Tax Returns Made Easy
Are you looking for an experienced Gold Coast tax accountant with broad knowledge in different areas? Tax time can often be a source of stress and frustration for many people, especially with the frequency with which the Australian taxation system changes. Our tax system is becoming more and more complex, particularly for small businesses or property investors. It’s getting more and more difficult for individuals to properly address their own taxation needs.
Yet taxation can have a direct impact on your wealth and subsequent quality of life. Methodical tax planning has the power to help you recognise tax savings and build your personal wealth. Not to mention it gives you peace of mind and the freedom to focus on the things you’d rather focus on, like building your career or spending time with friends and family.
Customised Tax Returns
Our clients have vastly different personal circumstances and taxation needs. Each individual requires a slightly different approach in order to identify benefits, claim the right deductions and maximise their returns. We take the time to find out how your finances work and uncover any personal circumstances that can improve your annual return. Armed with all the right information, we can maximise your tax return and help you start improving your personal wealth.
Filing your tax returns with a tax professional means you’ll stay compliant and avoid tax penalties. But it also gives you a better indication of profits and losses for the new year. This will empower your financial decision making for the future.
The best way to ensure you’re maximising benefits, minimising tax payments and complying with all the relevant tax laws and legislation is by engaging a qualified team of tax professionals.
Why Leave Your Tax Return to Us?
When you engage QC Accountants to complete your tax return, we offer:
- Flexibility – we’re Gold Coast tax agents but we work with individuals from all over the state. Come to us either in person, via a video chat, through email, or over the phone
- Knowledge – our qualified accountants pride themselves on staying up to date with changing legislation and industry-specific deductions, enabling them to maximise your tax return wherever possible
- Experience – we’ve completed thousands of tax returns and have experience dealing with a myriad of situations
- Efficiency – we have the tools, systems and support structures to make the taxation process as painless as possible
- Support – we’ll answer all your burning tax questions and assist you during the entire process, so you can get tax time over with as soon as possible, and focus on the things
Best of all, our qualified accountants offer a high-quality service that operates meticulously yet efficiently. This is the perfect combination to enable us to create a streamlined service that works quickly, every time.
Aside from individual taxation services, our Gold Coast tax agents also offer taxation services for businesses.
Find out more about our comprehensive business services.
Book an obligation-free consultation here.
We Are Your Professional Crypto Tax Accountants
Over 1 million Australians have invested in cryptocurrencies. And yet, many crypto investors are unaware that they need to pay tax on their crypto gains – until they get audited, of course.
The Australian Government started collecting records on individual crypto accounts in 2019 to ensure individuals were tax compliant. This means that if you have (or have had) an account with a designated crypto service provider at any time, you could be contacted by the Australian Tax Office (ATO) and may be required to provide records of any cryptocurrency transactions.
The Australian Government doesn’t recognise crypto as a currency – rather, it views it as an asset, the same way as it might view property. It is a Capital Gains Tax (CGT) asset, which means you need to declare your crypto transactions every time you trade, sell, or use crypto. As with other CGT assets, there are plenty of ways to benefit from CGT discounts and therefore minimise the tax you pay on your crypto.
It’s important to understand that the Australian Government also treats individuals differently based on how they are using and trading cryptocurrencies. Depending on your situation, you may be required to pay tax on any gains you make – or you could even be due for a tax refund if you had crypto losses.
Crypto tax is a niche area of accounting, and it’s still very unfamiliar to most accountants – even those with decades of experience. If you invest in crypto it’s crucial that you have an experienced crypto tax accountant to help you formulate an ongoing tax strategy that will maximise your deductions and minimise your taxes.
Our seasoned cryptocurrency accountants will work closely with you, providing a tailored tax solution to suit your personal circumstances. Whether you’re experiencing a one-off audit or you need ongoing crypto tax planning, they can help. But not only that – they will also educate you on the best way to prepare for tax time and structure your crypto investments to minimise your taxes.
Why Work with Our Cryptocurrency Accountants?
Our expert cryptocurrency tax agents offer a wealth of expertise in the world of crypto tax and trading.
We can help you with:
- Tax Planning Strategies. Learn to assess your projected gains and losses for your cryptocurrencies so you can take advantage of the market
- Tax Reports and Record Keeping. We can advise you on which records you need to keep when it comes to trading with crypto and assist you in exporting historical crypto transactions when needed.
- Tax Returns. We can assist with accounting for cryptocurrency trading by preparing your annual tax return.
If you invest in cryptocurrencies (or have in the past), seek the advice of an expert now so you can start preparing for tax time. Get in touch with our specialist crypto accountants on the Gold Coast today.
Book an obligation-free consultation here.
Sophisticated Self-Managed Super Funds Accounting Services
A self-managed super fund (SMSF) can seem like a great idea until tax time! Self managed super is essentially like any other super fund – a way of putting aside money to invest for your retirement. The difference is that you’re in control of where your superannuation funds are invested. An SMSF is a fantastic opportunity to take control of your superannuation and increase your super gains.
Yet SMSF tax can be incredibly complex and requires a seasoned professional to navigate. To add to the complexity of SMSF tax, regulations change from time to time, making it hard to keep up. It’s important to keep abreast of these changes.
If you’ve chosen to create an SMSF but aren’t completing your tax return correctly, this negates one of the key reasons for creating it in the first place! After all, you don’t want to end up losing your valuable super gains as a result of poorly managed accounting.
When completed correctly, SMSF accounting should minimise your taxes and ensure that your SMSF is ATO compliant. The Australian Securities and Investments Commission (ASIC) requires all SMSFs to be audited annually. This means that every last detail of your SMSF and SMSF tax needs to be correct and compliant.
SMSF accounting can be quite involved, as each SMSF requires its own annual tax return. This is in addition to your individual tax return. And, while you can do it alone, unless you’re a tax professional, you might be paying far more tax than you need to. Or, you might be accidentally underpaying, leaving you with a large fine to pay later on down the track.
SMSF Accounting Services
Our self managed super fund accounting services can assist you with:
- Tax Planning Strategies. Learn to assess projected gains and losses for your SMSF so you can take advantage of the market wherever possible and make the best financial decisions for your future.
- Tax Reports and Recordkeeping. We can advise you on which records you need to keep when it comes to your SMSF accounting, and how to minimise your SMSF tax.
- Tax Returns. We can help with your SMSF tax on an ongoing basis by preparing both your annual tax return and your SMSF tax return. We’ll work to minimise your taxes wherever possible.
- Consultation & Support. Need ongoing support and advice when it comes to SMSF accounting? We offer consulting and support services to assist you with your ongoing tax needs or business.
Your financial future rests on your ability to maximise your SMSF. Don’t lose your super to fees and excess taxes! Get in touch with our specialist SMSF accountants on the Gold Coast today.
Book a consultation with one of our experienced superannuation accountants today.
We Specialise in Accounting for Investment & Rental Property Owners
Owning an investment property is a dream-turned-reality for over 2 million lucky Australians, according to the ATO. But rental properties aren’t without their issues. On the surface, property seems like a relatively safe and simple investment option. Yet property tax can be complicated and, unbeknownst to some property owners, can also involve a significant amount of risk.
The larger your property portfolio, the more complicated your tax needs will be. If you’d like to minimise your tax it’s essential that your rental income accounting captures all the right details about your investment properties.
How Can a Property Accountant Help Me?
Having an experienced property accountant can help you minimise risk, make the right property investment decisions and manage your rental properties in a way that can help you maximise your wealth.
Our experienced property accountants can assist you to minimise your tax and can keep you up to date with property tax laws and regulations. They can help you maximise your current property investments faster than ever. But they can also help develop tax strategies which will allow you to invest in more property, if possible.
We can assist you to structure your property investment portfolio to best protect your assets, minimise risk, and produce greater income. Our in-depth experience and detail-oriented approach mean that we can find tax savings for everyone from first-time property investors to long-term property owners with large property portfolios.
Property Investment Accounting
Our property investment accounting services can assist you with:
- Tax Planning & Property Investment Strategies. Learn to assess your projected gains and losses for your rental properties so you can reduce your tax burden and make the best financial decisions for your future.
- Tax Returns. We can assist with your tax returns while incorporating your rental property income and losses on an ongoing basis. We’ll work to maximise your deductions and minimise your taxes wherever possible.
- Consultation & Support. Need ongoing support and advice when it comes to property investment accounting? Do you have a large property portfolio to manage? No matter how complex your assets, we offer consulting and support services to assist you with your ongoing tax needs. We can provide advice on asset depreciation, positive and negative gearing, debt structuring and tax deductions.
- Tax Services for Landlords. Accounting for landlords can be a complicated business, but we can assist you. Speak to us now to start preparing for tax time.
Whether you need a rental property accountant for your ongoing needs or you simply need some ad-hoc advice, we’d be happy to assist you.
If your property portfolio is owned through your business as a part of your wider corporate business investment strategy, your needs may be a little more complex. On the plus side, there may be tax benefits to unlock, with the help of our experienced team.
Reach out to our expert team of property accountants today.
Book an obligation-free consultation here.
We Guide You Through A Personal Tax Audit
The Australian Tax Office (ATO) can be vigilant during a tax audit, and complying with the ATO’s requests can take up your valuable time. Many of our clients find the tax audit process to be extremely arduous and frustrating. Yet unfortunately, for many Australians, it’s a necessary part of the government’s tax process.
When revenue agencies conduct tax audits, taxpayers can benefit immensely from having tax representation to stand for their interests.
Tax audits can involve time-intensive processes, such as examinations of your transactions and other documents to investigate all sorts of tax issues, such as:
- Unreported or underreported income,
- Unexplained wealth,
- Sales of major assets,
- Company transactions,
- Trust transactions, and
- Tax credit claims.
Tax representation with a trusted professional can ensure your interests are upheld throughout this complicated – and often tedious – process. We can manage the end-to-end tax audit process, working with the ATO on your behalf. Throughout the process, we’ll ensure that any information given will satisfy the ATO’s requirements.
We can also work to better understand what the ATO wants. Whether you’re involved in a personal tax audit or a business tax audit, our goal is to help you navigate through the process as quickly as possible. We aim to minimise the disruption to your personal life or business by providing accurate, up-to-date information and all required records to ensure a speedy conclusion of your audit.
Tax Audit Services
Navigating your way through a tax audit can be stressful and extremely time-consuming. Our tax audit services can help you:
- Manage a tax audit and work through it quickly,
- Manage tax audits for your SMSF, your trust, or your business,
- Organise tax audit insurance to assist individuals to cover the cost of fees if needed,
- Liaise with the ATO and understand exactly what is needed and when,
- Provide clarity on the tax audit process so you always know what to expect,
- Ensure your record-keeping and documentation are correct and up-to-date,
- Ensure transactions and records are kept in a way that will satisfy the ATO’s requirements, streamlining the tax audit process,
- Understand the consequences of non-compliance, and
- Negotiate with the ATO for the best outcome.
The ATO has stringent requirements when it comes to tax audits. While tax audits are important and necessary, they can also be highly disruptive. Tax audits can cause unnecessary anguish and frustration – but this doesn’t need to be the case.
Proper tax planning and meticulous record-keeping can ensure that, when the ATO does come calling, you’re prepared. Our team can also help you prepare for tax time to reduce the impact of tax audits and ensure that you’ll always have your records and documentation up to date.
Need assistance with a personal tax audit? Or perhaps your business needs assistance with tax audits? Either way, don’t waste any time. Contact our team to learn more about our tax representation services today.
Book an obligation-free consultation here.
Our clients come to us looking for experienced and passionate Gold Coast accountants who offer a full range of accounting and tax services that suit their business. We can help you demystify your tax and accounting and, ultimately, take your business to the next level. We give you the confidence to make strategic business decisions that will help your business thrive.
