Did you know that since July 1 all business owners must report payroll and superannuation obligations to the Australian Taxation Office electronically using single touch payroll software?
If help is needed to meet the requirements of the new legislation, Tax Concepts in Melton has a team with all the skills needed to guide clients through the process – and, in fact, anything to do with tax can be quickly, professionally and efficiently dealt with.
Tax Concepts director Rob Maslak says he and the team understand how it can sometimes be hard to carve out time to come into their office for face-to-face consultations.
“This is why we offer our services via Skype or over the phone,” Rob explains. “Paperwork can easily be submitted via email – the whole tax return can be completed this way, eliminating any need for visits.
“Of course, anyone can still make a regular appointment. This can work better for some people, particularly if there are complexities to discuss. We have four expert accountants here and they’re all good listeners … and even better practitioners.”
What is the tax man focusing on this year?
“Work-related claims, such as car expenses and drycleaning, will be closely looked at again,” Rob says.
“And investment property deductions, earnings from cryptocurrencies and the sharing economy will also be scrutinised.”
Perhaps best known for its focus on PAYG and small business tax services, Tax Concepts is also widely acknowledged for its significant expertise in property investment advice.
“Our existing clients understand that we have a niche in that area,” Rob says. “They tend to use us at tax time and also to manage the tax implications and complications that can come with property investment.
“A lot of people just rush out and buy a second or third property without doing a lot of research first. Research is imperative – and we help.”
To meet demand during the tax-time rush, the office has extended hours from July 1 – 9am-9pm Monday-Thursday, 9am-6pm Friday and 9am-noon on weekends.