Springfield Central Accountants

After years of working for a large and well-known tax accounting firm, we have realized that life can be too hectic to constantly worry about taxation requirements and updated rules for deductions.

Even for seasoned experts, the income tax industry can be overwhelming. Opening our Accounting business to the area of Springfield Central allowed us to offer a more straightforward and personalized service for our clients whilst offering year-round services.

We have over 10 years of experience in the income tax industry. Our expertise ranges from basic wage and salary returns to BASs, sole traders, companies, partnerships and SMSF returns and requirements.

If you are among the listed categories, we are here to help your life be smoother and less stressful when filing your income tax.

Tax rates in Australia

Income tax is the primary source of revenue in the taxation system. It consists of 3 main components:

• Personal earnings
• Business earnings
• Capital gain

Income tax applies if you earn an income above a certain amount. In addition, the income tax applies to all forms of income. You pay income tax for wages from your 9-5 job, profits from your business or returns from an investment you made. Income tax also applies to assets, like selling your house or shares.

If you work 2 or more jobs, you need to be very careful with the tax you pay, lest you end up in a trap because of the tax-free threshold. Here is where you especially need a tax income accountant.

What are Australia’s Income tax rates?

The income tax system in Australia is progressive. This means that the more you earn, the more taxes you pay.

There is a tax-free threshold, which is the amount you can earn and not pay taxes for. In Australia, you can earn up to $18,200 before the tax rates kick in.

Above the tax-free threshold, you now enter the progressive tax system. The table below illustrates the latest tax rates in Australia as of the 2021/2022 financial year.

You can find the current ATO tax rates here.

Why would you need our services in your area of Springfield Central?

The tax filing season can be hectic for everyone. If you are running your business, you do not need to waste your days toiling away at receipts and going through your books of accounts to determine how much tax you will be paying.

We can help you file your income tax affordably, depending on your tax situation. Our experience in personal income tax preparation makes the work simple for you.

Now, are you wondering if we are worth it or not? Here are reasons to consider having us as your income tax accountants:

• We are well versed with the Australian tax system, meaning we know what deductibles and tax refunds you can capitalize on to pay the least income tax possible
• It is our job to stay abreast of all changes in the tax system. This way, the ever-changing rules and guidelines in the taxation system never have to worry you
• If you had significant life changes, like you buying a home, marriage, having a baby, or other events, we help you ensure you remain compliant with all tax rules so that you can avoid omissions that can attract hefty financial penalties
• We have the opportunity to tap into every single deductible that applies to people in your financial situation. And even though some accountants may miss some of them, our 10+ years of experience in the income tax industry puts us at the forefront of identifying and using any change given.
• For investors focused on equity, mutual funds, derivatives or debts, we ensure that you still comply with the Australian tax system with your short-term capital gains. If you incur losses, we also help you file for set-offs. As qualified income tax accountants, we help you collect all the details to avoid omissions, which could result in penalties if deemed intentional.
• Are you preparing for the tax season? Hiring us to be your income tax accountant means we deliver fast, reliable and tight-sealed services. With us, there are no omissions. You can then run your business knowing that your tax filings are safe.

Whom do we serve?

The Australian tax system cuts across all people, residents and non-residents of Australia, living in the country or abroad. To get a clear picture of where you fall, here is a list of people who can benefit from our income tax expertise:

1. Personal Tax Clients

At our business, we provide international tax advice on compliance and accounting services. Our market group includes Australians and expat clients moving to Australia or abroad. In fact, our tax accountant Helen is fluent in Vietnamese, therefore offering services to those from both English and Vietnamese-speaking communities.

Our personal tax clients include:

• Australians moving abroad
• Australians returning home
• Australians living overseas
• Expats moving to Australia
• People living in Australia but with assets abroad
• Personal tax returns for people with international interests

2. Business clients

Are you an Australian company looking to file returns? Do you have an international presence or plan to expand more? We are the experts you need to help you remain compliant with the Australian taxation systems.

Our business clients include:

• Australian companies expanding abroad
• Australian companies with an international presence
• Australian companies that export products abroad

We understand that the taxation system can be hectic and overwhelming for anyone without experience. That is why we do our best to offer our clients reliable and full-proof income tax services.

We offer face-to-face appointments with possible after-hours appointments via prior arrangements.

As for those who cannot make it to us, an option to complete the return via email or post without additional charge is also available.

Allow us to help you with your taxation needs. You can experience the best-personalized income tax plans, whether you are Australian or an expat.

And with over 10 years in the taxation industry, you can rely on us to get the job done. Our office is currently located at Redbank Plains, but we service all areas of Ipswich, Inala, and surrounds.

Reach out today, and enjoy the best income tax services in the country.