How long does the ATO take to process tax returns and why?

It seems like a simple question to ask ‘How long does it take for the ATO to process tax returns?’, but the answer depends on a few key factors. As long as you have all your income and the amounts properly outlined – including no out of the ordinary deductions – there...

What do mean by Tax Return and how to get the best from yours

When the question comes up “What do you mean by tax return?”, the answer is not as simple as you might think. Firstly, a tax return is often thought to be a way to get your tax returned to you. This is an easy mistake to make. In fact, a tax return is a document that...

The Pros and Cons of lodging your tax return early

Knowing when it is best to lodge your tax return is best left to the professionals. Why? The following reasons can make a huge difference to your financial well-being. Can you lodge tax return before the end of financial year? The simplest answer is Yes – but only in...

Coronavirus impact and the support for Australian businesses

Few people could have predicted the impact of the coronavirus (or COVID-19) and the devastating consequences that it is brought upon communities throughout the world. No country has been immune to the effects of the virus and what it has meant for people’s health and...

Why tax planning is different to tax minimisation

There is an important difference between tax planning and minimising your tax. Understanding your financial standing is the key ingredient to making sure you know where you are today and where you can go tomorrow. Tax planning helps you keep control of your cash flow,...

How accounting can help after a natural disaster

From all the things to consider after a natural disaster such as the recent bushfires – accounting and financial advice is probably not at the top of the list. Knowing where you are financially and what your financial standing means for your immediate and long-term...

The Difference between a Bookkeeper and an Accountant

Making the most of your finances is critical in today’s world. If you aren’t able to keep on top of where you stand economically, you could be setting yourself up for trouble rather than setting yourself up for a better financial future. Knowing if you need a...

The Benefits of a Local Accountant

Having a local accountant is an asset that can’t be overestimated unless it is your health. And wealth is your winning way to healthy finances. If you’re looking for qualified accountants in Malvern East, between the suburbs of Caulfield and Mt Waverley, you can’t go...