Property Tax Accounting

Our team of property accountants can advise you on all matters in tax when it comes to purchasing, selling and income tax on your investment property.

Investment Property Tax Return

When lodging your investment property tax return, you must ensure that you declare all income you have received and the expenses you have incurred with your investment property.

It’s important that you collate all your investment property records. If you use a property manager, you will receive an annual tax statement detailing all income and expenses.

Investment property income may include:

  • Rent received from tenants
  • Rental bond returns
  • Insurance payouts


Investment Property Tax Deductions

Immediate investment property tax deductions can generally claim for expenses concerning the maintenance and management of your property, including interest on loans.

Below are some examples of tax deductions you can claim on your investment property:

  • Advertising for tenants
  • Body corporate/strata fees
  • Council rates
  • Utilities
  • Insurance
  • Interest on loans
  • Legal expenses
  • Pest control
  • Repairs and maintenance (through depreciation)
  • Accounting fees
  • Gardening and lawn mowing
  • Bank charges
  • Property agent fees and commission
  • Cleaning
  • Quantity surveyor’s fees
  • Postage
  • Telephone charges
  • Capital works and improvements (through depreciation)
  • Land tax

Often, you may negatively gear your property if your expenses exceed your income on the property.


Box Advisory Services Property Tax Accounting

Box Advisory Services are property tax specialists focused on property tax accounting. With the help of Box Advisory Services, we can:

  • Afford better asset protection by assisting you in effectively structuring your investment portfolio
  • Improve cash flow on your investment property by claiming various tax deductions on expenses
  • Legally reduce tax liability with your investment properties
  • Claim on all tax deductions that you are legally permitted to
  • Gain access to our finance network to receive the lowest interest rates available
  • Help develop a future investment property strategy

At Box Advisory Services, we aim to maximise your investment property claims as well as protecting your wealth. By appropriately structuring your business, it can have significant benefits in asset protection and reducing your tax liability.

With over 13 years’ experience in property tax accounting, we have developed many bespoke strategies for our clients to benefit them and future-proof their investments in the years to come.

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Who Can Lodge Company Tax Returns?

You can either lodge your company tax return directly with the ATO or with a registered tax accountant. Registered tax agents and BAS agents are authorised by the Tax Practitioners Board to prepare and lodge tax returns on behalf of their clients. 

Using a tax professional can help ensure your company tax return is accurately prepared and lodged on time. Tax agents have a thorough understanding of tax planning and can advise on how to maximise your return.

When are Company Tax Returns Due?

If you are submitting your company tax return directly to the ATO without any prior year returns overdue, then the due date for all 30 June balancing companies is 28 February or 15 May the following year. However, it is important to note that failure to lodge on time can result in penalties from the ATO.

If you have prior year returns overdue, then the due date will be 31 October of the same year. The ATO requires company tax returns to be lodged in a timely manner and will impose late lodgement penalties if deadlines are not met.

Lodgements with registered tax agents with good on-time lodgement track records are offered later company tax return lodgement dates than the initial deadline. Using a professional tax agent can provide more time to prepare your company tax return accurately.

Why Have Us Lodge Your Company Tax Return?

Box Advisory Services are registered tax accountants (Registration: 25452828) with over 13 years of company tax return experience.

Our expert team stays up to date on the latest tax laws and ATO requirements, ensuring your company tax return is prepared correctly and on time.

We offer our clients a special lodgement program arranged with the ATO that affords a later company tax return due date. This provides extra time to gather information and review your company tax return while avoiding late lodgement penalties.

With decades of combined experience, our tax accountants can uncover tax deductions and strategies to minimise your tax liability within the law. We provide personalised tax planning and advice tailored to your unique business situation.

Awards & Accreditations

Box Advisory Services' small business accountants are proudly recognised by the following accreditations and awards

“Box AS has been outstanding to work with and has been instrumental in our business growth in the last 3 years. We have worked with other accountants and advisers in the past that will complete our accounting work but no more and do not understand our business and industry. Box AS, on the other hand, understand our goals and map out strategies for growth. They go above and beyond and come up with key issues we would never have known about.”

Hong – General Manager at Fitness Republic Group

“We first engaged Box AS for advice on the business acquisition and liaising with financiers, solicitors and the vendor. The team at Box AS is highly professional, knowledgeable, committed and hard-working. We were really happy with the initial service that we decided to continue our engagement with a month to month accounting service.”

Linda – Director at Tattoo Removal Institute Australia

“Davie and his team has helped our startup get off the ground, it has brought peace of mind knowing that the accounting side of our business can be taken care of while we can focus on our business. Being able to have him and the team contactable to ask questions about accounting best practices or other accounting related questions has allowed us to focus on providing value to our own customers.”

Rob – Director at TwoSpace

Not sure what you need help with?

Don’t worry, book a free consultation with us and we’ll help you work out your business needs