Articles
Getting '2025 Tax Return Ready!'
Author: Duncan Warnock CPA | July, 2025
Get 'Tax Return Ready' for your 2025 Tax Return by reading our article on typical new customer onboarding steps and key tax return info gathering areas for employees plus typical additional info gathering steps if other circumstances apply?
Typical additional info gathering steps that may also apply?
- Sole Trader ABN income & expenses
- Rental Property income & expenses
- Sale of investments (ie property, shares, crypto, managed funds etc)
- Investment income (ie share dividends, managed fund income, crypto etc)
Franked Dividend impacts to Taxable Income
Author: Duncan Warnock CPA | June, 2025
When a taxpayer receives a dividend from a company it can be franked, unfranked or a mixture of both. Franking credits arise for shareholders when certain Australian-resident companies pay income tax on their taxable income and distribute their after-tax profits by way of franked dividends. These franked dividends have franking credits attached. This article will illustrate 3 alternative comparison scenarios to illustrate how taxable income & tax credits are impacted when franked dividends are received vs not received.
Teacher Tax Deductions
Author: Duncan Warnock CPA | May, 2025
If you work as a teacher then there are teacher specific as well as general tax deductions that you might be entitled to that you are not aware of. As a father of 2 school children I really admire the expertise, effort and patience of school teachers. I love to help teachers with their annual tax return to ensure they get the opportunity to claim all the tax deductions that you are entitled to.
Business Tips for Sole Traders
Author: Duncan Warnock CPA | April, 2025
Even if you know that you are running your business as a Sole Trader (also referred to as ‘sole proprietorship') you might not really know 'What is a Sole Trader?' Warnock Accounting look after a large number of Sole Traders in the inner western suburbs (Maribyrnong, Ascot vale, West Footscray, East Keilor etc.) of Melbourne as well as other parts of Victoria. Read on for useful tips relevant for Sole Traders.
Business Expense Recording
Duncan Warnock CPA | November, 2024
If you are a Maribyrnong Business owner and not using accounting software to record & allocate your business expenses then you may be unsure about how to group or categorise your business expenses into logical categories. We are here to help. Read on for more information.
5 tax tips for a residential investment property
Author: Duncan Warnock CPA | December, 2024
Whether you are considering buying an investment property or already own one it is very beneficial to understand the tax impications of owning an investment property.
Click here to view full article that provides 5 important tax tips for owning a property investment.
Rental Property Schedule for Tax Return
Author: Duncan Warnock CPA | August, 2024
Looking for a convenient way to submit your rental property income & expenses for your tax return?
SORTED ! - Please complete the form below to submit rental property information to Warnock Accounting for the purpose of Warnock Accounting preparing your Income Tax Return.
Online GST Registration Request
Author: Duncan Warnock CPA | September, 2022
As a business owner you need to register for GST if your annual turnover is greater than $75,000. Click on the link to request help in getting your GST Registration completed ASAP.