At Bosco Accounting, we understand the complexities that come with managing personal finances and taxation. Whether you're looking to ensure your individual tax return is filed correctly or require assistance with capital gains tax, our accountants are here to help you navigate the maze of tax regulations and obligations.
Our personal tax accountants are committed to providing tailored advice and support to help you understand your financial position. Let us take the stress out of your personal taxation matters.
For peace of mind with your tax affairs, call our accounting firms in Dapto, Warrawong and Warilla.
When you partner with Bosco Accounting, here's what you can expect:
At Bosco Accounting, we're dedicated to providing the accounting services you need to feel confident that your personal finances are accurately managed. Contact us today to book an appointment.
There are several benefits to partnering with an accountant to manage your finances. They include:
You can claim deductions for work-related expenses, self-education expenses, charitable donations and certain medical expenses. You may also claim deductions for rental property expenses, investment-related expenses and contributions to superannuation funds. Ensure to keep accurate records to support your claims.
It's recommended to keep tax-related documents for at least five years after lodging your tax return. This includes receipts, invoices, bank statements and any other records supporting your income and deductions. It's wise to retain them in case of an audit or review by the tax office.
A tax audit is an examination conducted by tax authorities to review a taxpayer's financial information and ensure compliance with tax laws. It involves scrutinising income, deductions and other financial records to verify accuracy. Audits can result in adjustments to tax liabilities, penalties or further investigation.