Tax Return 2023 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 2023 Tax Return
Our office is fully operational, but continues to run remotely. Meetings in our office are by appointment only. If you try to visit our office in Kent Street without an appointment, you may find we are not there. 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 2023 Tax Return information.
If you have any questions, please contact us so we can assist you.
2023 Individual Tax Return – 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.
2023 – Working from Home Expenses Fact Sheet
If you performed some of your work from your home office during the 2023 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.
2023 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.
Depreciation Schedules
A depreciation schedule is a report that outlines all the available tax depreciation deductions for a specific investment property. View a fact sheet here from Washington Brown.
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.
Alternatively, you can obtain a quote for a Depreciation Schedule directly from Washington Brown, the Property Depreciation Experts.
2023 Individual Tax Return – 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.
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.