A new client came to our firm after not lodging his tax returns for the previous 12 years. He couldn’t find all the necessary paperwork relating to each year, particularly the older years. We were able to retrieve some of these records from previous employers and other sources. We could then complete these overdue returns. Initially the ATO charged the …
Property Loan
A local family had been at our practice for a few years. Over this time they had paid a significant amount off their first investment property and were ready to buy their second rental property. These clients had decided where to buy, but were unsure which bank would be best for them, or how to structure their loans. They were …
Unclaimed tax deductions
A new couple came to our practice soon after moving to Hedland. When preparing their tax returns we realised they had not claimed all the available deductions relating to their rental property in their previous year’s tax returns. We were able to contact the ATO explaining that previous year’s tax returns had omitted certain rental property expenses, and that the …