No jargon, no confusion. Just straight answers to the most common tax questions we hear.
You don't legally need one — but most people who use a tax agent get a better outcome. We know every deduction, we're up to date with ATO rules, and we're responsible for the accuracy of your return.
The standard deadline for self-lodging is 31 October. If you use a registered tax agent like YSE Finance, you generally have until 15 May of the following year.
Absolutely. Lawrence is fluent in both English and Mandarin Chinese. You can communicate entirely in Mandarin if that's more comfortable for you.
The basics: your TFN, payment summaries, bank interest statements, and work-related expense receipts. We'll give you a tailored checklist when you book.
Common deductions: uniforms, tools, home office expenses, phone/internet, professional development, union fees, and travel between work sites.
Yes — all income must be declared. The good news is related expenses can often be claimed. The ATO has extensive data-matching and will detect undeclared income.
BAS reports GST, PAYG withholding and other obligations. Most small businesses lodge quarterly — due 28 October, 28 February, 28 April, and 28 July.
It depends on income, liability concerns, and growth plans. We can run through the numbers for your specific situation — book a free consultation.
Negative gearing is when rental costs exceed rental income. The loss offsets your other income (e.g. salary), reducing your overall tax bill. A legal and common strategy in Australia.
Usually no — your main residence is generally exempt. Exceptions apply if you rented it out, used it for business, or it wasn't your main residence the whole time.
Yes. The ATO treats crypto as a CGT asset. Selling, trading or using crypto can all trigger tax. Hold for 12+ months and you may get the 50% CGT discount.
Pricing depends on complexity. We always provide a clear, upfront quote before starting. Book a free consultation and we'll tell you exactly what's involved and what it will cost.
Absolutely — switching is straightforward. We handle the transfer and notify the ATO on your behalf. You don't need to wait until the end of the financial year.
Everything can be done remotely — email, phone, or video call. We have clients all across Sydney and Australia. In-person meetings can also be arranged.
Book a free 15-minute consultation — no obligation, no jargon. We'll answer everything.