About Tx-Aid

With over 30 years of experience in the tax accounting industry,
Tax-Aid Guru Accounting Pty Ltd., is highly qualified
to handle your accounting & bookkeeping needs especially for tax returns.

Company Profile

Tax-Aid Guru Accounting Pty Ltd. has grown rapidly to provide outstanding tax & accounting services to thousands of satisfied clients since our establishment in 2006. Our specialised understanding and application of the tax laws, allows us, through lawful deductions, to assists our clients in reducing their tax liability and increase their tax refund without having to inconvenience them with the jargons of the trade.

With branches all over North and South of the River, at Tax-Aid Guru Accounting Pty Ltd., we offer a full range of taxation and accounting services for individuals, sole traders, partnerships, trusts, and companies. Our knowledge of the industry allows us to perform efficiently and personalise our services to deliver a stress-free journey to our clients.

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Our Belief

At Tax-Aid Guru Accounting Pty Ltd., our central focus is that each of our clients feels valued and important. This promotes confidence in knowing their tax matters receive the utmost scrutiny, maximising their potential returns. Another of our dream is that our clients feel comfortable to visit us “any time, not just at tax time”. If the client has questions or needs advice about a tax or an accounting issue, we are open and accessible all year round.

Many people find the preparation of a tax return daunting, time-consuming, and stressful, while we see this task scintillating. We know the rules and the constant changes can be confusing that’s why we are committed to recognising and communicating all of these changes to the client to effectively manage your tax matters with the least amount of stress and disruption.

At Tax-Aid Guru Accounting Pty Ltd., we’ve designed our services to make sure that our clients get fast refunds through our all-year-round tax and accounting services.

OUR SERVICES

Jargon

In today’s society, most fields of employment use specific terms and definitions most commonly known as jargons. People working within the area are quite comfortable with the words, but what about the average person? Quite often they feel inadequate, isolated, and are self-conscious of the fact that they don’t understand the terms; when a situation arises (such as tax time) when they must decipher and the deal with these terms, it is common for stress levels to increase.

At Tax-Aid Guru Accounting Pty Ltd., we believe that you are entitled to both know and understand the various terms we use, and endeavour to define them. We believe that doing this gives our clients a greater understanding and control of their tax management. We believe that this also lowers stress levels, improves confidence and comfort levels of our clients, and enhances the efficiency of our service to you.

Our clients are always our most valuable assets, and we are committed to demonstrating this in our friendly and comprehensive service. Here are some of the Jargons, simplified:

Assessable Income

Also known as taxable income. The amount of money earned throughout the financial year on which tax is payable.

BAS

Business Activity Statement. The method by which business pay their GST commitment to the government and lodge the information with the ATO.

Deduction

An amount of money resulting from the purchase of an item or an expense incurred in the field of employment that is subtracted from assessable income.

GST

Goods and Services Tax. A %-based tax payable on most goods and services of all consumers and providers.

Input Tax Credit

A refund of GST paid for business expenses.

Non-Commercial Loss

Any loss from small business activities within an annual turnover of less than $20 000.

PAYG Payment Summaries

Formerly known as Group Certificates. They show the amount of income earned throughout the financial year and how much tax has been deducted.

Rebate

Now referred to as Offsets. An amount of money subtracted from the tax already calculated.

Salary Packaging

A series of arrangements that allows employees to use some of their income prior to tax to pay for benefits thereby reducing the overall amount of tax payable and increasing the net value of income earned.

Tax File Number

A nine-digit figure used by the Australian Tax Office to identify and process information supplied by individuals and businesses.

Tax Invoice

Dated receipts detailing goods purchased and/or services provided; they normally contain the name and details of the business. Must be produced in order to claim a tax deduction.