Accountants Reservoir | 
​Top Tax Accountants & 
Advisors in Reservoir

Financial accounting focuses on producing reports for external users (e.g. ATO, banks), while management accounting helps business owners make operational decisions using internal reports like KPIs, budgets, and forecasts.

Ideally both. A bookkeeper keeps your records up to date daily/weekly, while an accountant prepares reports, provides insights, and ensures tax compliance. At RBizz, we provide end-to-end services so you don’t need to manage multiple providers.

Yes. We’re certified in Xero, MYOB, and QuickBooks. We’ll set up your cloud file, customise your chart of accounts, and provide training so you can use it confidently.

Absolutely. Many of our clients are tradies, sole traders, consultants, and e-commerce sellers. We offer cost-effective bookkeeping and accounting plans designed for smaller operators.

Our packages start from $150/month for bookkeeping and $220/month for full accounting services, depending on your size and needs. We’ll provide a fixed-fee proposal upfront.

Yes, but it depends on when the property was acquired and whether you bought new or second-hand. You may still be able to claim capital works deductions even for older properties.

Yes. If you receive Airbnb or room rent, it's assessable income. You can claim partial expenses, but CGT implications may apply when you sell.

You’ll need:

• Property settlement statement
• Annual rent summary from your agent
• Loan interest statements
• Expense receipts
• Depreciation schedule (if available)

We provide a full checklist at the start of your engagement.

Absolutely. Many of our clients own 2–10+ properties and we handle their portfolios through company, trust, or SMSF structures.

Our pricing starts at $330 (incl. GST) for individual returns with one property, and scales based on complexity or additional structures (trusts/SMSFs).

Sole trader income is added to your individual tax return and taxed at marginal rates. You don’t pay company tax but can reduce tax via deductions and super.

Yes, if your annual turnover exceeds $75,000, you must register and lodge BAS. We can set this up for you.

You'll need:
- Sales or income reports (from Xero, Excel, or bank statements)
- Invoices and receipts for expenses
- Motor vehicle and home office usage details
- Previous tax return (if new to RBizz)
We offer a handy checklist to all clients.

Yes, but sole traders often miss deductions or misreport GST, leading to audits. Using a registered tax agent ensures accuracy, ATO compliance, and better outcomes.

Our sole trader tax return service starts from $440 (incl. GST) and may include BAS lodgements, bookkeeping catch-up, and business advice depending on your needs.

For the 2024–25 year:
• 25% for base rate entities (turnover < $50 million & passive income < 80%)
• 30% for all others

We determine and apply the correct rate for your company.

Yes, even non-trading companies must lodge a return or submit a “Return Not Necessary” declaration. We handle both.

Yes, director or employee wages paid from the company (with PAYG withheld and super paid) are generally deductible business expenses.

Yes, provided you meet the continuity of ownership or same business test. We help track and apply losses year to year.

Our fees start from $660 incl. GST for basic trading companies. Packages are customised based on your business complexity, bookkeeping condition, and volume of transactions.

No. A partnership doesn’t pay income tax. Each partner is taxed individually on their share.

Yes. A TFN is required to lodge the Partnership Tax Return.

Losses are divided among partners and reported in their individual tax returns, subject to rules.

Yes, but it’s advisable to use a registered tax agent for accuracy and compliance.

The ATO may impose penalties and interest, and it may affect each partner's personal tax.

Yes, but only if the company is a beneficiary named in the deed. SMSFs must meet strict SIS compliance. We’ll review your deed and structure accordingly.

Generally, the trust itself is not taxed (except in special cases like non-resident or undistributed income). Income is distributed and taxed in the hands of beneficiaries.

The trustee may be assessed at the top marginal tax rate (currently 47%). That’s why we plan and draft resolutions ahead of time for all clients.

Yes, but conditions apply. Special rules such as the pattern of distributions test or income injection test must be met. We review eligibility each year.

Our fees start from $660 incl. GST for standard trusts and vary depending on the number of beneficiaries, asset types, and business activity. We provide fixed-fee quotes upfront.

Generally, 15% on investment income, and 0% in pension phase (subject to Transfer Balance Cap). Penalty tax applies if the fund is non-compliant.

We prepare your SMSF return, but the audit must be completed by an independent registered SMSF auditor, separate from our team. We manage this entire process for you.

Late lodgement can result in:

• Administrative penalties
• Suspension or removal from the ATO's SMSF lodgement program
• Trustee disqualification in severe cases

Yes – provided they relate to running the fund and not personal financial advice. We ensure correct allocation for tax and reporting.

Our SMSF service starts at $880 incl. GST, including return preparation, financials, coordination of independent audit, and ATO lodgement. Fees vary based on asset types and transaction complexity.

Usually quarterly on the 28th of the following month, or monthly if required.

Only those registered for GST.

You may incur penalties or interest charges from the ATO.

Yes, you can revise it using a revision form or the next BAS cycle.

Yes, we are registered agents and can lodge it securely.

Individuals/businesses not registered for GST but required to report PAYG.

Usually monthly, as directed by the ATO.

Yes, through myGov or a registered tax agent.

BAS includes GST and other taxes; IAS is mainly for PAYG.

You can revise it or correct it in the next IAS period.

Tax withheld from employee wages by employers.

Tax prepayments based on your business/income projections.

Alongside BAS or via IAS, depending on registration.

Yes, you can vary them if your income fluctuates.

Yes, if you're required by the ATO based on income or wages.