Stay in the know with VDM & Thorn
Download our Tax Checklist here!
Countdown to Tax Time 2023
Your Tax Checklist
We welcome all in-office appointments however if you would like to save time, and have your tax return prepared quicker, you can email us your information then sit back and relax while we do your tax!
Tax time has never been easier! We will communicate via email and/or phone to address any further queries or matters that may arise but if not, a completed tax return ready for signing will be e-mailed back to you once our team are satisfied they have maximi$ed your claim$!
Download our tax checklist now to help you gather the correct information or contact us if you need further assistance.
What you will need?
Income
This may include but is not limited to the following:
- PAYG/MyGov payment summaries, allowances, directors fees
- Income from business activities/BAS or bank statements
- Lump sum and termination payments, including redundancies
- Government social security payments (e.g. pension, unemployment, disability)
- Capital gains from sale of investments and assets (e.g. property, shares, managed funds and bitcoin)
- Income from trusts (i.e. Trust statement) and partnerships (i.e. copy of partnership tax return)
- Rental income statement (monthly or annual)
- Foreign source income (employment and overseas pension)
- Interest and dividend income including accounts of dependants and dividend statements
- Foreign source income (employment, rent and overseas pension)
- Other as advised
Deductions and expenses
- Accountant / Tax agent fees
- Bank fees / Professional subscriptions and memberships
- Sickness / Accident insurance including income protection insurance
- Superannuation contributions
- Work-related motor vehicle travel (logbook & kms)
- Business / home office deductions based upon verifiable calculations
- Donations
- Rental property expenses including interest on loan
& many more! see our guide and call us today!
Helpful Links
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Stay Connected with us on Instagram & Facebook
Our Instagram is your one-stop-shop for all the latest information that may benefit you, your business or SMSF
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vdmthorn
📊Accountants & Tax Agents 📊
🔸Accounting, Taxation and Business services to individuals, SMSFs, & businesses.
Facebook Posts
Are your ABN details up to date????
The government make it your responsibility to maintain your Australian business number (ABN) details.
This is regardless of whether you have someone acting for you such as an accountant
Details must be updated with the Australian Business Register (ABR) within 28 days of becoming aware of changes.
Keeping your ABN updated will ensure:
• the right people have the right permissions to act on behalf of your business
• government agencies have current information – for example, if emergency services need to contact businesses during natural disasters
• businesses are ready for new government services when they become available. ... See MoreSee Less
Comment on Facebook
Did you know??
If you are running a business, you can claim assets up to the GST exclusive value of $20,000 per item !
How does it work??? For example, if you acquired a computer for $3,000, a car for $19,000, a desk and furniture for $4,500, providing these items are used by your business you may claim the whole lot immediately! ... See MoreSee Less
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ACT NOW! TAX DUE DATES!!
No-one wants a penalty!
*If you’re lodging your own tax return, you need to lodge it by 31 October.
*If you engage the services of a registered tax agent, they have special lodgment schedules and can lodge returns for clients later than 31 October.
*If you are using a registered tax agent, you need to engage them before 31 October.
Source : www.ato.gov.au/Individuals/Tax-return/2023/Before-you-start/Important-information-2023/ ... See MoreSee Less
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Tax Time is coming which means it’s time to start getting everything ready! Stay informed with VDM & Thorn and contact us today. 📞📧
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#accountant #smallbusiness #supportsmallbusiness #explore #advice #tax #sydney #contactus #accountability #australia #business #finance #vdmthorn #hereforyou #tips #quotes #quoteoftheweek #sydney #nsw #newsouthwales #stmarys #northstmarys #localbusiness #supportsmallbusiness #supportlocalbusiness #southwestsydney #taxagent #accountants #bas ... See MoreSee Less
Comment on Facebook
VDM&Thorn is thrilled to welcome back Siane. Siane is a qualified and experienced accountant who works within clients needs to deliver the best possible results. You will find diane’s staff profile on our website under the VDMTeam tab.
Welcome to the team, Siane. We’re happy to have you onboard!
💡Are you ready for this tax season? VDM & Thorn will be there for you every step of the way, contact us today!
‼️Be Quick! Appointment slots are filling up rapidly for upcoming tax season! ... See MoreSee Less
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