South West Tax Accountants in Bunbury, Western Australia | Financial service

South West Tax Accountants

Locality: Bunbury, Western Australia

Phone: +61 8 9791 2677

Address: U 2/82 Blair Street 6230 Bunbury, WA, Australia

Website: http://www.swta.com.au

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23.01.2022 Have you done your tax return yet? If you live in Bunbury, Western Australia We would love to help you. Pop in and have a chat with one of our friendly staff today or call (08) 9791 2677 for an appointment.

23.01.2022 Our office will be closed on Friday 29th June 2018 for a staff professional development day. We will re-open on Monday 2nd of July 2018.

21.01.2022 ? ! Regardless if your rental is rented through a Real Estate Agent or privately, your holiday home that you rent out through Airbnb is expected to be claimed when you lodge your tax return.... What needs to be recorded? We are glad you asked! All income Maintenance costs Fees, such as: real estate agent fees and Airbnb fees Cleaning Fees for your airbnb ... and more! And what if you spend some time in your rental or airbnb? for any period of time that the property is used for private use this not tax deductible. Come chat to us today to ensure you are claiming the correct deductions and submitting the correct information in your tax return. 08 9721 3088

21.01.2022 Topic: Deductibility of Expenses Interest on Funds borrowed to purchase a rental property is normally deductible. A Taxpayer may claim a deduction for interest on money borrowed to purchase items for a rental property, such as furniture and to pay expenses associated with repairing, maintaining or upgrading a property In appropriate circumstances, negative gearing can provide tax benefits.... A deduction cannot be claimed if the repairs are of a capital nature - repairs that make the property or asset functionally superior to its previous condition or where the damage was present at the time the property was purchased Remember, everyone's circumstances are different and many factors contribute to what you may or may not be entitled to. Always seek advice. Call us to discuss further on 9791 2677

21.01.2022 Check this awesome tax tip! We would love to help you with your tax questions! Call us today to book an appointment on (08) 9791 2677 or book online through our website www.swta.com.

21.01.2022 Topic: Selling and Acquiring of a Rental Property Fees such as Travel Expenses and Agent's Fees incurred to purchase a rental property are not normally deductible. Interest on funds borrowed to purchase a rental property is normally deductible. From 1 July 2019, a deduction is not available for interest incurred during the construction of a rental property. The construction of a rental property may be treated differently if the land is pre-capital gains tax.... A Capital Gains Tax discount of up to 10% may apply for individuals who invest in i affordable housing from 1 January 2018. If you resided in your rental property for a period of time as your 'main residence' you may be entitled to a partial Capital Gains Tax exemption. Remember, everyone's circumstances are different and many factors contribute to what you may or may not be entitled to. Always seek advice. Call us to discuss further on 9791 2677

20.01.2022 Some good tips here!

20.01.2022 Contact us today 9791 2677 or visit our website www.swta.com.au

19.01.2022 Check out this awesome tax tip! We would love to help you with your tax questions! Call us today to book an appointment on (08) 9791 2677 or check out our website www.swta.com.au.

19.01.2022 The team were able to let our hair down today and enjoy a beautiful day at the races for the Melbourne Cup!

18.01.2022 By working out your break even sale price and comparing it to the current market value you can see if you have increased your wealth.

17.01.2022 How great is our South West coastline!

14.01.2022 : Having clear and accurate records are important to not only assist you and your Accountants during tax time, it is also crucial to have this information if the ATO needs to audit your information. Records for Car and Travel Expenses... Cents per kilometre method - records showing calculation of business kilometres travelled and the amount of the claim Logbook method - odometer readings for the start and end of the period being claimed. Financial year period: 1 July - 30 June. - Business Usage percentage based on the log book. - Receipts for fuel and oil expenses - Receipts for other expenses related to the car: registration, insurance, services, tyres, lease payments, interest charges etc. For the logbook to be valid, it must cover at least 12 consecutive weeks. Keeping a clear an accurate method when using your car for business purposes will assist in boosting your refund amounts! It is always important to remember that there are so many factors that impact your refund amounts. The more accurate information you provide us, will result in a positive outcome for you! We cannot place information in a tax return that does not "exist"! if we cannot see the proof in front of us through the use of a log book, we cannot place anything in your tax return. Give us a call in 08 9721 3088 if you have any questions. We also have templates that you can use as a log book.

13.01.2022 We are here to help you with all your tax and accounting needs. Visit our website www.swta.com or call (08) 9791 2677.

10.01.2022 Claiming a deduction for 'Other work-related expenses' this year? We would love to help you with your tax questions! Call us today to book an appointment on (08) 9791 2677 or check out our website www.swta.com.au.

07.01.2022 Topic: Capital Allowances & Special Holding Structures If the Tax Payer constructs a new rental property, certain costs will qualify for capital allowances at an annual rate of 2.5% If an investor participates in the National Rental Affordability Scheme, a refundable tax offset may be available. If the rental is held by a company, Family Trust or Unit Trust, special tax considerations may apply.... If the rental is held jointly with two or more people, each person accounts for their share of the net partnership income or loss according to their ownership interests. Remember, everyone's circumstances are different and many factors contribute to what you may or may not be entitled to. Always seek advice. Call us to discuss further on 9791 2677

07.01.2022 Meet Luke Blair one of our tax specialists, Luke has appointments available this week. Call the office today on (08) 97912677

07.01.2022 Do you own a small business and are thinking of taking the next step to hire your first employee? Here are some things you need to know! www.insidesmallbusiness.com.au//taking-the-next-step-when- We would love to help you with your small business questions! Call us today to book an appointment on (08) 9791 2677 or book online through our website www.swta.com.

07.01.2022 Topic: Assessability of Rent Bond monies held does not constitute assessable income. Bond monies retained in lieu of unpaid rent may be assessable income or retained to pay for deductible repairs may be offset against deductions. Amounts received from the lessee for non-compliance with a lease obligation to repair business premises are assessable.... A Tax payer will only be assessable on rent that is actually received in the year of income. A genuine lease premium is a capital receipt, and not assessable as income. Remember, everyone's circumstances are different and many factors contribute to what you may or may not be entitled to. Always seek advice. Call us to discuss further on 9791 2677

06.01.2022 We love helping our clients get the best tax returns! Here is another happy client. Call us today on 9791 2677 or visit www.swta.com.au

06.01.2022 Not completed your tax return yet? When you have your tax completed through a tax agent, your due date is extended! Thanks to the Single-Touch Payroll and more information, such as private health, being reported straight to the ATO, this makes tax time easier for you! Call us now to book an appointment or ask us to start your tax return 97213088

05.01.2022 Topic: Using the home for work or investment If you use the home simply as a "home office", as compared to a place of business (as per point below), deductions may be claimed such as running costs. If the home is a place of business, such as a doctor using part of the home as a surgery, deductions may be claimed for expenses such as running costs and mortgage interests. Land tax generally does not apply to land as a person's principal residence. If the home is used to ...carry out business activity, a proportional liability may apply. Any rent derived by the owner is assessable. There can be exceptions to this. Expenses incurred in deriving assessable rent are deductible. Such as travel fees to collect rent from parties. Remember, everyone's circumstances are different and many factors contribute to what you may or may not be entitled to. Always seek advice. Call us to discuss further on 9791 2677

04.01.2022 Tooth be told, getting your tax's done is just as drilling as going to the dentist! Everyone puts it off, even though it is a yearly chore! That is why we are here!... Let us ease the experience for you. Come chat to us about your tax this year 08 9721 3088

02.01.2022 Single Touch Payroll is a reporting change for employers starting 01 July 2018. We would love to help you with your tax questions! Call us today to book an appointment on (08) 9791 2677 or check out our website www.swta.com.au.

02.01.2022 We hope you have a great start to the week!

01.01.2022 Claiming Expenses! There are a lot of different expenses you can claim and they differ depending on your industry of work. Examples include:... Purchasing of uniforms, occupation-specific and protective clothing Cleaning/laundry costs Sun protection items Stationery Supplies Text Books Course Fees Travel Accommodation ... and more! Remember: receipts, receipts, receipts! We cannot claim your expenses if there is no proof! Unsure on what you can claim? give us a call and we can go through claimable expenses that are specific to you. Give us a call in 08 9721 3088 if you have any questions.