Tax Accountant in Beckenham

Universal Taxation offers a secure approach for people to lodge tax returns online. If someone is clueless about the whole process, they can take help from the veteran expert tax accountant in Beckenham. The tax accountant will file returns and will ensure maximum tax refunds, if possible.

Our Beckenham accounting firm is one of the very few that can handle tax issues efficiently and will help you to benefit considerably, owing to our immense tax knowledge.

Our accounting firm in Beckenham prepares taxes and also provides effective guidance in tax planning. We also take care of other financial affairs related to your work and business. Our sole aim is to minimize taxes for you, right from day one, while focusing on a swift tax returns process.

Tax Return Deadlines

Our process of tax returns ensures that your entire annual financial background is considered spanning transactions from 1st July to 30th June. We help our clients to file due before 31st October, which is the official deadline for tax filings. We lodge tax returns even after the deadline has passed, but we do not recommend you to pass the timeline.

Are you finding it tough to pay taxes on time? Then this is where our tax accountant in Beckenham comes in with a tailor-made tax payment plan suitable to your predicament.

Tax Accountant Services in Beckenham

Our accounting firm in Beckenham can deliver expert tax filing and preparation services along with a plethora of other accounting services:

Contact Universal Taxation and avail the expertise of veteran tax professionals today!

Get In Touch With Us

    Why Work with Universal Taxation?

    500+ Client
    12+ Years of Experience in Taxation
    Individual Tax returns at $99*
    Highly conversant with tax laws in Australia
    Maximum tax savings with low tax liability assurance
    Maximum saving of time and money
    Helps avoid common pitfalls with expert guidance

    Accreditation

    What our Beckenham Tax Return Clients are Saying About Us

    I have been using Universal taxation services for 5+ years. Excellent people to deal with.

    Emma Dhanjal– Emma Dhanjal

    Best taxation services in town

    Happy Sandhu– Happy Sandhu

    A big fan of the work the accounting firm does! I will continue to do my tax from them

    Dolly Dhanjal– Dolly Dhanjal

    Frequently Asked Questions about Tax Return in Beckenham

    What do you do with my personal information?

    As per our Privacy Policy, your personal information will remain in our secure database. After the tax return is ready for lodgement, the info will be electronically dispatched to the ATO via a direct, secure link. The information will not be disclosed to any third party without your explicit prior consent for the same.

    Can I claim anything for the cost of my children’s education?

    Families who receive Family Tax Benefit Part A can claim $422 for each child studying in primary school, and up to $842 for each child studying in secondary school.

    What sort of travel expenses can I claim on my tax?

    You can claim the following travel expenses on your tax return:

    • Accommodation: Costs incurred for overnight stays.
    • Miscellaneous Expenses During Travel: Such as laundry or Wi-Fi charges.
    • Travel Fares: Airline, train, or bus fares that are work-related.
    • Bridge and Road Tolls: Tolls paid while travelling for work.
    • Parking Fees: Costs incurred for parking while on the job.
    • Car Rent Charges: If you had to rent a vehicle for work-related travel.
    • Meals: Only if the work required an overnight stay.

    What are deductible expenses for a small business?

    Deductible expenses can vary depending on the nature of your business. Common deductible expenses include rent, employee wages, utilities, business travel, and certain types of equipment. Always consult with a professional to understand your entitlements better.

    What is GST, and how does it affect my business?

    Goods and Services Tax (GST) is a 10% tax applied to most goods, services, and other items sold or consumed in Australia. If your business is registered for GST, you’ll need to add this tax to your sales and can also claim credits for the GST included in your business purchases.

    What is a BAS statement?

    The Business Activity Statement (BAS) is a tax reporting requirement for businesses issued by the Australian Taxation Office (ATO). It helps businesses report and pay taxes such as GST, Pay As You Go (PAYG), and other tax obligations.

    How often should I update my business plan?

    A business plan isn’t a set-and-forget type of document. Ideally, it should be reviewed and updated annually or whenever there is a significant change in your business circumstances. Regular updates help in keeping your strategies aligned with your business goals.

    What is capital gains tax?

    Capital gains tax (CGT) is the tax you pay on the profit made from the sale of an asset such as property, shares, or bonds. There are specific exemptions and discounts, so it’s crucial to consult a tax professional to optimise your tax position.

    How can I improve my business’s cash flow?

    Improving cash flow can involve multiple strategies like speeding up invoice payments, reducing operating expenses, or renegotiating contracts. The approach will differ depending on your unique business situation.

    How do depreciation and amortisation affect my business?

    Depreciation and amortisation are accounting techniques that spread the cost of long-term assets over their useful lives. While they don’t directly impact your cash flow, they do affect your business’s profit and loss statement, and therefore your tax obligations.

    What should be included in a financial statement?

    A standard financial statement typically includes a balance sheet, income statement, and cash flow statement. Each serves a different purpose but collectively provides an accurate financial portrait of a business.

    What’s the difference between a bookkeeper and an accountant?

    While both deal with financial data, a bookkeeper generally handles the day-to-day financial transactions and record-keeping. An accountant, on the other hand, has a more strategic role, focusing on tax planning, business analysis, and financial reporting.

    Can I claim the home office as a business expense?

    Yes, if you work from home and have a dedicated workspace, you may be able to claim a portion of your home expenses like rent, utilities, and internet charges. The specifics can vary, so consult a tax advisor to understand your eligibility.

    Still can’t find what you’re looking for?

    If you have more questions or need further clarification, feel free to dive deeper into our comprehensive FAQ section.

    Navigating through taxation and business procedures doesn’t have to be complicated. Our FAQ section aims to make things clearer for you. But remember, for bespoke advice tailored to your individual circumstances, it’s always a good idea to consult with professionals.