return preparation
• Fund income and deductible expenses
• Member contributions and contribution reporting
• Concessional and non-concessional contributions
• Contributions tax and applicable contribution rules
• Investment income, including interest and dividends
• Franking credits and franked dividends
• Capital gains and losses on fund investments
• Tax treatment of pension and accumulation accounts
• Exempt current pension income, where applicable
• Fund tax offsets and tax credits
• Investment expenses and other fund deductions
• Fund assets, liabilities and year-end balances
• Related-party transactions and supporting records
• Preparation of information for the independent audit
• Coordination with the independent external auditor

Additional compliance documents or related work are charged separately if requested. The independent audit fee is separate.

Financial reporting

Preparation or review of clear and reliable financial statements and reports to help you understand your financial position and meet reporting needs.

Related topics

• Preparation or review of annual financial statements
• Profit and loss statements
• Balance sheets and financial position reports
• Income, expense, asset and liability summaries
• Year-end adjustments and reconciliations
• Depreciation and fixed asset reporting
• Business income and expense summaries
• Entity-specific reporting for companies, trusts and partnerships
• SMSF financial statements as part of annual compliance
• Supporting schedules for tax return preparation
• Reports to assist with business planning or external reporting needs
• Financial information prepared from the records provided

The topics included depend on the client’s circumstances, records available and the work agreed for the engagement.

Small business setup

One-off setup assistance for sole traders and small companies, tailored to the registrations and initial compliance information you need.

Support may involve

• Help with ABN, GST and PAYG registrations where applicable
• An initial checklist of record-keeping requirements
• An overview of relevant tax and BAS obligations
• Practical information to help you organise your business records

Company incorporation and ASIC fees are not included. Any additional requested work will be discussed separately.