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Premier Business Accountants
Based in Melbourne, servicing Australia-wide

Valles Accountants is a boutique accounting firm, conveniently based in the Melbourne CBD.

Our team of professional tax accountants – lead by Greg Valles – brings more than 35 years of collective experience. We provide accounting, tax and advisory services for small- to medium-sized enterprises and high-net-worth individuals worldwide.

Valles Accountants is a boutique accounting firm, conveniently based in the Melbourne CBD.

Our team of professional tax accountants – lead by Greg Valles – brings more than 35 years of collective experience. We provide accounting, tax and advisory services for small- to medium-sized enterprises and high-net-worth individuals worldwide.

We understand context and connections so we can predict outcomes. This enables our tax accountants to plan ahead and gain a better result for our clients.

Our proactive tax planning drives better results. Contact Valles for tax accountants near you.

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AT VALLES ACCOUNTANTS, NUMBERS ARE ONLY HALF OF THE PICTURE.

How We Can Help You

Valles tax accountants provide tailored accounting and advisory services for small- to medium-sized enterprises and high-net-worth individuals.

Our extensive tax advisory services range across Accounting, Taxation and Business, Management Consultancy, Corporate Advisory, and Estate Planning and Succession Planning.

Our tax accountants specialise in the following industries:

  • Agricultural
  • Airline and Aviation
  • Building & Construction
  • Cryptocurrency/Blockchain
  • Dental
  • Health and Wellness
  • Hospitality
  • Legal
  • Medical
  • Oil & Gas
  • Property Development
  • Racing
  • Retail
  • Road and Traffic Management
  • Superannuation Compliance

Tax Advisory Consultancy

A decision in life has consequences, as do those in business. We learn from experience and often put our shortcomings down to a lesson learned; but not all lessons need to be learned.

Instead, the right tax advisory consulting will help achieve great outcomes without surprises or pain.

Valles tax accountants are engaged to represent our clients through a range of services to understand the obstacles, challenges, and barriers and help them navigate through what lies ahead.

Many people turn to our tax accountants for advice on:

  • When to sell and buy a business
  • Understanding Valuations on the business
  • how to fund a project
  • High-level tax issues

Cryptocurrency Specialists

Valles tax advisors assist people with legal and tax advice about their cryptocurrency tax obligations.
Our tax accountants also have expertise and experience in assisting with an initial coin offering (ICO).

  • Providing advice on the structure of the ICO
  • Establishing an understanding of raising revenue for the white paper
  • Assisting in stimulating the growth in the industry
  • Representing individuals and businesses with ATO matters.
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Tax Planning for Divorce Matters

In a divorce, understanding and seeing the full picture is crucial. Business financials can be complex and need to be interpreted and explained to show how a business runs, what it is worth, and what assets it has, to form a true valuation.

Thus, it makes sense when working through a divorce that one has clarity and a clear picture of what is in front of them and what is at stake from an individual and group perspective, to ensure that their best interests are protected.

Valles tax accountants help our clients to understand the business and the individual position of their partner, and what it is worth to assist them in getting their entitlements.

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Our Locations in Australia

Looking to reduce tax? Valles are your tax accountants near you. Reach out to our tax accountants in Sydney, Melbourne and Brisbane.

Talk with Our Tax Advisors Today

We offer specialist tax accounting for Australian individual and business needs. Reach out to Valles for our comprehensive range of services in tax planning.

Cryptocurrency Accountant

Cryptocurrency Accountant

Deceased Estates

Deceased Estates

Restructuring

Restructuring

Superannuation Compliance

Superannuation Compliance

Corporate Advisory & Consultation

Corporate Advisory & Consultation

Compliance: Accounting & Taxation

Compliance: Accounting & Taxation

We are experts in tax accounting in Australia. Contact Valles for tax accountants near you.

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Valles Tax Accountants - FAQs

What is tax planning?

Tax planning is arranging your financial affairs to keep your taxes to a minimum.

As for how to reduce taxable income, a tax accountant will analyse your financial situation, both now and for the future. By taking into account the specifics of your situation and tax considerations, it is possible to create a tax-efficient plan that minimises how much tax you are obliged to pay.

These considerations can include the amount and timing of income within the financial year, the sources of income and the use of different types of assets, planning for expenditures, and saving for retirement.

Tax planning is an essential part of any wealth management or investment strategy. It is entirely legal, when conducted within the intent of the law. Illegal steps taken to minimise tax are not tax planning, but tax avoidance.

At the end of the day, tax planning isn’t about trying to trick the government out of its tax revenue, but about individuals and organisations making use of the tax laws as they exist.

The ATO has many tax concessions to help the Australian businesses that are the engine of our economy, but many of these are hidden without the help of a tax advisor.

Why is tax accounting important?

Tax accounting is the preparation, payment and return of taxes for individuals and organisations, as well as planning to minimise the amount of tax that is required to be paid to the government.

Tax accountants make sure that the financial affairs are in compliance with ATO regulations. Effective tax management is necessary to handle the complicated taxes of large businesses or individuals of high net worth, to make sure they are legally compliant.

This includes accurate compiling of documents, handling funds and investments, and forecasting of cash flow and tax finances. The applicable taxes can be as wide-ranging as GST, PAYE and stamp duty.

As well as tax preparation and compliance, tax accountants can also create a tax efficiency strategy for how to reduce taxable income. Nearly every business decision will have implications around how to reduce tax, and taking this into account will help to reduce the tax burden and cut down on costs.

Tax laws are complex and change over time, meaning that taxpayers need to rely on the expertise of professional tax accountants to make full use of their tax concessions. Tax advisors are an essential part of any wealth management or investment strategy.

How can I reduce taxable income?

The key for how to reduce tax is the structure of your investments or business ventures. This could be as an Individual or a Partnership, in a Company or a Trust, or through a Self-Managed Super Fund.

Different entities have different tax rates as well as different regulations governing them. A tax advisor will be able to guide you on which makes the most sense for your financial situation.

As well as the overarching structure, the timing of investments makes all the difference. All income earned and expenses incurred will be counted during the financial year, running from 1 July to 30th June.

Planning the timing of when money comes in and out can impact your tax obligations. For example, if you had a high-earning year, defer income to after the 30th of June, so that it falls in the year that is likely to have a lower tax rate. Another tactic is to hold onto assets for at least 1 year before selling them, to benefit from the 50% CGT concession.

Keep in mind that the sale of a property is dated to when the contract is signed, not the settlement day.

Lastly, make sure to make full use of tax concessions. For example, a tax advisor can guide you around salary sacrificing, or redirecting part of salary or wages into your superannuation fund, to be taxed at a lower rate than your income tax bracket.

Can I claim vehicle expenses on my taxes?

You can claim vehicle expenses on your taxes, for journeys made for work-related purposes, other than the actual commute between home and work.

You can’t claim tax concessions for the costs of driving between home and work, no matter how long the commute is. However, other work-related journeys do count as tax-deductible expenses.

If your place of work is spread across more than one site, then driving between these sites is a tax-deductible expense – as long as none of the sites is also your home. So driving from your usual worksite, to a different site, then back to your usual place of work, are all counted as vehicle expenses that can be claimed for tax concessions.

Tax accountants can help identify other tax-deductible expenses, such as driving to pick up equipment for work and driving to meetings, conferences and other events that aren’t at your usual place of work.

Finally, expenses can only be claimed once. This means that you can’t claim vehicle expenses as a tactic for how to reduce tax, if the journey or the costs have already been reimbursed by your employer.