ZA Accountants & Tax Agents

Notice of Holiday Closure: Our office will be closed from 22 December to 4 January in observance of the Christmas holidays, resuming normal operations on 5 January 2026. We wish you a joyful holiday season and a Happy New Year.

Tax Time 2025? We’ve got you covered ✅
Fast, affordable & stress-free tax returns with ZA Accountants & Tax Agents
📍 61 Philip Highway, Elizabeth South SA 5112
📞 Call us now: 0426 869 767 (08) 7480 2082

We see you, employers! If you've completed your Single Touch Payroll (STP) finalisation declarations, nice one!

Don’t forget, this is an important end of year obligation for employers and it's due on 14 July.

If you haven’t finalised your employees' information through STP, now is the time to do it.

This means you can’t just copy and paste your deductions from last year 🙅

You may however be able to claim similar expenses as deductions in your new tax return.

To claim a deduction for a work-related expense, there are 3 golden rules:

1. you must have spent the money yourself, and weren’t reimbursed
2. the expense must directly relate to earning your income
3. you must have a record (usually a receipt) to prove it.

👉 If your expense was for both work and private purposes, you can only claim a deduction for the work-related portion.

𝗔𝗧𝗢 𝟯 𝗙𝗢𝗖𝗨𝗦 𝗔𝗥𝗘𝗔𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗧𝗜𝗠𝗘 𝟮𝟬𝟮𝟰

ATO 3 FOCUS AREAS FOR TAX TIME 2024

Sole Trader Vs Company

SOLE TRADER VS COMPANY When should a sole trader change business structure to a private company in Australia.