DRD Tax Advisors

DRD Tax Advisors At DRD Tax Advisors, we provide tax compliance, advisory and consulting services.

Bachelor of Arts (Double Major)
CPA
Masters in Taxation (USyd)
Registered Tax Agent
Over 15 years of experience with Big 4 firms in tax consulting, compliance and advisory services

The ATO has achieved a remarkable feat, recouping and distributing $683.8 million in superannuation entitlements for the...
25/11/2023

The ATO has achieved a remarkable feat, recouping and distributing $683.8 million in superannuation entitlements for the 2022-23 fiscal year. Discover the details behind over $1.3 billion in super guarantee (SG) charge liabilities revealed through SG disclosures and ATO compliance action.

This shows that the ATO is active and trying to bridge gap in superannuation collection. It is therefore imperative that the employers review their superannuation compliance to ensure that all their obligations are up to date.

Contact us for further details.

Australia's crypto enthusiasts, this one's for you! 🪙Cryptocurrency investments are skyrocketing, and while they can be ...
21/11/2023

Australia's crypto enthusiasts, this one's for you! 🪙

Cryptocurrency investments are skyrocketing, and while they can be a financial adventure, navigating the tax landscape can feel like uncharted territory. But here's the exciting part: there are incredible tax-saving schemes customized just for YOU. 💡

💰 Ready to make your crypto assets work even harder for you? From capital gains discounts to ingenious strategies for offsetting losses, we've got your crypto taxes covered.

Get ready to ride the wave of financial empowerment. Explore your crypto tax-saving opportunities and start maximizing your gains today.

Launching your dream business? 🚀 It's an exciting journey, but the tax aspect can be overwhelming. That's where we come ...
04/11/2023

Launching your dream business? 🚀 It's an exciting journey, but the tax aspect can be overwhelming. That's where we come in – to simplify your tax matters, maximize your savings, and ensure compliance.

Our team of tax experts specializes in helping startups like yours hit the ground running. We'll work closely with you to craft a personalized tax strategy that aligns with your business goals, making sure you're poised for long-term success.

Don't let tax complexities hold you back. Get ready to embark on your entrepreneurial adventure with confidence and financial wisdom. Let's turn your dream into a thriving reality!

Unlock Tax Offsets in Australia: Your secret to reducing tax liabilities and keeping more money in your pocket! Discover...
04/11/2023

Unlock Tax Offsets in Australia: Your secret to reducing tax liabilities and keeping more money in your pocket! Discover how these powerful tools can work for you, providing valuable relief and financial benefits. Stay tuned for key insights and strategies to optimize your tax situation.

Have you still not lodged your tax return yet? Let DRD Tax Advisors assist with filing your tax return so we can maximis...
08/10/2023

Have you still not lodged your tax return yet? Let DRD Tax Advisors assist with filing your tax return so we can maximise your tax refund!

Despite moving away from Australia, expats still need to consider Australian tax rules. Even if you earn no Australian i...
28/08/2023

Despite moving away from Australia, expats still need to consider Australian tax rules. Even if you earn no Australian income, if you’re an Australian citizen with an Australian tax file number, ATO will expect a tax return from you. Your tax obligations don’t end just because you have left the country.

Likewise, expatriates who come to work in Australia need to consider the Australian tax obligations as well the tax obligations they may have in their home countries.

We are here to help. Manage your Australian tax obligations accurately and efficiently.

Are you still using your ABN?Your ABN may be flagged for cancellation if you haven’t reported business activity in your ...
07/08/2023

Are you still using your ABN?

Your ABN may be flagged for cancellation if you haven’t reported business activity in your tax return, or there are no signs of business activity in other lodgments or third-party information.

If the ATO identifies your ABN as inactive, they will contact you by email, letter or SMS.

If you:

- still require your ABN, ATO will explain what you need to do to keep it
- are no longer in business, no action is required. ATO will cancel your ABN.

Get in touch today if you have any questions

If you're an overseas student and enrolled to study in Australia in a course that lasts for 6 months or more, you may be...
03/08/2023

If you're an overseas student and enrolled to study in Australia in a course that lasts for 6 months or more, you may be regarded as an Australian resident for tax purposes. Generally, if you are an Australian resident you need to declare all income you've earned both in Australia and overseas on your Australian tax return. This means:

1. you pay tax on your earnings at the same rate as other residents

2. you're entitled to the benefits of the Australian tax system, such as
- the tax-free threshold (or part of it, if you're here for only part of the financial year)
- tax offsets
- generally lower tax rates than a foreign resident.

Get in touch with DRD Tax Advisors if you need help with your Australian taxes. We know that it could be complex but our expertise will sure assist you!

You need to lodge a tax return if you carried on a business, even if your business hasn't earnt any income. There’s no t...
25/07/2023

You need to lodge a tax return if you carried on a business, even if your business hasn't earnt any income. There’s no threshold for business income, so you need to lodge an income tax return even if you only earn $1. What you need to report and how you lodge your annual tax return for your business depends on your type of business entity.

Contact us if you are a sole trader. We can help you.

You may receive a Failure to lodge (FTL) on time penalty if you have an obligation to lodge or report by a particular da...
18/07/2023

You may receive a Failure to lodge (FTL) on time penalty if you have an obligation to lodge or report by a particular date, but don't lodge by that due date. This may include, lodging your tax return, reporting PAYG instalments, GST or PAYG withholding on an activity statement by the due date.

Contact us if you need any tax related help.

DRD Tax Advisors is a registered tax agent and CPA Practice. Contact us for all your professional tax needs.
07/07/2023

DRD Tax Advisors is a registered tax agent and CPA Practice. Contact us for all your professional tax needs.

To claim a deduction for mobile phone calls and mobile internet (data), you must meet all of the following conditions:-Y...
04/07/2023

To claim a deduction for mobile phone calls and mobile internet (data), you must meet all of the following conditions:

-You must incur the cost and make the phone calls or use the data to perform your work duties.

-You must have a record of your expenses showing how you calculated your work-related phone calls and data.

You can only claim the work-related portion of your expenses as a deduction

Contact DRD Tax Advisors for more information

Address

Gledswood Hills, NSW

Telephone

+61450561778

Website

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