Frequently Ask Questions (FAQ)

1. What deductions can I claim as an Individual ?

The ATO has published a comprehensive list in helping you identify common expenses incurred in your occupation. Link below 
 
https://www.ato.gov.au/individuals/income-deductions-offsets-and-records/occupation-and-industry-specific-guides/

Our Top 3 Most Common Deductions (Download)
2. How can I maximise my deductions ? 

One way to maximise your deductions is to identify the expenses you incurred in deriving assessable income. A practical step is by reviewing your bank statements. It is easy to forget that you incurred such expenses. By reviewing your bank statements, you will also be able to recognise where and what your money is spent on

You can also contact us to help review your bank statements

3. Is it worth consulting a tax accountant ? 

Tax accountants are generally more familiar and experience with tax laws than an average person. Often a tax accountant is consulted to save time, avoid expensive mistakes and plan for a better tax outcome

Our general rates can be found on our Home Page