Tax Returns

  • Individual
  • Sole Trader
  • Partnership
  • Company
  • Trust
  • SMSF
  • Capital Gains Calculations
  • Rental Properties

 

 

Based in Keilor

We service all areas including:

Keilor, Keilor Downs, St Albans, Taylors Lakes, Kealba, Keilor East, Keilor Park, Hillside, Caroline springs, Niddrie, Avondale heights

 

Business Services

  • Business Mentoring & Development
  • Budgeting and Cash Flow Forecasting
  • Incorporation/Start-Up
  • GST/PAYG
  • Bookkeeping Solutions
  • Small Business Advice
  • ATO Audits
  • ASIC Compliance
  • Financial Statements
  • Fringe Benefit Tax
  • XERO Certified Advisor

 

KT Associates providing professional and personal tax accounting services in the Keilor and Drysdale areas.

Financial Planning

  • Personal Insurance
  • Superfund & SMSF Advice
  • Pre Retirement Planning
  • Post Retirement Planning
  • Budgeting and Personal Cash Flow Management
  • Investment Management
  • Child Education Plans
  • Wealth Creation Strategies

 

 

Can’t get to our office? We are happy to conduct business via correspondence/e-mail.

We are a business that takes a genuine interest in our clients.

KT Associates are the small business experts who take time to get to know their clients and foster goodwill in the "people" aspect of their business.

News & Resources

Taxable Payments Annual Report (TPAR)

The Taxable Payments Annual Report (TPAR) is due for lodgement by the 28th of August every year. This report is now required by businesses in the following industries: building & construction industry cleaning services courier services road freight services IT services security, investigation or surveillance services You will be required to lodge this report if you paid any subcontractors during the previous financial year. If you did NOT pay subcontractors during the previous financial year, then you will need to make a non-lodgement declaration here. Failure to lodge or make a non-lodgement declaration may results in fines and reminders from the ATO. How to lodge the TPAR: Through your MyGov or ATO Business Portal account Through your bookkeeping software such as MYOB or Xero Post a paper form to the ATO...

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Tax Return Checklists

Tax Return Checklist – Individuals   Tax Return Checklist –...

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PAYG Instalments

PAYG Instalments

Are you confused by one of these letters from the ATO???   Why did you receive it? This letter is generally triggered by the lodgement of a tax return with a tax bill of more than $1,000. This tax bill is often due to positively geared investment properties and/or business profits from sole traders, trusts, or partnerships. Unlike your salary from your employer who withholds tax from your wages, the above income does not automatically have tax withheld from it during the year. This means that you’ll pay all the tax on this extra income when you lodge your tax return. Unfortunately this can often mean that you end up with a very high tax bill. Therefore, the ATO requests that in the future you pay this tax in smaller instalments leading up to the lodgement of your next tax return.   What does it mean for you? First, the ATO will send you a letter similar to the above to notify you that you are being put into the Pay As You Go Installment (PAYGI) system. The notional tax is your estimated tax bill for the next year. It will be estimated slightly higher than the tax bill from the tax return just lodged. This figure will then be broken into four quarterly payments for which the ATO will send you PAYGI notices with further details about payment. These quarterly PAYGI notices will be posted to you every three months on a pink form with details of how much to pay and where to pay it to. Alternatively, the PAYGI will be incorporated onto your BAS if you...

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KT Associates

Shop 8 Arabin Plaza, 19 Arabin Street
Keilor, Victoria, Australia
Phone: (03) 9331 6855


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