FREQUENTLY ASKED QUESTIONS

What accounting software I should use?

Xero makes record keeping simple.

Xero is one of the most innovative cloud-based accounting packages on the market. ... And because the software is cloud-based, your accounting system will always be up to date.

Number Nerds is a Xero only practice.

What is the difference between bookkeeping and Tax accounting?

Accounting is a much broader field than bookkeeping. ... Tax accountants like myself can create reports, offer advice and recommendations, prepare tax returns, and provide a consulting service, whereas bookkeeping is concerned primarily with recording data.

$0 to $18,200 - Nil

$18,201 to $45,000 - 19c for each $1 over $18,200

$45,001 to $120,000 - $5,092 plus 32.5c for each $1 over $45,000

$120,001 to $180,000 - $29,467 plus 37c for each $1 over $120,000

$180,001 and over - $51,667 plus 45c for each $1 over $180,000

Can I lodge multiple years of tax returns at one time?

Yes, here a Number Nerds we specialize in multiple returns. Relax while we do your tax!

How long should I keep my tax records?

5 years.

What tax’s rate do I pay?