Tax Matters

A monthly update from local accountants, TaxArana

Christmas Hamper Drive Begins!
Christmas is a wonderful time of year to catch up with family and friends; but it can also be one of the most financially stressful times for many people.
TaxArana, who partners with Picabeen Community Centre, is once again one of the official drop off points for the Christmas Hamper Drive.
If you have any non-perishable food items and Christmas-type treats, you can bring them to the TaxArana office on the corner of Dawson Parade and Glenlee St during office opening hours (9am-5pm).  Whether this is donated directly from your pantry, or if you purchase a few extra items next time you go shopping, please bring your donations to the TaxArana office.
The Hills Community Breakfast Club: Every Tuesday 6:30am – 8am
This free breakfast collaboration between TaxArana, Picabeen Community Centre and the Older Women’s Network (OWNQ) on Tuesdays at 6:30am – 8am.
Many thanks to who have donated so far we all really appreciate your kind gestures.
Overdue Tax Returns?
If you haven’t submitted a tax return from last year, or the last several, make an appointment to come in and see us so we can help you out.  We understand that preparing your tax can be stressful – but we love it!  It’s what we do, and why we do it.  Pop in to the office, we will give you a checklist of ‘paperwork’ that will help you keep track of what information you will need to start gathering for your appointment.  Book in today … you never know, you may even receive a refund in time for Christmas!
Do you ‘Airbnb‘ a property? Reminder to declare ALL income! 
The ATO have declared they have the names of 4500 people they will be auditing due to ‘high risk’ and what looks to be undeclared income from rental properties. It’s so important to declare all income streams when you are submitting your tax return.  All income, means includes transactions from ‘side businesses’ such as Ebay, GumTree, Uber (all share ride businesses), weekend markets and Airbnb properties – even if it is a room in your own house.
TaxArana is located on 2 Glenlee Street, Arana Hills
Call 07 3351 6111 or email info@taxarana.com.au for more information

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