What is the deadline for lodging a tax return if I live in Frankston, Australia?
The deadline for lodging a tax return in Frankston, Australia is October 31st. However, if you use a registered tax agent, you may be eligible for an extension.
What types of deductions can a Frankston accountant claim on my tax return?
We can claim deductions for your work-related expenses, self-education expenses, charitable donations, and investment expenses, among others. It's important to keep receipts and records to support your claims.
Can a Frankston accountant claim a tax deduction for my car?
You may be able to claim a tax deduction for your car if it is used for work-related purposes. You can claim a deduction for expenses such as fuel, insurance, and repairs. However, there are certain rules and limitations that apply.
What is the Medicare Levy?
The Medicare Levy is a tax that helps fund Australia's public health system. It is calculated as a percentage of your taxable income, and the rate varies depending on your income.
How do I know if I need to register for GST?
If your business in Frankston has a turnover of $75,000 or more per year, you are required to register for GST. However, there are some exceptions and special rules that apply to certain types of businesses.
Can a Frankston accountant claim a tax deduction for my super contributions?
Yes, you may be able to claim a tax deduction for your super contributions. However, there are certain rules and limitations that apply, such as age restrictions and contribution caps.
What should I do if I receive a tax audit or review notice from the ATO?
If you or your business in Frankston receives a tax audit or review notice, it's important to seek professional advice from a tax accountant or registered tax agent. We can help you prepare for the audit or review and ensure that you comply with all relevant tax laws and regulations.
