.png)
Expert advice to help you maximise your tax refund
As taxation specialists, we are here to make tax simple. We currently have two convenient locations across Adelaide and are always available to provide support and guidance.
Our team will advise you as to what information is required in order to lodge a tax return, and what expenses you can claim. Feel free to contact our office for a detailed list of expenses.
No matter the industry or sector you work in, or whether you’re employed full-time, pat-time or studying, Vitas Advisory provides tax and specialist accounting services to suit your needs.
At Vitas Advisory, we are committed to minimising your personal tax liability and ensuring that you are claiming all of the deductions to which you are entitled.
Income from employment
Super, pensions and annuities
Income from investments and business
Foreign income
Government payments
Looking ahead, we also provide comprehensive tax planning services designed to ensure your optimal tax position in the future.
Our expert knowledge of the Australian taxation system means that you can be sure you are claiming all possible deductions available in your industry or profession.
Beyond preparing your annual income tax return, our specialists can also assist you with a range of other taxation and financial issues, including late lodgements or outstanding tax debts, capital gains tax, property investment, or income derived from stocks and cryptocurrencies.
You can lodge a tax return after 30 June each year, with the deadline for submission being 31 October.
However, if Vitas Advisory is registered with the ATO as your tax agent, you will generally be granted an extension beyond this date to 15 May in the year proceeding the end of the financial year.
For example, for the year ended 30 June 2025, your tax return will be due 15 May 2026, provided you are up to date with all your other years’ lodgements.
There are a number of benefits to working with Vitas Advisory, even if it seems your tax affairs are relatively uncomplicated.
The process itself is not time-consuming, and we will advise you as to the sort of documentation you require.
In the end, sitting down with one of our expert tax advisers will likely be a better use of your time than attempting to lodge your tax return online yourself.
Working with a tax specialist also removes the stress. No matter how careful or methodical you are, if you’re not familiar with ATO procedures and requirements, it is possible to slip up, meaning you might have to endure an audit or, in the worst-case scenario, fines or other penalties.
However, when you lodge your return using Vitas Advisory as your tax agent, you can be sure you are compliant with tax laws and that your return is being prepared thoroughly and accurately.
Expenses incurred as part of your work can be claimed as deductions.
This not only reduces your tax liabilities, but can lead to you receiving a refund once you lodge your tax return, meaning you have paid more tax during the year than you were liable for.
Our accountants will advise you as to the specific deductions you are entitled to claim, but as a guide these can include:
Vehicle and travel expenses
Home office expenses
Personal super contributions
Tools and equipment
Costs associated with managing your tax
There are also occupation- and industry-specific allowances and deductions that you can claim, and Vitas tax specialists can advise you on this.
Specialist accounting and tax services for anyone running a business
We can take care of all your business bookkeeping, including reconciliations, BAS reporting, GST, PAYG and Fuel Tax Credit lodgements, superannuation, payroll, Return to Work SA, TPAR and more.
We offer a range of services for setting up and operating companies and trusts, including ASIC compliance, financial reporting, cashflow, budgets and performance tracking.
Vitas Advisory supports small businesses to manage their finances with a range of services, such as ABN and GST registration, bookkeeping, BAS reporting, tax and more.
Our team of specialist business accountants provides a range of services to help your business grow and prosper.
Whether you are a startup, a sole trader, or a growing enterprise, we can assist you in managing your bookkeeping, accounting, and tax compliance, as well as provide a range of other services designed to ensure you are keeping your finances on track.
We specialise in helping small to medium businesses control cash flow, and we utilise cloud-based accounting software and real-time financial reporting to make sure you always have accurate and up-to-date information so you can plan and implement strategies for growth.
In addition, we help ensure your compliance with ATO and ASIC regulations, and can assist you in designing systems to manage your budget, resources, staff, and customers more effectively.
Most of the expenses that you incur when running a business can be claimed as a deduction.
For instance, you may be able to claim expenses associated with running a vehicle or vehicles, or business-related travel. Any expenses associated with repairs, maintenance, and replacement of assets can also be claimed.
If you work from home, a portion of your home office expenses can also be claimed as a tax deduction.
However, you need to ensure that:
The expense relates directly to earning your income
The expense is for your business, not for private use
If an expense is a mix of business and private use, only the business-use portion can be claimed
You have records to substantiate your claims
If you operate as a sole trader, you and your business are considered to be a single entity, meaning you use a single Tax File Number (TFN) and Australian Business Number (ABN).
If you operate as a company, you and the business each require a separate TFN and ABN. This means you are separate legal entities, which can be a very effective asset protection strategy.
Each of these set-ups brings advantages and disadvantages, depending on your sector, business size, employees, and other factors.
If you are unsure about whether operating as a sole trader or as a company is right for you, talk to Vitas Advisory and our specialist business accountants will be able to advise you.
Sole traders, partnerships, companies, and trusts that qualify as a small business entity can access a range of concessions.
The concessions available will depend on your aggregated turnover being less than $10 million.
These concessions include:
Simplified and accelerated depreciation
PAYG instalments concession
Simplified trading stock rules
Deductions for professional expenses for start-ups
Immediate deductions for prepaid expenses
Excise concessions
However, businesses that the ATO does not consider to be small businesses because they have turnover in excess of $10 million but less than $50 million may still be eligible for some small business entity concessions.
Your eligibility for these concessions is reviewed annually. One of our accountants will assist you to determine your eligibility and which concessions apply to you.
Professional tax negotiation and settlement services
Our extensive experience of liaising with the Australian Taxation Office means that we can get interest charges remitted when you have a valid reason to have them removed.
Vitas Advisory can negotiate a payment plan for your debt with the ATO, and work with you to help you manage your everyday finances over time.
If there are valid deductions or claims that have been missed, we can amend your previous assessment and reduce the tax debt that you owe.
At Vitas, we understand the ins and outs of tax debt legislation — as well as the anxiety and pressures that you can face when dealing with tax.
Our approach is to prevent problems arising in the first place, and by taking into account your unique circumstances we can deliver optimal outcomes for you and your business. We always aim to take a proactive rather than a reactive approach.
We can prepare an amendment for you and minimise your tax debt or, if possible, remove it altogether.
Vitas Advisory can liaise with the ATO on your behalf to set up a payment plan over a period of as long as 36 months, with an initial payment upfront.
This enables you to pay off your tax debt in smaller amounts at an affordable rate, which you can nominate.
We can work on your behalf to get these remitted, so that the only amount owing is the debt, with no interest attached.
