Top Accountants

All your accounting and taxation in one place

Whether you are big or small, Top Accountants has the tools you need to succeed in business

 

Services we offer with utmost guarantee and expertise

 

Tax Return Services

Tax return for Individuals, sole traders,
partnerships, trusts, companies and
self-managed super funds (SMSF)

 

BAS & IAS Lodgments

Business Activity Statements (BAS)
for sole traders, partnerships, trusts,
companies and SMSF

 

Bookkeeping Services

Cloud bookkeeping including accounts
payable & receivable, reconciliation,
payroll, audits and reports.

 

Registration Services

Registration of ABN, TFN, GST,
companies, trusts, SMSF and ASIC,
ABR, ATO applications

 

Advisory Services

The establishment of business structure,
due diligence, management & financial
reporting and business evaluation

 

Training Services

Xero software, MYOB software,
tax software and tax return courses from
Individual to company returns

 

Tax Return tips

 

TAX DEDUCTION FOR CAR EXPENSES?

Can I claim tax deduction for my car expenses? Yes but only if you use your car for work purposes, you are entitled to claim the expenses related to the business costs of your car.

 

TAX DEDUCTION FOR TRAVEL EXPENSES?

Can I claim tax deduction for my travel expenses? Yes but only if travel expenses you incur that are directly related to your work. There are specific record-keeping requirements for travel expenses…

 

TAX DEDUCTION FOR WORK CLOTHING & UNIFORM?

Do you need to wear a uniform to work? Or perhaps you need to wear industry specific clothing? If your answer is YES, then you may be eligible to claim deduction for work clothing or uniform expenses.

 

TAX DEDUCTION FOR COMPUTER OR LAPTOP?

Can I claim my computer as tax deduction? The answer is “YES”. However, you must genuinely use your computer for work purpose to be eligible to claim a tax deduction.

 

TAX DEDUCTION FOR PROTECTION, SUNGLASSES AND HEADGEAR?

If your employer requires you to work in the sun for periods of time then you are eligible to claim tax deduction for sun protection, sunglasses and headgear items.

 

TAX DEDUCTION FOR MOBILE PHONE?

Can I claim my mobile phone as tax deduction? The answer is YES. However, you must genuinely use your mobile phone for work purpose to be eligible to claim a tax deduction.

 

TAX DEDUCTION FOR PHONE CALLS?

The most common question asked at tax time is “can I claim work-related phone calls as a tax deduction?” The answer is “Yes”

 

TAX DEDUCTION FOR HOME OFFICE COSTS?

The way we work is changing. Increasingly, we demand flexibility in the way we work or run our business and it is now common for people to spend at least some of their time working from home…

 

TAX DEDUCTION FOR HOLIDAY RENTAL PROPERTY?

Many of us look forward to an annual getaway, either to the beach or the bush, as the best way to unwind and re-charge after another tiring year…

 

TAX DEDUCTION FOR PERSONAL GROOMING & MAKEUP?

Can I claim personal grooming or makeup as a tax deduction? Normally ATO does not allow tax deduction for such costs but exception is available for specific industry employees.

 

TAX DEDUCTION FOR PRINTER OR SCANNER?

Can I claim my printer or scanner as tax deduction? The answer is “YES”. However, you must genuinely use your printer or scanner for work purpose to be eligible to claim a tax deduction.

 

TAX DEDUCTION FOR DONATIONS?

There are lots of charities and worthy causes out there that rely on the generosity of taxpayer donations in order to help the less fortunate. The good news is when you give money to a charity, your gifts may be a tax deductible donation.

 

TAX DEDUCTION FOR INTEREST, DIVIDEND AND OTHER INVESTMENT INCOME?

Did you know you can claim a deduction for expenses incurred in earning interest, dividend or other investment income.

 

TAX DEDUCTION FOR SELF EDUCATION?

You may be able to claim a deduction for self-education expenses if your study is work-related or if you receive a taxable bonded scholarship.

 

TAX DEDUCTION FOR RENTAL PROPERTY?

Investments should always be selected on the basis of the returns generated and how well the investment will help you meet your individual goals.

 

TAX OFFSETS AND REBATES?

Tax offsets (sometimes referred to as rebates) directly reduce the amount of tax payable on your taxable income.

 

INCOME TO DECLARE ON TAX RETURN?

One of the most important requirement while completing your tax return is to declare all assessable income and tax withheld, this also ensures you are maximising your tax refund.

 

TAX DEDUCTION FOR TOOLS, EQUIPMENT AND OTHER ASSETS?

If I am required to use my own tools and equipment at work, can I claim them as tax deduction? The answer is “YES” only if buy tools, equipment or other assets to help earn your income.