GENERAL TAXATION

General Taxation & Tax Return Lodgements in Morley

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Individual Tax Returns

We all know that it's time to lodge our tax when we reach the end of the financial year. However, this can be a daunting task that takes a lot of time and effort for many of us. So, pull out those old and battered receipts from your glove box and visit us here at Stockman Accountants; we can help you get the most out of your tax return.

It's Australian law to lodge a tax return come the end of the financial year, and it's your responsibility to do so; however, you don't need to go it alone; we have you back. We can look at your financial history for the year and claim all of your expenses to get you the best tax return possible.

Call us today, and we will get your tax return organised.

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Accounting Help for Investment Properties

Many different costs accumulate when dealing with investment properties, which can be very tricky to navigate. Investment properties are also excellent assets that can lead to financial freedom and passive income for you and your family.

However, when something is making you money, it needs to be reported and taxed, which is where we come in. We can help you navigate the taxation aspect of your investment property and help you maintain the financials that arise from your assets – we don't want you to drown; we want you to swim!

Negative Gearing

Negative gearing can be a scary concept, and in layman's terms, it means your expenses that come from your asset – such as an investment property – are more significant than the income earned. Therefore, you're losing money and not making the most out of your assets if you're looking for short-term capital gain.

Conversely, this concept doesn't need to be scary. If you're seeking long-term capital gain, negative gearing can be a good thing in the long run. Negative gearing can be offset against your other incomes and will reduce your taxable income and how much tax you pay. So, let us help you organise your finances and help you get the most out of your assets!

Lodgement Deadlines & what They Mean for You

Tax lodgement deadlines are the due dates for your tax lodgement for the financial year. As we've said before, it's Australian law to lodge your tax statement. Ultimately, these due dates are highly important, and they need to be completed in most cases annually.

Penalties can also apply if you lodge your tax returns late, so don't fall down that rabbit hole; let us keep you buoyant! We can take care of your tax returns and submit them on time so that you won't incur any penalties. Best of all, we'll help you maximise your tax return, so let the professionals take over; trust us, you won't regret it!