TJD Accounting services first tax return explained

It’s tax time and as parents we’ve done our taxes for years and no longer need to think about what is required of us. Tax time has become automatic, yet trying to explain tax to our children who are young adults now, who do not have our years of experience, often stop us in our…

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TJD Accounting Services Keilor Park

Have you planned for succession and/or retirement? For many individuals and business owners, the idea of retiring seems too far way to be deemed important.  It’s something that can be dealt with later. If not, then the proceeds of the business should see them through. The reality is that life is ever changing and an…

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ATO Audits and how to avoid them

Recently the ATO has recorded an all-time high for tax audits with the main focus being businesses turning over $1-$3 million dollars. Their ability to cross reference tax information declared against Workcover, Centrelink, Department of transport, Super funds, Banks and other Financial Institutions has increased in leaps and bounds. What can trigger an Audit? 1). …

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Planning ahead for your business

What last minute Tax planning can you do? Your best plan is to start your tax planning at the beginning of the year. Finding deductions and limiting income is a minor part of tax planning. Good structure and strategies will set you up for the long term tax advantages with the bonus of Asset protection.…

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