Thomastown is a growing hub for small businesses, tradies, families, and individuals working across a variety of industries. Whether you’re running your own business, managing a rental property, or simply want to get your tax return done right, the support of a professional accountant can make a big difference.

Latitude Accountants supports clients across Melbourne, including those in Thomastown, by offering expert advice, tailored tax strategies, and a clear understanding of Australian tax law.

Why Thomastown Locals Work With Accountants

Navigating tax can feel overwhelming — especially if your financial situation involves more than just a standard salary. That’s why many people in Thomastown turn to a trusted accountant for help with:

• Getting the most out of their tax refund 
• Understanding work-related deductions 
• Managing income from multiple sources 
• Registering and structuring small businesses 
• Preparing for BAS and GST lodgements 
• Staying on top of ATO obligations

Common Questions From Thomastown Clients

What deductions can I claim as a sole trader?
You may be eligible to claim expenses like tools, travel, equipment, mobile phone use, home office costs and more — provided they directly relate to earning your income and you have the records to prove it.

Is GST registration required for my business?
If your annual turnover is $75,000 or more, you’re required to register for GST. If you earn under that threshold, you can still register voluntarily depending on your goals.

Can I claim accountant fees on my tax return?
Yes, fees paid to a registered tax agent for managing your tax affairs are deductible in the following financial year.

I’ve received a letter from the ATO — what now?
ATO correspondence can be confusing, but we can help explain what it means and what action (if any) you need to take. We can also help you stay compliant or deal with any late returns.

What are the tax implications of owning a rental property?
You must declare all rental income and can usually claim things like interest on loans, depreciation, repairs, and council rates.

Do I need a business structure, or should I stay a sole trader?
This depends on your risk profile, income level, and goals. We can help you understand the pros and cons of structures like companies, partnerships, or trusts.

Who We Support in Thomastown

Our clients come from all walks of life, including:

• Tradies and contractors

• Freelancers and creative professionals

• Retail and hospitality workers

• Health and wellness practitioners

• Business owners and entrepreneurs

• Property investors

• Families with complex financial needs

How Latitude Accountants Can Help

We provide personalised and practical tax and financial services, including:

• Tax returns (individual and business)
• BAS and GST lodgements
• Investment property tax support
• SMSF compliance and advice
• Business setup and structuring
• ATO audits, letters, and payment plans
• Tax planning for better outcomes year-round

We make sure you stay compliant while helping you keep more of what you earn.

Why Choose Latitude Accountants?

• Trusted by clients across Melbourne
• Clear, honest advice with no surprises
• Experienced in a wide range of industries
• Focused on results, not just returns
• Registered tax agents who stay current with ATO policies

We take pride in helping you get the best results possible — without jargon, delays, or confusion.

Get in Touch

If you’re in Thomastown and want expert support with your tax, business, or financial planning, Latitude Accountants is here to help.

Reach out today and let’s get your finances sorted with confidence.

📞 Contact Latitude Accountants
📧 info@latitudeaccountants.com.au
🌐 www.latitudeaccountants.com.au

Disclaimer

This content is general in nature and is not a substitute for personalised financial advice. Always speak to a registered tax professional about your unique situation.