Taxation

Taxation is not optional - But it can be managed.

"If anybody in this country doesn't minimise their tax (legally) they want their heads read because as a government I can tell you, you're not spending it that well that we should be donating extra"
— Kerry Packer, at a 1991 Senate Select Committee.

We have had an outstanding reputation with the Australian Taxation Office since 1979.

We are not afraid to tackle the Tax Office when we think they are wrong or are being unreasonable in dealing with one of the many grey areas in taxation law and administration.

At Jeffery & Associates, we recognise that everyone must meet their legal taxation obligations; no more and no less. Our job is to see that you get it right and are not placed at risk of audits or penalties.

ARE YOU A SOLE TRADER? Check out the ATO’s NEW ‘MY DEDUCTIONS' App .. “Everything can be done on your smart phone out on the Job including TAKING PHOTOS OF PAID INVOICES. The DOCKETS themselves DO NOT NEED TO BE KEPT ! How good is that?” said Bob Jeffery

JEFFERY and ASSOCIATES are endorsing the Tax Office’s new record-keeping functionality enhancements to “myDeductions”in the free Tax Office app. This free app is designed to assist sole traders who do not need or want to purchase a full bookkeeping system which often then requires considerable bookkeeping skills to write it up and do full bank reconciliations monthly to keep it in balance......“Not suitable for everyone,but for some it will be a big relief.” https://jefferycpa.com/resources/useful-links/ 0738002148
https://www.ato.gov.au/…/In-det…/myDeductions/myDeductions/…

sam and ben

Sam is a security officer who uses a highly trained dog at work, and tried to claim all the legitimate expenses . The Taxation office disallowed the lot and hit Sam with penalties and interest. Sam was referred to Jasmine Law, an accountant with Jeffery and Associates, who objected to the unfair tax assessments and has been successful in getting all penalties and interest lifted and in having most of the work deductions for both years allowed in full.

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We provide advice on various legal tax minimisation strategies including:

  • Negative gearing property investments
  • Negative gearing share portfolio
  • Salary sacrifice
  • Transition to retirement pensions
  • Superannuation contributions
  • Self managed superannuation funds
  • Appropriate profit distribution to family
  • Discretionary family trusts
  • Partnerships
  • Incorporation
  • Deferring income
  • Bringing forward deductions
  • Using small business cash basis concessions
  • Using all appropriate capital gains concessions