At Suttie Financial Group we know how busy your life can be working from 9-5.
During tax time, we work outside business hours on nights and weekends to find a time that’s right for you.
Our team can advise and assist you with basic bookkeeping requirements for the types of accounting software available. SFG offers regular training to ensure clients can competently input and reconcile data in their accounting systems.
Apart from preparing tax returns we also provide specialist advice on capital gains tax, GST, FBT and various other taxes. Our staff have a wealth of experience and knowledge in providing quality advice and are here to answer all your questions.
So whether you are an individual or a small business we have you covered.
You may be an individual, or a business person financially planning on retiring, restructuring, expanding overseas or perhaps admitting new ownership or funding. All these significant financial decisions in your life and in your business can make or break your future. Tax advisory and other financial planning are crucial to ensure your profits are maximised.
For clients commencing a business, we provide advice on:
For established businesses, SFG can assist with conducting:
Naturally, if you are looking to sell your business SFG can assist you by exploring how you can maximise the selling price of your business and present all your options to legally minimise any tax on the sale.
Please note the following:
The above rates do not include the Medicare levy of 2%.
The above rates include changes announced in the 2018-19 Federal Budget.
For previous resident tax rates visit the ATO website for more information
Tax on this income
0 – $18,200
$18,201 – $37,000
19c for each $1 over $18,200
$37,001 – $90,000
$3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000
$20,797 plus 37c for each $1 over $90,000
$180,001 and over
$54,097 plus 45c for each $1 over $180,000
Most people need to lodge a tax return each year. This will depend on your age, situation, income and expenses. A tax return must be lodged if you:
Residency for tax purposes is different from immigration residency, so you’ll have to make a fresh determination when you do your taxes. Even if you are the citizen of a foreign country, you may, in fact, qualify as an Australian resident for tax purposes.
If you’re a foreign resident for tax purposes, you must declare on your tax return any income earned in Australia, including:
You may also need to lodge a return or non-lodgement advice if you have a HELP (Higher Education Loan Program) or TSL (Trade Support Loan) debt.
If you’re an Australian resident for tax purposes, you generally have to declare all income you earned both in Australia and internationally on your Australian tax return.
There are a couple of different tests the ATO uses to assess whether an individual is an Australian resident. This includes:
There are several methods that you can use to minimise your accounting fees. Here are our top 5 suggestions:
The simple answer is that there is no “best” way. Most people hate that answer. However, it is true.
There are two factors to consider:
The second is perhaps more vital to the first. That’s because there are some systems available.
For example, if you’re the sort of person that hates computers, there’s no point in using a computer-based system unless you are willing to change. If you hate filing, then a paperwork-intensive system will only demotivate you.
It is essential that you discuss your options us if unsure
This question is more complicated than many people think. So that is why we strongly recommend you contact us or arrange a meeting to discuss in detail.
Here are some important factors to consider:
Over the last few years, the Australian Taxation Office (ATO) processed 90% of all returns from tax agents within 14 working days (Mondays – Fridays). Some delays can be experienced with data matching between the ATO, Centrelink and other government agencies. If you haven’t received your refund within 21 days, contact us, and we should be able to check for you.