Business

Sole Trader, Partnership, Company and Trust tax returns

New Business Client

A 30 minute onboarding meeting to get to know you and your business, and to discuss your requirements, obligations and our potential engagement.

Business Tax Meetings

Due to the complexities, business tax returns are not be completed during this time. Booking an appointment allows you to drop off your tax documents and discuss them with an Accountant. 


New Business
Client
(30 mins)


New Business
Client
Form


Business
Tax Meeting
(30 mins)

Non Face to Face Tax Return Consultations

If you are short on time, or would prefer not to come into the office, the Spencer Accountants Team offer non-face to face tax return preparation. Complete an online request, upload any relevant documents and one of our qualified Accountants will be in contact.

Income


Spencer Accountants have prepared a generalised income checklist which may assist you in gathering appropriate documents

Requirements

As an Australian resident for tax purposes, you must declare income form all sources in and out of Australia. Some examples may include:


Employment
Income


Business Partnership
and Trust Income


Amounts You
Do Not Include
as Income


Foreign and
Worldwide
Income


Compensation
and Insurance
Payments


Government Payment
and Allowances


Scholarships
Prizes
and Awards


Investment
Income


Your Income if
You are Under
18 Years Old


Superannuation Pensions 
and Annuities


Tax Assessable
and
Exempt Income

Deductions


Spencer Accountants have prepared a generalised income checklist which may assist you in gathering appropriate documents

Requirements

To claim a deduction for a work-related expense, you must meet the 3 golden rules:


You must have spent the money yourself and weren't reimbursed.


The expenses must directly relate to earning your income.


You must have a record to prove it (usually a receipt).

Work-Related Deductions

You claim these in your tax return at the 'Work-related expense' sections.

If the expense was for both work and private purposes, you only claim a deduction for the work-related use. You can't claim a deduction if your employer pays for or reimburses you for any of these costs. If we think your employer may reimburse you for your expenses we may ask them.


Cars,
Transport
and Travel


Memberships, Accreditations, Fees and Commsssions


Tools, Computers
and Items You
Use for Work


Meals,
Entertainment
and Functions


Clothing and
Items Y
ou Wear
at Work


Personal
Grooming,
Health and Fitness


Education,
Training and
Seminars


Working from
Home
Expenses 

Other Deductions


Gifts
and
Donations


Cost of
Managing
Tax Affairs


Investments,
Insurance
and Super


You may be able to claim other work-related deductions for expenses you incur in the course of earning your income.

Bonus For Recommendations

We think we provide a great service, and we hope you do to. We love nothing more than having you show us this by telling your friends and family about us and recommending they use our services.

When your friend or family advises us that you recommended us, we provide a credit on your account equal to 10% of their fee for you to use next time you use our services.* It is our way of saying thank you for the acknowledgement and helping us to grow our business.
*conditions apply