We prepare tax returns on time, every time for:
- Sole Traders
- Self-Managed Superannuation Funds
Comprehensive Interview and Checklist
The better we know you the more we can help! When preparing your tax return, its important that we sit down with you and discuss your taxation affairs in detail. If you are time poor, interstate or overseas, its easy over the phone too.
We keep you informed and remind you about your tax return lodgement dates.
Understanding Your Taxation Obligations
The Tax law changes all the time – thats why we engage a specialist tax education firm and all of our team attend three hours of training every month – just to keep up to date!
We make sure our clients are informed of the latest changes, identify and manage any issues, and in a way that makes sense to them.
How important is it to you to know your potential tax liability a year before its due to be paid? And how to minimise it?
Tax Planning is vital for any business, not only can we help you legitimately minimise your tax burden, but you will know well in advance the impact it can have on your cash flow. Make informed decisions about your business, with the peace of mind of knowing there are no surprises.
- Tax Deductions and minimising your tax burden;
- Planning and budgeting for your tax;
- Know your Substantiation rules;
- What can I claim?
- What cant I claim?
- Understand what your obligations are;
- Capital Gains Tax;
- Foreign Income;
- Tax, Tax, Tax!
Get it right the first time, and call Wallace Partners.
Did you know our tax system works on a self-assessment model?
Under the self-assessment system, your income tax return is generally accepted at face value without adjustment from the ATO. However, your return may be subject to further review or verification even after you receive your notice of assessment.
If a review shows any inaccuracies in income, deductions or entitlements, the ATO may amend your assessment within a prescribed period. This period is called the period of review and commences when the Commissioner gives you notice of your assessment. If the ATO finds errors or you are unable to substantiate your claims you incur substantial penalties and interest charges.