FORD McCarthy & Associates has the team you can trust for the best possible experience this tax time.

"With years of experience preparing different types of tax returns, we have a substantial knowledge base of what deductions are available," principal Bruce McCarthy said.

"We can assess the industry an individual works in and identify deductions that may otherwise be missed or possibly claimed when they should not be, thus avoiding any possible penalties and maximising refunds."

Employees who worked from home during the past financial year may be eligible to claim home office expenses, Bruce said.

"We have also seen changes to the asset depreciation methods available with the continuation of the immediate asset write-off," he said.

"Ford McCarthy & Associates can assist with selecting the most beneficial claim method for these deductions."

Ford McCarthy's experts can also help with all single-touch payroll matters.

"The low and middle income tax offset continues to be available to eligible tax payers for the 2021 financial year with a taxable income under $126,000," Bruce said.

"The offset amount you receive – a maximum of $1,080 per taxpayer -- will depend on your taxable income and the amount of tax you have paid during the year."

Branch manager/accountant Samantha Martin said clients can prepare by bringing all receipts and appropriate records, such as a vehicle logbook or hours worked from home, even if they are unsure whether the items can be claimed.

Your accountant will ensure you don't land in hot water for accidentally making incorrect claims.

The friendly, motivated, experienced and fully qualified team strives to achieve the best outcome for all clients.

"There is always someone available for an appointment in our Moonta and Yorketown offices[N1] as all staff members live locally," Samantha said.

"This further benefits our clients as, being local residents, we have an insight into how businesses in our rural area interact and operate, which our counterparts in the big smoke may not consider.

"Wherever possible, our office will always choose to use the services of our local businesses and greatly appreciate the businesses and individuals who choose to use our services, and help to keep the local economy thriving."

This tax time, contact Ford McCarthy & Associates Moonta branch on 8825 2080 and Yorketown branch on 8852 1013.

Ford McCarthy specialties

• Preparation of tax returns individual/partnership/trust/company
• Preparation of financial statements
• Preparation and audits of self-managed superannuation funds
• Business evaluation and purchases, including Form 2 preparation
• Preparation of business activity statements
• Capital gains tax calculations and tax planning
• Rural and business accounting
• Support with MYOB, Cash Flow Manager, Phoenix, Xero and Quickbooks
• Bookkeeping services
• Processing payroll and single touch payroll reporting
• Calculation and lodgement of Employer Superannuation Guarantee[N2]
• WorkCover reporting and reconciliation
• Business planning -- budget preparation, analysis and reporting
• Cash Flow Management -- monthly, quarterly and yearly profit and expense projection