At KPA Accountants, Tax & Business Advisors we provide full range of Taxation Services to Individual, Partnerships, Trust, and Companies. Taxation can be a major cost to your business, we will work in partnership with you to minimise your tax liability and help your business achieve key objectives.

Personal Taxation Services

KPA Accountants, Tax and Business Advisors is a registered Tax Agent and our accountants are fully trained to provide you with best taxation services. Our accountants will ensure that you get best tax return that you are entitled to.

What will you need

• PAYG Group Summary commonly referred to as Group Certificate.
• Detail of Interest Earned on any saving account.
• Payment summary for centrelink payment such as newstart allowance and youth allowance.
• Share dividend received.
• Rental property details.
• Details of any capital from sale of assets such as rental property and shares
• Income received from other countries.

When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income.

Work Related Expenses

To claim work related deductions

• You must have spent the money yourself and weren’t reimbursed
• It must directly relate to earning your income.
• You must have a record to prove it.

If the expense was for both work and private purposes, you can only claim a deduction for the work-related portion. Work expenses reimbursed to you by your employer are not deductible.

ATO can seek information from your employer if ATO think you have claimed a deduction for an expense that you have already been reimbursed for.

You may be able to claim a deduction for expenses that directly relate to your work, including:

• Vehicle and Travel Expenses.
• Clothing, Laundry and dry-cleaning expenses.
• Payment summary for centrelink payment such as newstart allowance and youth allowance.
• Home Office Expenses.
• Self-education Expenses.
• Tools, equipments and other assets.
• Other work-related deductions.

Other Deductions

You may also be able to claim deductions for:

• ATO interest – calculating and reporting.
• Cost of managing tax affairs.
• Gifts and donations.
• Share dividend received.
• Interest charged by the ATO.
• Interest, dividend and other investment income deductions.
• Personal super contributions.
• Undeducted purchase price of a foreign pension or annuity.