XY TAX ACCOUNTING
FIRM

We are a qualified public accountant (IPA) professional practice, and registered tax agent. Specialised in taxation, accounting, bookkeeping and reporting. Qualified to provide long-term assistance to individuals and small businesses.

PRACTICE AREAS

PRACTICE
AREAS

Bookkeeping and Accounting

Bank reconciliations
Payroll services
Regular reporting
Accounts payable & receivable
Online bill payments
Cash flow management

Entity Setup and

Accounting software

New business entity setup including Company, Trust, and Partnership.
Accounting software advice and hosting including XERO, MYOB, QuickBooks, Reckon and etc.

Payroll

Single-touch payroll
Online payment setup
All scenarios included part-time, full-time, and casual staff
Take the stress out of payroll and be your payroll team

Taxation and

Compliance

Annual financial statements and accounts
Tax returns
Business activity statements
Capital gains
Investment
Tax planning

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OUR VISION

OUR VISION

We tailor solutions based on the specific needs of each client. Our years of experience in the industry allow us to deliver fast and accurate accounting, taxation, and bookkeeping services. We also act as a registered ASIC agent. When it comes to business name registration, deregistration of a company, preparation, and lodgement of ASIC forms, you can leave the Job to us to ensure it is done properly. We are here to help you make running your business as easy and enjoyable as possible. Whether you need assistance with tax planning or reviewing your business structure, we are here to make a difference.

Our commitment to ensure efficiency allows us to exceed client expectations. We focus on providing accurate and relevant taxation and accounting information with a belief that it empowers individuals and business owners. It would be an invaluable tool for decision making and strategic direction. And we are passionate about providing a quality service for individuals, small and medium businesses. Furthermore, we offer the usual services you would expect from an accounting firm, but we have become so much more than that. Our purpose is to help our clients build great businesses. By working with small businesses owners over many years, we have the insights and experience needed to give you more, with services that match your own vision of what comes next.

However, it is really our people who make us unique. Our accountant team have an unwavering focus on being the best they can possibly be, standing with our clients to ensure they build businesses that are the best they can possibly be. We offer a full range of professional accounting and bookkeeping services and cater to businesses in all of industries. As our bookkeeping is prepared by a public practice accounting firm and a registered tax agent, you do not need to pay to accountants and bookkeepers separately. We can do these all together and it would reduce your total cost of accounting.

Our founder, Wayne Hau is the principal accountant and tax agent at XY TAX accounting firm. He holds the tax agent licence and a professional practice certificate as a public accountant from the Institute of Public Accountants (IPA). He is also a fellow of the National Tax and Accountants' Association (NTAAF)* and holds a master’s degree in professional accounting from the Queensland University of Technology. He has years of expertise in the Australian taxation and accounting fields.

We proudly offer services in English, Mandarin and Cantonese. Learn more about what XY TAX accounting firm can do for you.

* Fellowship is the National Tax and Accountants' Association's practising certificate.

PROFESSIONAL FEES

Individual tax return with salary, interest or government allowance income (Gross income < $24,000) - $79

Individual tax return with salary, trust distribution, interest or government allowance income; and deductions calculations (Gross income > $24,000) - from $99

Work related vehicle expenses or complex deductions items - add-on from $30

Additional charges apply for capital gains calculations, rental property, managed fund, dividend, foreign income and business income

Investor tax return with rental property/shares/cryptocurrency - from $149

Additional rental property - $120 each rental property

Non-lodgment advice for individual (Lodging not necessary return to ATO) - $40 per financial year

Sole trader tax return

Turnover < $24,000 - from $129

Turnover $24,000-$50,000 - from $189

Turnover $50,000-$100,000 - from $249

Turnover $100,000-$200,000 - from $309

Company, partnership and trust tax return

Turnover $1-$200,000 - from $550

Turnover $200.000-$500,000 - from $850

Turnover $500,000-$1,000,000 - from $1,150

Turnover $1,000,000-$1,500,000 - from $1,550

Turnover $1,500,000-$2,000,000 - from $2,150

Financial report (In conjunction to tax return services) - from $400

Individual ABN application - $99 per application

GST registration - $50 per application

Non-resident TFN application - $250 per application

Departing Australia superannuation payment DASP application - from $189 per application

Business activity statement preparation and lodgement - from $165 per quarter

Discount applied to Uber drivers, tradies and taxi drivers

Annual BAS preparation and lodgement - from $250

Monthly or quarterly IAS report (Less than 10 Employees) - from $50

Business name registration - $220 including 1 year ASIC fees

ASIC Review, business and registration details change, including relevant document prepared - from $100

Business development plan, cash flow analysis, financial performance and position analysis - from $1,500

Bookkeeping and company accounting package - from $65 per week

Payroll services - from $15 per week

Bookkeeping by project basis - $60 per hour

Company registration services, including ASIC registration fees, full set of documents and accounting advice. ACN, ABN, TFN, GST and PAYG registration - $1,200

Trust registration services, including corporate trustee registration, trust deed, full legal documentation and accounting advice. ACN, ABN, TFN, GST and PAYG registration - $1700

Objection to the ATO or audit review documents preparation and communication - from $250

Capital gains withholding clearance certificate application - from $250

Accountant letter - from $250

Accountant consultation fees - $180 per session

All fees are inclusive of GST, we charge clients upfront before we start doing the services and the fees may be changed without notification in advance.

ATTORNEYS