Frequently Asked Questions

If you don’t find your questions answered below, please don’t hesitate to call to call our team on 03 5332 8466. Or drop us an email to info@elliottaccounting.com.au.

 

Prices for Individual Tax Returns?

Our standard fee starts from $165 per return including GST.
Discounts apply for students and minors. Please contact office for more information.

 

What are our opening hours, and what is the latest & earliest appointment we can do?

Ballarat Office: Monday to Friday 8am-5pm
Daylesford Office: Monday to Friday 8.30-5pm
Closed Public Holidays and Weekends

 

The standard appointment time we allow?

Between 30minutes – 1 hour

 

What do I need to bring into the appointment to complete my tax return?

(While this may not apply to everybody, it is a sample of information required.)

Income

  • PAYG Annual Summary (group certificate)
  • Dividends
  • Rental Property Info
  • Bank Interest Details
  • Bank Account Information
  • Managed Funds Annual Statements

Deductions

  • Motor vehicle
  • Protective clothing
  • Union fees
  • Donations
  • Work related expenses

Private Health Insurance Details

 

Can we deduct our fees from the clients refund?

Yes, if the client is expecting a refund we can deduct the fees for convenience & pay the balance to the client’s nominated account

 

Can you claim accounting fees?

All accounting fees are 100% tax deductable

 

How long does it take for my refund to come back/ Notice Of Assessment?

Usually takes about 10-14 days with the ATO, although they have up to 30 days to process

 

How long will it take to complete end of year work?

Elliott Accounting endeavours to guarantee if we have all the relevant information we can complete your individual tax return for lodgement within 14days.

 

Setting up new clients?

Copies of financials and prior year tax returns

Personal details

 

Tax Return Due Date?

When lodging 2014-15 an individual tax return with Elliott Accounting the deadline is 15th May 2016

 

Due dates for Business Activity Statements (BAS) & Instalment Activity Statement (IAS)

Quarterly – 28th day of the month following the end of the reporting period

Monthly – 21st day of the month following the end of the reporting period

 

Sole traders, individuals with other source of income often receive IAS with PAYG instalments. Why and how is it calculated?

PAYG instalment amounts is an ATO estimated amount of your payable tax based on your last lodged tax return.

 

Log books (when, why, how and what)

  • Log books are only used for travel more than 5000 business kms per financial year.
  • No log book required for less than 5000 business kms travelled.

Log books are completed once every 5 years or 12 consecutive weeks to give you your business usage of your vehicle. That log book is valid for 5 years unless your usage changes.

 

What Industries do we specialise in?

Hospitality, Farming, Medical, Trade, Retail, Service, Manufacturing, Importing & Exporting

 

Invoice Payment Details?

Bank Account Details

Quote Invoice Number or Ref.

 

Payment Terms?

We require full payment in 14 days for individuals

 

Accepted Payment Types

Visa, MasterCard, Direct Debit, Cheque and Cash