Here to Help With Your Business Financial & Tax Needs

Why should you use a trusted tax agent at Etax plus for your 2017 tax return ? We have the most dependable tax accountants in Sydney and Parramatta. With in-depth experience, we understand the complicated tax rules. We will get it right so you can enjoy flawless tax and accounting services for a competitive price.

It's no surprise that 74% of Australians use a tax service. The rules for income tax reporting can be complicated, such as rules involving your investment income, employment income, foreign income, money from the sharing economy, and much more. Naturally, the records you must show to the ATO must be detailed. The rules involving the tax deductions you can claim can be complicated too, so it pays to use trusted tax accountants when preparing your return.

 

Use Etax Plus; We Look Out For You

When you use a tax professional, he or she works in your best interest to help you get as much money back from the ATO as possible. You can be sure the agents of the ATO are there only to get as much money from you as possible, not to help you get money back. As the number one tax firm in Sydney, we know what we are doing and understand the complicated rules and regulations you have to follow when filing your taxes.

 

Not All Tax Agents Are Alike

Not every tax agent is the same. If you go to some traditional tax companies, you may end up having your tax return prepared by a data entry worker or clerk, rather than a tax professional. How can you be sure it's done correctly? Will such a person be responsible after lodgements? At Etax Plus , we will use two qualified tax accountants to check your return.

You can receive live help for your taxes on your mobile phone, or online on your computer from qualified, trained accountants. You can finish in just minutes! You will have the ability to upload documents and receipts, check messages from Etax Plus, update any details that need to be changed, check the progress of your refund, and do a return for any year besides this year dating back to 2001.

 

The Rules Concerning the Income You Must Declare Are Detailed

 

According to the government, the rules concerning the income you must claim can be complicated. We understand them. You must declare:

  • Employment income

  • Income received from Uber, or other money from the sharing economy

  • Foreign income

  • Trust income, as well as money from partnerships and other business money

  • Annuities, super pensions, and government payments

  • Investment income including dividends, rent and capital gains tax, and interest

  • Income from crowdfunding. This could include donations for any venture you hope will lead to a profit.

  • Other income, including discounted shares under employee share schemes, insurance, and compensation payments, money from awards and prizes. We will know what should be declared and what doesn't need to be.

Needless to say, the records you will need when filing your return must also be detailed. Some of the documents you need include:  

  • Payment summaries

  • Buy and sell investment statements

  • Bank statements

  • Records from your rental property

  • Foreign income

  • Interest or Dividends Statements

  • Private health insurance policy statement

 

What the Government Says You Can and Can't Deduct

 

If you aren't sure what you can and can't claim as a deduction, we can help. Ask us. Here are some of the expenses you may be able to claim:

  • Home office expenses

  • Vehicle and travel expenses

  • Gifts and donations

  • Self-education expenses

  • Tools, equipment and other equipment

  • Clothing, laundry and dry-cleaning expenses

  • Interest, dividend and other income investments

Some of the expenses you may not deduct:

  • Travel between home and work

  • Private travel

  • Everyday clothes

  • Self-education expenses

  • Meal expenses

  • Car expenses

  • Tools and equipment that cost more than $300

You need written evidence to document your claims if your total claim for work-related expenses is more than $300.

Whenever you obtain a new capital asset, such as a managed fund investment, shares, or an investment property, immediately save all records. You might need to pay a capital gains tax in the future if you sell that asset. If you keep records, you can ensure you don't pay more than is necessary.

 

No Deduction Is Too Small to Claim

Do you think some of the money you spent is too small to claim? That is not true. Suppose you gave a $10, $15, or $30 deduction to charity, or purchased a notebook for $10 or $15. How often have you had such expenses?  If such costs often happened during the year, you may be surprised to find they add up to hundreds of dollars.

If you paid a goods and services tax (GST), this is part of your total expense and a part of any deduction you may claim. This would include union fees and a GST on them.

Make sure you keep every receipt, enter the record in a journal, or both. The ATO requires you to maintain records for five or more years.

 

What Other Areas Can Etax Plus Assist You With?

Etax Plus offers a variety of other financial areas they are ready and willing to help you with. Their professional staff will walk you through the process step by step, and ensure you get everything you're looking for.

 

Accountancy

Our professional staff is prepared to help you with any accountancy needs your business may require. Each of our teams is partner-led. This is a key to providing high-quality service to each of our clients. We will deliver the finished product as agreed and on time. We offer a broad range of accounting services including:

  • Limited Companies

  • Limited Liabilities

  • Partnerships

  • Pension Schemes

  • Sole Traders

  • Trusts

 

Accounts Management and Bookkeeping

You know how important your books are in any business. Let the professionals at Etax Plus handle your bookkeeping and accounts management. Not only will this ensure accuracy, but it will also give you the peace of mind you need knowing it will be done correctly. The more accurate and up-to-date your information is, the better financial decisions you can make. We offer monthly or quarterly accounts management services. We can adapt to suit a client's needs as well.

 

Business Start Up

 

Etax Plus provides assistance with business start ups. If you're just starting your own business, you know how taxing this can be. Let Etax Plus help you remove some of the stress from the process. Our advisors will guide you through the process of:

  • Financial Modeling

  • Fund Raising

  • Legal Structure

  • Preparing your Business Plans

  • Registering Your Business

  • Tax Planning and more!

 

Business and Corporate Taxation

 

We strive to help our clients stay within compliance of any new tax regulations that may come out. We monitor them tirelessly, so our customers won't have to worry about being caught unaware. We will look at your taxes together and work to minimise your overall tax expenses. We offer a broad range of areas of expertise including:

  • Capital Allowances

  • Employee Benefits and Incentives

  • Integrated Business and Personal Tax Planning Strategies

  • Prepare Corporation and Partnership Tax Returns

  • Research Tax Credits and More

 

Corporate Finances

 

At Etax Plus, we offer the best advice on how to maximise your profits and grow your company. Our staff will take the time to listen to your concerns or plans and help you come up with a viable plan to keep your business finances healthy. We excel in areas such as:

  • Acquisitions and Mergers

  • Due Diligence

  • Financial Modeling

  • Fund Raising

  • Financial Modeling

  • Strategic Business Modeling and More!

 

Financial Forecasting and Business Planning

 

It is not uncommon for many businesses to be seasonal and make the majority of their profits at one time during the year. This makes it a challenge to grow your business or hire new staff. At Etax Plus, we will help you with financial forecasting to outline when the most profitable time of year is, as well as when it is an excellent time to grow your business. This will allow you to plan ahead and grow your business accordingly.

 

Contact the Trusted Professionals at Etax Plus

We are the number one tax firm in Sydney because we know what we are doing. The majority of Australians use the services of a trusted tax agent, like Etax Plus, every year for online tax returns and business financial needs. Contact us for more information.