AddressSuite 411, 343 Little Collins Street. Melbourne. Melbourne, VIC, 3000.
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What you should know about Taxplanners
Business today is like a chess board game, where you need to analyses carefully every move prior you receive it. We, at TaxPlanners, aim at optimizing clients operations, besides rationalizing and structuring the cost, risk and tax liabilities, within the boundaries of vogue legislation, to maximize the riches and value of business. We are an scrupulous and honest practice aiming at stuffed client satisfaction. We believe that our clients are our best salesman and their references will aid in the growth and triumph of the business. We strive for a deeper accepting of our clients’ business to maximize their profit and prosperity in the long run. We aim to forge a long term relationship with all our clients. We are known for providing practical, tailor made tax solutions that get to the heart of intricate issues. Our clients find our objective and professional advice concise, effective and a value addition to their business needs. At TaxPlanners, we aim to aid our clients grow and prevail in their chosen fields with the minimum encumbrances and hurdles of the complicated corporate world and unending intricate regulations. This commitment has brought TaxPlanners an unprecedented victory in a concise time. We are a team of dedicated professionals, ready to do what ever it takes to make your business grow. Did we say that we would love to work with you? So don’t be shy, get in touch!.
We have a packed line of services available to our clients from general tax consultations with individuals through to corporate services, trivial business accounting, general accounting, auditing, and business valuation services. Businesses may claim expenses for food (biscuits) or drink (coffee) provided to employees to total their tasks during a occupied day. Businesses need to ensure that they only claim a deduction in the year in which the asset is beginning worn or installed ready for use and to the extent to which the asset is used in an income earning activity for a taxable purpose. A taxpayer is required to retain receipts for deductions claimed for five years from when the tax return is lodged in case APO asks taxpayer to substantiate claims made. Capital Work Deductions are income tax deductions that can be claimed for building construction costs, the cost of capital improvement etc. As a general rule, you can claim a capital labor deduction for the cost of construction for 40 years from the date of building completed. You can claim a deduction for the estimated costs. Until 2015 there were 4 diverse methods were available for claiming labor related vehicle expenses. One third of actual expenses of the car during the financial year. Record all business trips and all personal trips in your car logbook Keep receipts for all expenses related to your car for 5 years, including o Fuel o Registration o Insurance o Service and repairs o Interest on loan if car is purchased through loan. Operates a business for all or piece of the income year. Company can pay you for the running cost of the vehicle and company can claim it back in their annual tax return. You can also receive travel allowance as the segment of salary from the company and claim operating expenses in your personal tax return including then interest on loan if you have got any finance on the car. An employee is a worker you employ in your business you generally have to withhold tax from payments you make to them and pay balance to them as salary or wages. She has appropriate knowledge about tax returns for individuals, companies, partnerships and Super Funds and has provided many clients with swift and perfect taxation services. Shahana is now managing quality regulate of tax returns for her clients besides looking behind the quality of tax returns tomorrow from other offices of TaxPlanners. She has appropriate communication skills and liaises with Australian Taxation Office from time to time for client’s tax related matters. She is now managing the city office as Practice Manager and she is also involved in the day today management and administration of the business affairs. Sophia is an expert in taxation and business services and looks after an autonomous portfolio of various clients ranging from Individuals to Unit and discretionary Trusts, SelfManaged Super Funds and business services and secretarial matters for the clients besides liaising with Australian Taxation Office for various client needs. With her good skills in accounting, she has been a immense value to the company and the Taxplanners team. She has five years’ experience of Individual and Trivial Business Returns. You must retain all your investment related records for up to five years. If there is no CDT event in the identical income year, you can carry forward previous losses and deducted against capital gains in later years. I