Hervey Bay Tax Solutions

Spring is here! and it's the perfect time to do some spring cleaning. 🧼

Take some time to tidy up your receipts and expenses, review your subscriptions and business costs, and check in on how your finances are tracking.

A little time spent getting your finances in order now can make the future that much easier. 💰✨

A quick reminder from Buddy: We offer a drop-in service! 😁

If your calendar is full, but you still need to lodge your tax return, this is a simple way to get it off your list in 3 steps.

Here’s how it works:

📞 Contact our team⁠
📥 Send your information and supporting documents through our secure portal⁠
🧾 We'll prepare your tax return for you⁠

Most returns are completed within 2–3 weeks⁠ and if we need any additional information, we'll contact you directly⁠.

✉️ [email protected]
📞 (07) 4334 0002

Tax time is here & there's a few things to avoid when lodging your tax return 👇 ⁠
⁠
❌️ Including incorrect work-related expenses⁠
❌️ Inflate rental property claims⁠
❌️ Fail to include entire income
⁠
Our advice? Talk to our team of professionals and we’ll make sure everything is done right for you.

✉️ [email protected]
📞 (07) 4334 0002

We take care of the accounting, so you can focus on taking care of yourself! ✨

Our experienced team is here to support you and your business all year round, helping you stay organised, informed and on track with your finances.

Looking for reliable accounting support? Get in touch with our team today!

✉️ [email protected]
📞 (07) 4334 0002

Quick fact for you! Any income protection insurance policies paid outside of super can be tax deductible.

Protecting your income is important, and income protection insurance can offer you peace of mind when life becomes unpredictable.

Want to learn more about the benefits of income protection? Contact our team through the details below. ⬇️

✉️ [email protected]
📞 (07) 4334 0002

Running a business comes with enough challenges, but don't let financial mistakes add to the stress. 💼

These are three of the most common financial mistakes we see business owners make:

1️⃣ Mixing personal and business finances
2️⃣ No planning of cash flow
3️⃣ Not learning about Tax obligations early on

The good news? They're all avoidable with the right systems and support in place.

If you're thinking about starting a small business, or you've already taken the leap and have questions about managing the financial side, we're here to help. We'll ensure you have the right foundations in place, so your business is set up for success from day one.

We have some exciting news! 💫

Introducing Hervey Bay Lending Solutions.

Whether you’re buying your first home, exploring business finance, or looking for a financial solution tailored to your goals, the team is here to help you find the right option with confidence.

With local expertise and knowledge you can trust, Hervey Bay Lending Solutions is here to help make your lending journey simple and stress-free.

You can learn more about how we can help you over on the website - https://herveybaylending.com/

And yes, Buddy will be there to help too! 🐾

Wondering when Fringe Benefits Tax applies and when it doesn't? 🤔

Understanding FBT doesn't have to be overwhelming. Our latest blog breaks down the basics, explains when FBT applies, and outlines what you need to know to help stay compliant.

🔗 The link to read is in our Bio: Fringe Benefits Tax Basics: When it Applies and When it Does Not

Do you know when you need to register for GST as a small business?

Your business needs to register if it:⁠
• Has a turnover of $75,000 or more per year⁠
• Provides taxi or ride-share services (like Uber)⁠
• Or if you want to voluntarily register to claim GST credits⁠

If you're unsure on if you need to register, our team is here to help guide you. Pop into our office or send us a message! 😁

Found yourself asking this question? 🤔

The answer isn't always straightforward. What you can claim depends on your job, circumstances, and whether your expense meets the ATO's eligibility rules.

Some common work-related deductions may include:
✔️ Vehicle and travel expenses (where eligible)
✔️ Uniforms and PPE
✔️ Tools and equipment
✔️ Working from home expenses

If you're not sure what you can claim, our team can help give you clarity. Contact us with our details below!

📞 (07) 4334 0002⁠
📧 [email protected]