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Own a rental property in Australia?

Own a rental property in Australia? Check out the ATO’s latest rental properties guide to help you get your tax return right! Click the link below to go straight to the ATO’s latest guide.

If you’re time poor and would prefer to outsource your tax return preparation and lodgement while ensuring you don’t make a mistake about your claimable deductions, talk to us.

Our degree-qualified accountants will provide you with the right advice that suits your specific circumstances.

Click here for the guide: ATO-Rental-properties-Guide-2018 For more info talk to us or go to ATO: https://www.ato.gov.au/Individuals/Tax-return/2018/In-detail/Publications/Rental-properties-2018/

Yes! We are still accepting new clients – but be quick! Appointments filling fast. Phone 3245 1466 now!

Now at 2/76 Old Cleveland Road, Capalaba

TBC’s degree-qualified Accountants are assisting clients with tax planning right now at our fresh new premises at 2/76 Old Cleveland Road, Capalaba.

We offer specialist knowledge, reliable advice, fast turnaround and exceptional customer service!

Yes! We are still accepting new clients. Call now 3245 1466.

Free parking out front. We’re easily accessible and hard to miss with our familiar yellow, blue and white logo on the windows.

To book, click here

To enquire, click here

To find us, click here

4 days to Tax Time! What deductions can I claim?

4 days to Tax Time! What deductions can I claim, I hear you ask? Do you know the deductions specific to your industry or occupation?

Below is a link to quick reference guides that are occupation and industry specific to help you claim what you’re entitled to.  Take the time to read them. This is something you do need to get right. The ATO is cracking down on work-related deductions this year.  So, if you’re time poor and tax returns are a headache that you prefer to outsource, call us. Yes! We’re still taking new clients. Be quick! Call (07) 3245 1466 now.

https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Deductions-for-specific-industries-and-occupations/

 

End of Financial Year is Fast Approaching – Act Now

The end of financial year is fast approaching.

30 June falls on a Saturday this year and we traditionally experience a high influx of calls and emails in the last week of the financial year. To ensure our service best meets your needs, we recommend you contact us now for any support or assistance you require –

P 3245 1466

E info@tbctax.com.au

Or book online

With grateful thanks from the TBC Team.

If your customers pay electronically you need to read this

If you are a small business and your customers pay you electronically you need to read this.

Did you know new legislation means most electronic payments made from the start of this financial year (1 July 2017) onwards will be reported to the ATO automatically.

The ATO says these include:

  • credit and debit cards
  • BPAY®
  • payments made through a third party payment processor
  • other types of electronic payments

The ATO says the first reports will include:

  • payments processed in the 2017–18 financial year
  • total monthly electronic payments processed by your financial institution or payment facilitator.

What does this mean for you?

It means electronic payments that your business receives from your customers will be reported to the ATO.

The ATO will use this data to match against their records. It will also be used to pre-fill tax returns to make it quicker and easier to lodge in the future.

For more information talk to us or go to https://www.ato.gov.au/Newsroom/smallbusiness/General/Do-your-customers-pay-electronically-/?sbnews20180619

2018 ATO Crackdown – Get Tax Planning Advice Now

ATO Crackdown! It may be easy to do your tax return online but if you aren’t aware of major 2018 tax changes it may be challenging especially for tradies, sole traders, individuals with rental investment properties and small businesses – For example, do you know about:

  • new developments affecting travel allowance expense deductions for individual tax returns?
  • major restrictions on claims for residential rental properties?
  • the ATO’s NEW landmark ruling for claiming travel deductions?
  • ATO targeting properties rented through Airbnb and similar sites?

Major changes affect virtually all business clients including:

  • retrospective changes to the small business CGT concessions
  • new ruling confirming the tax impact for family trusts allowing non-family members to use trust assets
  • new ATO reporting requirements for SMSFs paying pensions in 2018
  • the introduction of single touch payroll from 1 July 2018

Don’t risk making a mistake with your 2018 tax return. Plan for tax time. TBC is a CPA Practice. Our degree qualified Accountants are up to date and you can rely on our professional knowledge and over 20+ years of experience to interpret how tax law relates to your circumstances.

Call now for a Tax Planning Appointment 07 3245 1466.

Growing Pains? Tap our Network of Knowledgeable Specialists beyond tax, accounting and SMSF

Gateway to Growth

We are a gateway to specialist knowledge for our valued clients. We provide warm introductions to specialists who know how to help our clients in areas beyond tax, accounting and superannuation – for example grant writing, business coaching, virtual personal assistants, digital marketers, SEO specialists, lawyers, investment property managers, crypto-currency experts and more. If you or your business or incorporated association is facing an obstacle to growth, talk to us about this. Where we are able to help we will. If the knowledge you need falls beyond our expertise where we are able to provide warm introductions to knowledgeable specialists, we’ll do that to help you grow. We’re here to help.

To make an appointment or make an inquiry simply call 3245 1466  or  email info@tbctax.com.au  or  click here.

 

Free Checklist for Your Business 2018 Tax Return – We’ve Got You Covered

Yes it’s almost tax time but don’t get overwhelmed – CPA Australia has issued a business tax return checklist for sole traders, companies, trusts and partnerships and we’ve packaged it here for you to download easily!

My_Business_2018_Tax_Return_Checklist

Questions? Just call or email or book an appointment online.