Detax Services are specialists in Taxation & Accounting for all Entertainment Entities

Australian Entertainment Industry Accountant – DeTax Services

So regardless of whether you’re an employee Graphic Artist, Sole Trader Photographer, Musical group Partnership, large Theatre Production Company, or any other Entertainment & Arts based activity, our years of experience & specialist Industry tax knowledge will ensure that you are not missing out on any entitlements, concessions or deductions that are specific to your chosen creative field.

Fees for our services are generally charged on an hourly rate that varies depending on the type of work being done and the type of entity the work is for. Therefore, the less time it takes to do the job, and the less complex the entities tax affairs, the lower the fee.

We believe this is the fairest approach to charging for our professional services.

It also means that you can minimise the cost of the work we do for you if you provide your information to us in an efficient & readily usable format.

The following factors will contribute to the amount of time required to complete work being prepared by Detax:

The type of entity the job relates to: For taxation & accounting there are many different entity types & each have their own ATO compliance and reporting requirements and therefore the amount of time required to complete work for each entity will vary accordingly. These entity types include: Individuals (Including Sole Traders), Companies, Partnerships, Trusts & more.
The format in which your tax information prepared: There are many ways in which you can provide your tax information e.g. hard copies of receipts & other tax documents, spreadsheets detailing or summarising your tax information, Word documents with tax information listed, electronic files from software such as MYOB, Quicken or E-Record etc.

Note

MYOB Support

Some formats allow for easy sorting & editing of data which can save us time. These include Accounting Software such as MYOB & Excel spreadsheets. Tax information provided in an efficient format will save us time & therefore save you money.As a MYOB Professional Partner, Detax can accept files in any version of MYOB for processing. We can also provide guidance & advice on how to best provide you tax information in the most efficient format. We also offer bookkeeping services at much lower hourly rates than our Accounting rates if you prefer us to do the bookkeeping chores for you.

Sydney Accounting for the Entertainment Industry

How promptly you provide requested information: Once Detax commence working on your tax return or other work it is likely that we will have some additional questions or request further information or documentation. The quicker you respond with this information the more efficiently we can complete the assigned task. Reminders & long periods of delay add to the time spent and to the overall job cost.
The complexity of your tax affairs: Some tax returns are very simplistic & only require a few items to be completed such as wages income & generic deductions. Other tax returns can be very complex which may include business, personal services income, capital gains, foreign income, rental properties & other items that require far more time to complete. Remember: The amount of income you or your entity makes does not determine the job complexity & cost, rather, it’s the number of tax return items & schedules involved.

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Detax Hourly Rates and Fee guide (Current as at July 1st, 2022)

The following charges are to be used as a guide only & our fees will vary depending on the time involved in preparing your tax return (or other assigned tasks). Fees shown here are GST exclusive.

ENTITY TYPE / SERVICE PROVIDED GST STATUS  AVERAGE FEE
INDIVIDUALS [EMPLOYEES] / SOLE-TRADERS
INDIVIDUALS: EMPLOYEES ONLY. NO BUSINESS OR CONTRACTING* NOT REG.  $               180.00
INDIVIDUALS: BUSINESS &/OR CONTRACTING [INC. EMPLOYEES] NOT REG.  $               350.00
INDIVIDUALS: BUSINESS &/OR CONTRACTING [INC. EMPLOYEES] REGISTERED  $               550.00
*MAXIMUM OF 3 PAYMENT SUMMARIES ONLY
OTHER ENTITIES
PARTNERSHIP RETURN NOT REG.  $               350.00
PARTNERSHIP RETURN REGISTERED  $               550.00
COMPANY ACCOUNTS & TAX RETURN EITHER  P.O.A
TRUST ACCOUNTS & TAX RETURN EITHER  P.O.A
ACTIVITY STATEMENTS [BAS / IAS / PAYG-I]
INDIVIDUALS EITHER  $               300.00
ALL OTHER ENTITIES EITHER  $               350.00
OTHER SERVICES
BOOKKEEPING & ADMINISTRATIVE SERVICES EITHER  $          80 P/HR
PAYG WITHHOLDING VARIATIONS EITHER  $               300.00
ALL OTHER SERVICES NOT SHOWN ABOVE EITHER  P.O.A

*Average Fees shown exclude some Supplementary Section items & additional fees may apply for some of these items where applicable. They may include (but are not limited to) the following:

  1. Capital Gains Schedule
  2. Rental Property Schedule
  3. Partnership & Trust Distributions Worksheet
  4. Personal Services Income Schedule
  5. Foreign Income Schedule
  6. Certain Tax Offsets including Medical Expenses
  7. Income Averaging for Special Professionals
  8. Other Income (e.g. Royalties)

Hourly rates may be reduced for large jobs or for jobs involving multiple lodgements. Any varied rates will be advised at commencement of engagement & shown in the above table.

Special offer for all new Detax clients

**  Detax offers ALL NEW CLIENTS an initial 30 minute face-to-face FREE consultation to discuss your particular tax obligations & accounting needs. We can also provide you with a tailored quotation for our services at this initial meeting.

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