With proven experience in taxation, accounting, and business advisory services, Optax supports clients beyond basic compliance. Our approach focuses on providing practical insights that improve cash flow, support sustainable growth, and help manage financial risk.
We deliver tailored taxation services designed to ensure accurate compliance, effective tax planning, and smooth, stress-free lodgements for individuals and businesses.
We provide accurate bookkeeping services to keep your financial records organised, up to date, and fully compliant with reporting requirements throughout the financial year.
We offer professional company secretarial services to ensure statutory compliance, accurate record-keeping, and timely lodgements with relevant regulatory authorities.
We provide Single Touch Payroll services to ensure accurate payroll reporting, timely submissions, and full compliance with ATO requirements.
We provide practical business software training to help you confidently use accounting systems, improve efficiency, and manage your finances effectively.
We provide registered ASIC agent services to manage company registrations, updates, and compliance lodgements accurately and on time.
Managing tax as a student can be straightforward. We help you lodge correctly, claim deductions, stay compliant, and avoid future ATO issues.
If you earn through rideshare or delivery platforms, we help you lodge correctly, claim deductions, stay compliant, and manage your tax efficiently.
Running a courier business requires careful tax and ASIC compliance. We help you lodge correctly, claim deductions, stay compliant, and keep your business running smoothly.
Our team offers expert knowledge in taxation, accounting, and compliance for accurate, reliable financial management.
We provide customised advice and proactive solutions designed to meet your specific business and personal goals.
We streamline processes, manage details, and communicate clearly, letting you focus on your business stress-free.
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Generally, the cost of buying and maintaining regular work attire is not tax-deductible, even if it's for professional appearances. However, specific industries may have different rules.
Unfortunately, the daily coffee fix doesn't qualify as a tax-deductible
While Netflix can be a great source of educational content, the subscription fee itself is considered a personal expense and not tax-deductible.
The cost of private school education for your child is considered a personal expense and not tax-deductible.
Meeting potential clients while on vacation doesn't automatically make the entire trip a business expense. Only the expenses directly related to the business meetings, such as meals or transportation, may be deductible.
At Optax, we understand that selecting the right business structure is a critical decision, influenced by factors like liability, taxation, and compliance. We don't believe in a one-size-fits-all approach. Our expert team will meticulously assess your unique circumstances, considering your personal liability concerns, tax implications, and your aspirations for future growth.
At Optax, we recognize that navigating GST compliance can be complex. It encompasses essential steps such as registering for GST, correctly applying GST to eligible sales, consistently lodging Business Activity Statements (BAS), and remitting collected GST to the Australian Taxation Office (ATO). Our dedicated team is here to simplify this process for you. We will provide comprehensive assistance in understanding and fulfilling all your GST obligations, ensuring meticulous record-keeping and the timely lodgement of your BAS statements, so you can focus on your core business with peace of mind.
Individual tax rates in are progressive, meaning they increase as income rises. There are income brackets set by ATO to determine the correct tax rate of any individual depending on their taxable income. There are other factors as well which may affect tax rates and net tax liability.
At Optax, we often receive questions regarding the tax deductibility of personal fitness expenses, such as gym memberships. It's important to understand that, generally, these expenses are not tax-deductible. However, there's a key exception: if your profession has a direct and essential requirement for physical fitness – for instance, if you are a professional athlete – then these costs may be considered deductible. We can help you assess your specific situation to determine eligibility.
At Optax, we understand that effective payroll management is crucial for any business. It involves a multifaceted approach: maintaining accurate employee records, thoroughly understanding all tax obligations, staying abreast of current minimum wage rates, and leveraging reliable payroll software. Furthermore, it's essential to regularly review and comply with your superannuation requirements for all employees. We are here to simplify this complex process, ensuring your payroll is managed efficiently, accurately, and in full compliance with all regulations.
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