All quoted prices are inclusive of GST
We charge fees for Individual Tax Returns on a modular basis. For most basic tax returns (for example with employment income and employment deductions) the fee is a flat rate of $220. For every additional tax schedule that needs preparing we charge an additional $165. For example:
We charge $165 per rental property that need including on the tax return. If you own a property jointly with a spouse or family member we will only charge for the rental schedule once. Either fully charged to one taxpayer or split equally between the property owners.
We charge $165 per ABN business schedule that needs preparing. This does not include bookkeeping, you will need to provide us with details of your income and expenditure or access to your online bookkeeping such as Xero.
If you have sold capital assets such as rental/second property, shares or crypto currency. We charge $165 per capital gain that has been made during the year that requires analysis and calculations.
If your business has more than one service required such as Bookkeeping, BAS, FBT, Payroll and Superannuation we strongly recommend you bundle your needs into an annual service agreement. This will enable you to spread the annual cost of services into one manageable monthly payment. If you would like to do so please click the contact us page and request a meeting.
We have curated a list of the most common questions that we get asked.
We have prepared a helpful Excel Template for you to record your rental income and expenditure in here to help make sure you don't miss anything.
If you use a letting agent they will likely provide you with an annual summary of rental income vs expenses. Providing this to us along with the Excel template can assist us in the preparation of the schedule.
There is additional helpful information on the ATO website regarding Rental Income and Expenditures here.
The best practice is for you to keep copies of all the documents regarding the purchase of a property, the sale of the property, capital improvement costs and all costs related to the previously mentioned items. In short we need the following:
Sale Proceeds – Date of Sale
Costs related to the sale – Legal & Advertising costs and Sales Commission
Purchase Cost – Date of Purchase/Probate value if inherited.
Costs related to purchase – Legal & Advertising costs and Sales Commission
Other Capital Expenditures
The best practice is for you to keep records of all purchases of shares, sales of shares and if applicable details of dividend reinvestment transactions.
If you use a share broker such as CommSec then you should receive an annual portfolio report which details all transactions for the year. Please keep these and provide them to us each year even if you do not sell any shares.
You should receive a income/gains annual activity report from your digital wallet. Please provide us with this each year even if you are unsure if you have made any trades.
Prices can vary depending on your needs. We charge the following fees which cover the cost of formation charged by ASIC and include us registering the new entity for an ABN, TFN & Tax registrations such as GST where necessary. The fees are currently:
$1,100 for a Pty Ltd
$660 for a Trust
$990 for a Corporate Trustee
$1,650 for an SMSF and a Corporate Trustee.
Please fill in the New Company Formation Form by clicking here and make an appointment on the contact us page.
You should keep your taxation paperwork for 5 years after the year it relates to. Part of our tax return preparation work and digital signature request process ensures you will be sent a signed copy of your tax return once you have approved it. Please keep this safe in your records.
02 4380 8279
hello@omwaccountancy.com.au
The Foundry | 1 / 86 Mann Street GOSFORD NSW 2250
Practice Hours | Monday - Friday | 9am - 5pm | Outside business hours appointments by arrangement.
Copyright © 2025 OMW Accountancy Pty Ltd, All rights reserved.
