Frequently Asked Questions
Tap into a wealth of knowledge to help you achieve your financial goals.
Read on below to see the answers to some frequently asked questions about Wealth Creation Accountants and other finance related queries. Questions answered are listed below,
How much do you charge?
Our fee for tax return preparation depends upon the complexity of income and deductions involved. We accept all forms of payment at the time of preparation or we can deduct the fee from your refund. See our fee schedule for an estimate of what it will cost. The fee is tax deductible in the year paid.
What hours are your offices open during the year?
1 July to 31 December – Our Merriwa office is openMonday to Friday from 9am to 8pm and Saturdays from 9am to 3pm. Our Osbourne Park office is open Mon – Wed 9.30am – 7.30pm.
18 January to 30 June – Merriwa Office will be open from 9am to 5pm from Monday to Thursday and closed Fridays. Osbourne Park office will be open on Monday only 9.30am to 5pm. We are flexible and if you can only make it on a different day or time, please call our Merriwa office and speak to the manager.
Do I have to lodge a tax return?
Some individuals do not need to lodge a tax return. Each person’s situation will differ due to age, income and expenses. Ring one our staff at Wealth Creation Accountants and we can help you determine whether or not you need to lodge a tax return.
I am presently living overseas. How can I prepare my Australian tax return?
We have experts in the preparation of Australian tax returns where the client is living overseas or has income or assets in other countries.
I am leaving to go overseas before I receive my Payment Summary. How can I prepare my Australian tax return?
All we need is your information that you normally provide when preparing your tax and when the Payment Summary arrives we can complete the return via correspondence.
I have a ‘Working Visa’. What do I need in order to work in Australia?
How much can I claim if I buy a computer?
How much can I claim on my motor vehicle?
How much can I claim for my wife and my children?
Can I claim my work uniform as a tax deduction?
I’m not planning on retiring any time soon – why do I need a financial planner?
The advice of a professional financial planner can be critical in helping you achieve your financial goals by developing a strategy that will work for you.
Can my financial planning strategy be reviewed?
Can I have your fee taken from my refund?
We can deduct the Wealth Creation Accountants fee from the ATO refund and have the net funds deposited directly into your bank account or sent by cheque. With dealing with the ATO cheque, the possibility of reduced refund by the ATO for unpaid child support, overpaid Centrelink charges, unpaid HECS fees together with the costs spent in processing, an additional fee will be charged of $55.
Can you prepare multiple years returns at the same time?
Can I claim any deductions if I have no receipts?
Can I claim travel for my work?
I have received a dividend statement, do I need to declare this as income?
Will I be penalised for lodging my return late?
Do I get all my tax back if I only work a few months of the financial year?
What deductions can I claim if I’m studying?
I received money from the Government during the year, do I include it in my tax return?
What forms do I need to fill in for an employer?
What is your fee policy?
Personal attention from our Qualified Accountants.
Final checking, recording and lodgement of your return.
All year advice about your return.
Our fees are fully tax deductible in the year paid.
What can a financial planner help me with?
They can help you with budgeting, saving versus investing, minimising tax, superannuation, retirement planning and a range of financial planning tools.
A financial planner can help you with different investment strategies for different circumstances, such as:
- Managing your investments tax effectively.
- Saving for a home .
- Financing a Home.
- Planning for the costs of marriage and the benefits of combined income and savings .
- Making your income go further by investing wisely .
- Structuring your assets in the most effective way.
- Planning for the birth of children and the loss of a regular salary whilst on maternity leave .
- Making the most of your superannuation .
- Planning your finances following a redundancy or when changing jobs .
- Making the most of a financial windfall, such as an inheritance or a maturing term deposit .
- Maximising your eligibility for government benefits .
- Planning the retirement lifestyle you want.