Find Answers to Your Questions Here
Common questions about tax returns, accounting, bookkeeping, and superannuation. If your question is not answered here, call Vicki directly on 0402 408 267.
FAQs
Find Answers to Your Questions Here
How do I get started with Vicki Taylor Accounting?
Simply call Vicki on 0402 408 267 or send an email to vmtaylor1865@gmail.com to arrange an initial consultation. We will discuss your personal or business accounting needs and explain how we can help. There is no obligation, and we are always happy to answer a quick question over the phone.
What records do I need to bring for my tax return?
For a personal tax return, you will generally need your PAYG payment summary or income statements, details of any other income including interest, dividends, or rental income, receipts for any work-related deductions you are claiming, and your private health insurance statement if applicable. For business tax returns, you will also need your financial records for the year. Contact Vicki for a checklist specific to your situation.
When do I need to lodge my tax return in Australia?
Individual tax returns are generally due by 31 October each year if you are lodging yourself. If you are using a registered tax agent like Vicki Taylor Accounting, you may be eligible for an extended lodgement deadline. Business tax returns and BAS lodgements have specific due dates depending on your reporting period. It is always best to contact us early to confirm your deadlines.
Do you help with BAS lodgements?
Yes. Business Activity Statements are a requirement for most GST-registered businesses and must be lodged with the ATO on a quarterly or monthly basis. Vicki Taylor Accounting prepares and lodges BAS on behalf of small business clients, ensuring accuracy and compliance with ATO requirements.
How often should I have my bookkeeping done?
Ideally, bookkeeping should be done regularly throughout the year rather than left until tax time. Monthly or quarterly bookkeeping keeps your financial records current, makes BAS lodgement straightforward, and gives you a clear picture of how your business is performing. Leaving it until the end of the year creates unnecessary work, increases the risk of errors, and makes it harder to make good financial decisions throughout the year.
What is the difference between a tax agent and an accountant?
A registered tax agent is authorised by the Tax Practitioners Board to prepare and lodge tax returns and provide tax advice on behalf of clients. An accountant is a broader term for someone who handles financial records, reports, and analysis. Vicki Taylor Accounting provides both tax agent services — lodging returns and BAS on your behalf — and accounting services including bookkeeping, financial reporting, and business advice.
What does it cost to have my tax return done?
Fees vary depending on the complexity of your tax return and the services required. Vicki Taylor Accounting provides transparent, straightforward pricing and is always happy to discuss fees before any work begins. Contact Vicki directly to discuss your situation and get a clear indication of likely costs.
How do I keep better records throughout the year?
The key to good record-keeping is consistency. Keep all receipts, invoices, and financial documents organised throughout the year — either physically or digitally. Use a dedicated bank account for business transactions if you are self-employed, and record your income and expenses regularly rather than letting them accumulate. Accounting software like Xero, MYOB, or QuickBooks can help significantly. Vicki can advise you on the best approach for your situation.