Usually the deadline would be March/April/May of the following year. For example, the deadline for 15/16 returns would be March/April/May 2017. However , please contact our office as lodgement dates may vary for individuals and entities dependent on their specific circumstances.
Our fees are inclusive of GST
For a basic Salary & Wage return our fees are: Individual – ($165 – $220 ) Double/Couple – $396.00
Other fees charged vary depending on your personal circumstances, complexity of investments and business structure. If you would prefer a fixed price fee please contact us for a quote on 08 93791155 if you would like further information.
From the 1st July 2012 we no longer offer fee deduct from refunds, however we can discuss a payment plan. The Australian Taxation Office now requires bank account details as direct credit transfer of your Tax Refund will be utilised rather than issuing of cheques.
For Individual Income Tax Returns you are required to keep your records for 5 years from the date of lodgement. We therefore suggest you maintain your records for 6 years in total. Companies should keep records for 7 years.
When you lodge a tax return, the ATO process it and work out whether you have paid the right amount of tax. The notice of assessment will state your taxable income, show how much tax you have paid during the year, and show whether you owe the Tax Office money, have paid enough tax, or are due for a refund. Notice of Assessments advising of a refund will be posted or emailed to you upon request only. Payable notices are sent out to you to assist with payment of your Income Tax liability.
No. Family Tax Benefits are now administered by the Family Assistance Office (FAO). Once you receive your Notice of Assessment the Australian Taxation Office will send your information to the FAO who will reconcile your entitlements to your recorded Taxable Income, and adjust your FAO entitlement if necessary.
Yes, by using cents/km method up to a maximum of 5000km. We would always recommend that you do keep a log book for 12 weeks and retain all of your receipts for your vehicle running costs to ensure that the maximum deduction that you are entitled to is achieved
Maximum salary, for requirement of an Employer Superannuation to be paid2011/2012 – $175,280 per annum
2012/2013 – $183,000 per annum
2013/2014 – $192,160 per annum
2014/2015 – $197,720 per annum
2015/2016 – $203,240 per annum
From 1 July 2013, there will no longer be an age limit on employees for whom employers have SG obligations
Percentage increase to minimum contribution The minimum SG contribution will increase from 9% to 12% phasing in from 1 July 2013. The minimum contributions required to comply with the SG law will be:
Year commencing Minimum SG contribution1 July 2014 9.5%
1 July 2015 9.5%
1 July 2016 9.5%
1 July 2017 9.5%
From 1 July 2012, businesses in the building and construction industry need to report the payments they make to contractors for building and construction services each year. The report covers payments made in the previous financial year and must be lodged with the ATO by 21 July of each year. The information reported about payments made to contractors is used as part of the ATO’s data matching activities to detect contractors who have not lodged income tax returns or Business Activity Statements, or who have not included all of their income in the returns that have been lodged. It is also used to assist the ATO in their review of GST input tax credit claims made by the entities that lodge the reports. Please click here for further information to assist you to determine whether you are required to lodge a Taxable Payments Annual Report this year and, if so, what information needs to be included in the report. For further assistance, please contact our office.