Start Here  
Book your free
appointment
  • This field is for validation purposes and should be left unchanged.
Tax & Personal Accounting
Services

Tax & Personal Accounting

We focused on all tax matters related to personal and property investment. We specialise in individual tax returns, from PAYG returns to contractors and sole traders.

Book your free
appointment
  • VIC | NSW | QLD | SA | ACT | NT | TAS | WA | International

  • This field is for validation purposes and should be left unchanged.

We truly believe that tax can be done better. It’s more than just submitting your annual tax return. A great tax accountant is a trusted advisor that forms a crucial part of your property A-Team. They are able to look at your current financial position and understand where you aspire to be and provide qualified, experienced and smart tax advice to help you achieve your financial goals. 

All clients of Empower Wealth are eligible for a complimentary tax and accounting review, where one of our Tax Accountants will take an hour with you to discuss how your tax structure is looking and whether there are any opportunities for improvements.

If there is work to be done, they will take you through the advice and implementation process step by step, giving you peace of mind that you and your wealth are protected and on your way to building a wealthier tomorrow.

Frequently Asked Questions

  • What documents do I need to prepare for the Initial Consult?

    As part of the initial assessment, we aim to make it as productive as possible. As such, we’ve prepared a list of documents to prepare for our meeting here.

    You would have also noticed the time allocated for this appointment is one hour. Most initial consultations take between 45 minutes to an hour, depending on your situation. At Empower Wealth we don’t “clock watch” though — so if our meeting goes a little over, that’s more than fine. I have blocked out a bit of time on either side of your appointment.

  • What Tax Return work do we specialise in?

    Our new team is focused on all tax matters related to personal and property investment. We specialise in individual tax returns, from PAYG returns to contractors and sole traders.

  • How much will I get back?

    You might be surprised, especially if you have been working from home this year as the ATO has been allowing some deductions and also provided tax cuts with the new Federal Budget to individuals and households — your return actually might be bigger than you think.

  • How do I reduce my taxes?

    Tax is a by-product of financial success. Planning and utilising appropriate structures can certainly help minimise taxes over the investment cycle, however it should never be the principal driver behind investment decisions.

  • When do I need to lodge my Tax Return?

    The tax return deadline is October 31 each year. If you choose to engage a registered tax agent like us to complete your tax return, you will be eligible for an extended tax return deadline.

    If you have a refund, you are best to do your tax return as soon as practically possible, as any refund can go straight into your offset or savings account.

    However, if you are anticipating having to pay tax this year, you can actually delay your pending tax payment into the new year as long as you do your tax return via a registered tax agent. And we’d love to help you do that! Get in touch with us today and our tax accountant can arrange the extension on your behalf. Otherwise, you have to pay by the deadline.

    It can get a little confusing but here are the important Key Dates for this year’s tax returns:

    • If you don’t currently have a tax agent your deadline for your Individual Tax Return most likely is 31st Oct 2021
    • If one or more prior year tax returns were outstanding as at 30 June 2021 your deadline for Individual Tax Return most likely is 31st Oct 2021
    • If you do have a registered Tax Agent…
      • and your returns are up to date as at 30 June 2021 your deadline most likely is 16th May 2022
      • and your latest return resulted in a tax liability of $20,000 or more your deadline most likely is 31st Mar 2022
      • and are thinking of switching your Tax Agent to us your deadline to change Tax Agents is the 16th Dec 2021

     

  • How do the fees work?

    Our Tax & Personal Accounting business works on a professional fee for service basis. During your appointment, we will assess your tax return needs and advise you on the level of work we need to perform for you. A Letter of Engagement will be sent to you for your approval and will outline the fees applicable. We’d like to think our fees are competitive and are great value for money. We also do special offers for pensioners and full-time students.

All Articles

Tax & Personal Accounting Articles

Connect with Empower Wealth:
Get in the know - Subscribe to our Newsletter