2021 Tax Returns

 

Tax Return 2021 lodgement time!

Let us help you navigate tax time.  Book an appointment to speak to one of our accountants.

 

 

 

 

What you need to know for your 2021 Tax Return

As COVID-19 restrictions continue to be in place and the pandemic is continuing, we are continuing with our remote delivery 2021 Tax Returns this year.  Our office is fully operational, but continues to run remotely.  So if you try to visit our office in Kent Street, you will find it closed.  We are open for business, just via our usual phone number, video conferencing (Zoom or MS Teams) and email.  Why travel to do your tax return, when you can do it from the comfort of your own home?

 

We’ve put together some handy guides and checklists to help you prepare your 2021 Tax Return information.

2021 – Items to Consider

This quick checklist provides a list of possible items you should consider to ensure your tax return is complete.  Please review the items and advise your accountant if any apply to you.

 

 

 

 

 

2021 Home Office Expenses

If you performed some of your work from your home office during the 2021 financial year, you may be able to claim a deduction for the costs you incur in running your home office, even if the room is not set aside solely for work-related purposes.

It’s important to know what you can claim and what information you must keep in order to claim a deduction.  This fact sheet gives you a general summary of what home office expenses are allowed.

Contact us to discuss your personal situation and what you can claim.

Home Offices Expenses

 

 

 

 

 

 

2021 Property Investors Deduction Guide

For property investors, a special checklist has been created to ensure you have all the required information for your tax return.

Property Investors Tax Checklist

 

 

 

 

 

 

 

Depreciation Schedules

A depreciation schedule is a report that outlines all the available tax depreciation deductions for a specific investment property.  View fact sheet here.

If you have not yet obtained a Depreciation Schedule for your property, contact us so we can assist you in obtaining one for your property.

 

Or click here to obtain a quote from Washington Brown for a Depreciation schedule for your investment property.

 

 

2021 ITR – Is it Tax Deductible Checklist

Use our Tax Deduction checklist to determine what you can claim.  Contact us if you have any specific questions to your own circumstances.   This checklist is a general guide only.

Is it tax deductible

 

 

 

 

 

 

 

 

No Payment Summary from your employer?

Payment summaries (or even the old ‘group certificate’) are now a thing of the past.  The ATO has introduced Single Touch Payroll (STP), which means that salaries and wages are reported electronically to the ATO.  You can obtain your annual income statement (new name for payment summary) from your myGov account.

To find out more information on how to setup a myGov account or to access the ATO online services, click here.

Your accountant will automatically receive your income details from the ATO pre-fill, so you don’t need to worry about providing that information.

 

If you have have any questions about what you can claim or what you need to provide for your tax return, please phone our office on 02 9267 1688 or email us at admin@gockcpa.com.au.  We are happy to help you out.