A new client came to our firm after not lodging his tax returns for the previous 12 years. He couldn’t find all the necessary paperwork relating to each year, particularly the older years. We were able to retrieve some of these records from previous employers and other sources. We could then complete these overdue returns. Initially the ATO charged the …
A local family had been at our practice for a few years. Over this time they had paid a significant amount off their first investment property and were ready to buy their second rental property. These clients had decided where to buy, but were unsure which bank would be best for them, or how to structure their loans. They were …
A new couple came to our practice soon after moving to Hedland. When preparing their tax returns we realised they had not claimed all the available deductions relating to their rental property in their previous year’s tax returns. We were able to contact the ATO explaining that previous year’s tax returns had omitted certain rental property expenses, and that the …
After being with our firm for a few years, one client mentioned that they wanted regular feedback on how their business was travelling, and the annual financial reports didn’t make a lot of sense to them. We decided to meet with the client quarterly and discuss how the businesses was travelling. We also added graphs and other visual representations of …
A new business client came to us after blinking and realising they were 8 years behind in lodging their annual tax returns. This is not unusual in Hedland, particularly given the hours many business owners find themselves working. We were able to recover their financial records for past years, and get the client up to date with the ATO. Equally …
A new business client came to us after becoming fed up with the large tax bills they were getting each year. It turns out this client was trading in trust structure. Although this structure suited their business when they first began trading, the business had experienced considerable growth over the years, and a trust was no longer the most appropriate …
A new client came to us because of their hefty monthly payroll tax bills. Their payroll tax bills were quite large due in part to the number of employees the business employed, and the high wages being paid to the employees. However, on review of their previous payroll tax calculations, we uncovered that some employees’ wages were exempt from payroll …