Neil C Hocquard

What types of businesses do you work with?

We work with sole traders, partnerships, companies, rental property owners, and trusts, offering tailored tax and accounting services.

Do you assist with accounting software recommendations?

Yes, we recommend and support modern accounting software suited to your business needs, enhancing financial management efficiency.

Do you provide quotes?

Yes, we provide quotes for all our services.

Do you offer after-hour accountancy services?

Yes, we provide flexible after-hour services to accommodate your scheduling needs and ensure timely support for your accounting requirements.

Can you help with tax file number and ABN applications?

Yes, we prepare and lodge applications for tax file numbers, ABNs, and other essential registrations on your behalf.

Are you accredited?

Yes, we are fully accredited and qualified.

How do you support financial management for businesses?

We provide comprehensive financial management, including budgeting, cash flow assessments, and strategic planning to enhance business profitability.

What services do you offer for small businesses?

We provide accounting, tax assistance, expense analysis, financial reporting, business management, and more, tailored to small business needs.

How can you help with tax law updates?

We offer guidance on new tax laws and their implications, ensuring your business remains compliant and optimally structured.

What is our address?

We are located at 4 Cromwell Street, New Lambton, NSW 2305.

What are your working hours?

We are available from 9 AM to 5 PM on weekdays and 9:30 AM to 12 PM on Saturdays.

What should I consider before buying a business?

We advise on appraising a business’s viability, assessing financial health, and ensuring it aligns with your investment goals.

Can I claim my home expenses?

This can be a tricky question. Usually, an employee cannot claim a home office because there is a work office provided for that use. However, use of telephone and electricity can be an exception.

Can I claim my car? (Part 1)

There are times when you can and times when you can’t. Travel between home and work just to get you to work even for overtime, out of hours or for the second time that day are not allowed. There are exceptions to this rule and are too lengthy to mention here. For ordinary employees who do not use a car very often, it is best to keep a diary of where you went and how far.

Can you help with payroll management?

Absolutely, we handle payroll processing, ensuring accuracy and compliance with tax regulations for your employees.

What can I claim?

Basically, anything that is required for you to earn your income. However, there are some exemptions, particularly expenses that are considered to be private in nature such as driving to work and wearing clothes. There are also other expenses specifically allowed from time to time when the law changes but that would be too long an answer to place here. If you don’t know, then the best approach is to keep the receipt and ask the question when preparing your tax return.

What is expense analysis and how can it benefit my business?

Expense analysis identifies and reduces overhead costs, helping to increase your profitability and streamline financial operations.

Can I claim my car? (Part 2)

For those who have significant car travel, a logbook is likely to be required and there are strict rules to keeping a logbook. When using the logbook method, you must keep all receipts for all car expenses.

If I spend money, do I get it all back?

No. The most you get back is 49% but only if your income is over $180,000.

Do I need to lodge a tax return if my income is under the tax-free threshold?

There are times that you do e.g., running a business, incurring losses, had tax deducted from your wages. This is just a few examples. Even if you don’t need to lodge a tax return, you still need to tell the ATO that you don’t need to lodge a tax return.