Gain the Best Possible Tax Ideas
If you're seeking a Good tax accountant and you've found us, and then there's a Good chance you'll uncover more tax benefits and get Good tailored accounting services.
Tax Ideas Chatswood branch locates right above Chatswood train station. We provide a wide range of accounting services covers all your tax and accounting needs. We make individuals' and business owners' life's easier.
Panbo Ye | FCPA SSA MBA JP
How can we help
- Tax Returns
- Capital Gain Tax (CGT)
- Superannuation Planning
- Net Wealth Strategy
- New to Australia planning
- Industry Specific Guide
Consider us as an one-stop tax shop, guiding you through this mist of accounting and tax responsibilities, with the ultimate goal in getting you the Maximum Income Tax Return that you are entitled to. We streamline your Tax Return with a detailed review all your accounts records, if any anomalies or problems detected, we can provide alternative solutions such as defer payment of tax or set up a payment plan with ATO that works well with the situation in giving us to sort out the problems that occurs.
We often will find things that other people miss. From large offsets to small deductions, we do our best to claim every possible tax rebate for you. Nothing is ever too small to claim. Our value for our clients to get put them in the best possible tax position, not getting work done quickly and blindly in order to offer a cheap price. Our service fee is very competitive and extremely honest, we will never discount our quality of service.
CGT Events Lodgements
Capital Gain Tax (CGT) refers to tax that levied on gains incurred from selling, transferring or disposing of assets and investments, in other words, assets that have been sold at a higher price than the original price.
The tax law for capital gains tax can be intriguingly vast and complicated, come reliefs and exemptions are subject to certain situation and conditions, which may be a significant tax savings in one case and tax liability in another.Capital Gains calculation is one of the most complex areas within accounting, please do come for professional advices and grasp a basic understanding of the consequence & implications in selling any assets that you think you want to now or in the future. As just for taking a precautionary step and measure in protecting yourself and in the meantime opening a potential opportunity for creating a Tax Savings Plan for yourself.
At Tax Ideas Accountants & Advisers, we provide comprehensive support services for SMSF, from accounting to financial advice. If you are looking for more control on how to manage your SMSF, this is the right place to start as we act in your best interests. We can help you set up and monitor it to ensure that it meets compliance obligations. A Self-Managed Super Fund may sound appealing at first, however, if not handled properly, it could put you into a far worse situation in retirement. With the industry’s growth comes tighter regulations and legislation which can present new challenges for other accountants, financial planners and other professional advisors. Our superannuation consultants are one of the most highly skilled in the country. We seek to identify potential opportunities and develop innovative new strategies for our clients. Irrespective of making a decision in switching to SMSF or you just simply would like to learn more about this area, it is important to get independent and unbiased professional advice from qualified accountants and financial advisers.
Net Wealth Strategy
We are licensed and experienced to provide financial advice to support and maximise clients potential with our experiences in different industries for 25 years. Enquire now to hear our model.This information may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.
All of our client relationships are based on trust and delivering a financial path that reflects the real you and helps you to get ahead. Our financial knowledge may be measured in traditional financial planning terms of advanced qualifications, industry tenure and professional reputation, it is our close interest in your values and goals that underlines what we do best.
New to Australia
If you just migrate to Australia and intend to reside here permanently, you are an Australian resident for tax purposes, that requires:You must declare income you have earned from anywhere in the world in your tax return.You can also claim the benefits of the Australian tax system, such as:The tax-free threshold,Tax offsets and a lower tax rates in general than a foreign resident.
There are various aspects which foreign residents can claim that are slightly different to locals. At Tax Ideas, we tailor your package to individual’s needs and status. We have extensive experience in handling tax returns for foreign residents as understand the processes that need to be in place to ensure you are in the best tax position possible.
Are you eligible for occupational tax benefits?
- Developers and builders
- IT professionals
- Legal practitioners
- Medical practitioners
- Religious practitioners
- And more...
The Tax Ideas Accountants & Advisers provides reliable accounting services for businesses that tailored to any specific business needs. We can help you to maintain accurate records accordingly as for GST purposes through cloud-based systems. Regular management accounts include Individual Customer Account Balance, Supplier Account Balance, Payroll Account Balance, Miscellaneous Account Balance. We take away the hassle of bookkeeping and offer a fixed competitive fee that are payable on a monthly basis. Having a cloud-based system also means that you will have access to your books 24/7. We take charge of your financials and give you back some of your free time. Our Sydney based Bookkeepers can work a few hours a week, a few days a week, monthly or quarterly – it all depends on your requirements. You can relax while knowing that your paperwork is getting done in a timely, efficient and accurate manner. Don’t continue to overwhelm yourself by doing all of your own bookkeeping.Stop worrying about the mess your paperwork is in and struggling to meet Bookkeeping deadlines. Let us give you back time to do what you love and to grow your business.
Business Activity Statement (BAS) is a fact of your business life which can be either a monthly or quarterly basis. It summaries the Total Amounts of GST payable and receivable for a certain time, including PAYG and ABN withholding tax.Tax Ideas Accountants & Advisers can help you to identify the need to register GST at the outset and continue to monitor your tax return, so that we can ensure the compliance of current tax law. In addition, should there be a need to cancel your registration of GST for some reasons, we will notify you on a timely manner. In determining the most suitable GST schemes for your business, we also need to look at the type of business that you are in and the eligibility together, as some GST schemes may entitle you the right to a certain amount of tax savings.
Tax Ideas Accountants & Advisers are here to help, for that we are fascinated by numbers and data, better at planning ahead in detailed reports on pay runs. Keeping track of superannuation schedules for all employees is a daunting task as it you can not afford to get it wrong.
Leave it to us as Tax Ideas Accountants & Advisers does your math and stay on top of all ATO and new rulings & requirements to ensure payroll is accurate and payment is made on time. We employ different ATO – approved software, Xero, each employee can edit their personal details, submitting leave, add & adjust their own time sheets. Towards the end of each week, weekly time sheet can be automatically locked in and submitted to you for review.
Year End Financial Account is also of great importance as it is the main source for preparing company’s tax return at year end. Consequently, we will ensure that you are entitled to the right to the rightful amount of tax claim. Having accurate, timely management information can assist you in managing your stock levels, your customer balances owed, your supplier balances due and your cash flow. Preparing a Year End Financial Accounts can be a daunting task, Tax Ideas Accountants & Advisers are here to make your life easier by taking over the task and carry out the Year-End procedure. Whether you are a sole proprietor, partnership or limited company, letting us prepare your year end accounts will relieve you of what can be an extremely stressful and time-consuming exercise. Our accountants offer competitive pricing with flexible appointment times and are dedicated to offering a professional, friendly service. We will make any necessary adjustments so that your Year End Financial Accounts agrees with financial statements.
FBT and Payroll Tax
As this is one of the more complex tax lodgements, many companies make incorrect Tax Return Lodgements due to not fully understanding what is Fringe Tax Benefits and how it is applicable to them. There are many different categories of Fringe Benefits Tax that you may not know about. Our professional and friendly team will also help you understand how Fringe Benefits Tax works, advise on available exemptions and help liaise with the Australian Taxation Office in relation to your Fringe Benefit Tax matters.
Our experts at Tax Ideas Accountants and Advisers can help you and your business understand Payroll Tax obligations, whether you are located only in New South Wales or all across Australia. By providing a single point of contact, we can help prepare and guide you through your payroll tax obligations alongside other taxation needs.
With a thorough understanding of how business operates financially, we can provide you with an tax efficient business plan to draw a compromising future with foreseeable profitability and present any other lending providers with a reliable image and a good understanding of your business. For instance, when you try to raise finance from investors, it's important to prepare a smooth accounting record to create a reliable image of your business financial structure. We can help you in managing your accounting records and present you with the right type of financial statements so that it will provide you with a better chance of achieving success when it comes to borrowing funding for your business. Business planning comes in many parts and steps, so let us walk you through from beginning till the end.
Mr Wong is a new migrant from HongKong. He has accumulated a decent amount of wealth overseas and came to Australia to enjoy the retirement life. He's worried about Australian tax burden on his existing asset portfolios after becoming Australian tax resident.
We have reviewed Mr Wong's situation and implemented a series of preparation plans to minimise the future tax burden. He is now enjoying his Aussie life with a peace of mind.
We were completing Peter's individual tax return and 360 degrees reviewing his tax position as usual. We found Peter was paying enormous amount of insurances within his superannuation fund that he has no ideas of. Such a large amount of insurance premium is eating into his superannuation balance and can cause a serious issue when approaching retirement.
We have completed a factor finder session and identified the real needs for Mr Smith. We have saved Mr Smith 30% insurance premium ($3,500) a year and made the premium structure more tax deduction friendly.
Mary would like to boost her superannuation balance, so she can use it to fund her future retirement. May has a fully paid off commercial property but she doesn’t have enough liquid cash to make any large contribution to her Superannuation fund.
After completing the Statement of Advice, we have set up a SMSF and a custodian trust for Mary. Portion of her commercial property was transferred over as in-specie contribution while the rest is through LRBA with a related party borrowing arrangement. As Mary have engaged the full service, we have also requested the stamp duty on the transfer of property from $25,000 to be reduced to only $500.
Chatswood Branch & Team Members
I am a Tax Advisor, SMSF Specialist, Financial Planner
I advise many accountants to advise their clients.
I think from the client's perspectives
I am meticulous and I love what I do
I communicate, I follow up, I care
Why choose us
- Local to you
- Fixed pricing
- Transparent & friendly
- Tailored solution
- Smiles is our KPI
- We give back to the society