• M: 0401 763 675
  • O: 02 8764 1596
  • Mon - Sat 09:00 - 17:00 (Closed Sun)
Book A Call
Contact
Book A Call
Contact

Accountants in Campsie Who Deliver Results, Not Just Returns

Campsie is one of Sydney’s most dynamic and culturally diverse suburbs, and it deserves an accounting service that matches its energy. Impact Taxation is a professional accounting firm serving the Campsie community with a full range of financial services for individuals, families, and businesses of all sizes.

Located in the heart of the Canterbury-Bankstown region, Campsie is a bustling commercial hub with a vibrant mix of restaurants, retail shops, professional services, and small enterprises. The suburb is also home to a large number of property investors, working professionals, and families managing complex financial lives.

Impact Taxation understands the unique financial landscape of Campsie. We provide practical, personalised accounting services that address your real needs, whether that means preparing your quarterly BAS, managing your business payroll, or helping you structure an investment strategy.

GET IN TOUCH
  • CPA Practice
  • Open 6 days a week
  • Conveniently located near Campsie

Why Campsie Clients Keep Coming Back to Impact Taxation

In a suburb as busy and diverse as Campsie, you need an accountant who is not only skilled but also easy to work with. Impact Taxation has earned the loyalty of Campsie clients because we combine professional excellence with a warm, client-focused approach.

We recognise that Campsie is a multicultural community. Our team is experienced in working with clients from a wide range of cultural and linguistic backgrounds, and we always take the time to ensure our advice is clearly understood. Communication matters to us, and we will never leave you guessing about your financial position.

We also stay at the forefront of changes to Australian tax law and compliance standards. Campsie business owners and individuals can rely on us to keep them informed of new regulations, deadlines, and opportunities that could affect their finances.

GET IN TOUCH

Comprehensive Accounting Services in Campsie

Impact Taxation provides an extensive menu of accounting services for the Campsie community:

Bookkeeping Services Campsie

Accurate bookkeeping is the foundation of financial clarity. Our bookkeeping services in Campsie include daily transaction processing, bank reconciliation, accounts payable and receivable management, payroll support, and regular financial reporting. We work on cloud platforms like Xero and MYOB to keep your records secure, accessible, and always current. This gives you real-time visibility into your financial position so you can make timely, informed decisions.

BAS Preparation and GST Compliance

As a registered BAS agent in Campsie, Impact Taxation handles your quarterly BAS lodgements with precision. We manage GST reporting, PAYG withholding, PAYG instalments, and fuel tax credits where applicable. Timely, accurate BAS preparation helps you avoid penalties and gives you a clearer picture of your cash flow between financial years.

Small Business Accounting Campsie

Campsie has a thriving small business ecosystem, and Impact Taxation is proud to support it. Our small business accountant Campsie service includes company registration, ABN and GST setup, business structure advice, financial statement preparation, and ongoing compliance management.

We work with businesses across many industries including food and hospitality, retail, trades, healthcare, and professional services. If you run a restaurant in Campsie, we understand the specific financial challenges of the hospitality sector, including stock control, casual staffing costs, and seasonal fluctuations. Our accounting for restaurants in Campsie service helps hospitality operators maintain healthy margins and meet their compliance obligations efficiently.

Payroll Services Campsie

For Campsie businesses with employees, our payroll management services cover wage calculations, superannuation contributions, Single Touch Payroll reporting, leave entitlements, and end-of-year reconciliation. We handle the complexity of payroll compliance so you can focus on managing your team and growing your business.

SMSF Accounting Campsie

Impact Taxation supports Campsie residents who manage their own superannuation through Self-Managed Super Funds. Our SMSF accounting service includes preparation of annual financial statements, audit coordination, contribution monitoring, pension management, and ATO compliance. We work with your financial adviser to ensure your fund is structured to support your retirement goals.

Property Investment and Capital Gains Accounting in Campsie

Campsie is a popular area for property investment, with strong rental demand and ongoing development activity. Impact Taxation provides specialised accounting support for property investors, including capital gains calculations, depreciation schedules, rental income reporting, and negative gearing analysis. Our property investor accountant Campsie service helps you maximise your after-tax returns and stay fully compliant with ATO requirements. Our property pre-purchase consultation and property pre-sale consultation services can also help you plan smarter around your investment timeline.

Business Advisory and Financial Planning Campsie

Impact Taxation goes beyond compliance to help Campsie clients build stronger financial futures. Our business advisory services include cash flow management, profitability analysis, growth strategy, entity restructuring, and risk assessment. For individuals, we offer financial planning support including investment guidance, wealth protection strategies, and retirement planning.

Our goal is to help you make smarter decisions with your money, whether you are growing a business, building an investment portfolio, or planning for the next stage of your life.

Professional, Knowledgeable and Courteous

You are in good hands!

CONTACT US
Other ways Impact Taxation and Financial Services can help

Tax Planning

Our Tax planning strategies are a critical tool for managing your financial health. It can help you maximize deductions, reduce the amount of taxes owed, and avoid costly penalties and interest charges.

Wealth Planning

Impact Taxations Wealth planning is an essential service for those looking to secure their financial future. We offer customers peace of mind, financial security, and the knowledge that their goals will be met in the years ahead.

We can help you save costs

We are well aware of the importance of managing one's financial resources well, which is why we'll do everything in our power to handle your income taxes accurately and save you money while giving you peace of mind.

How can we help you?

    Speak with an Accountant in Campsie Today

    Impact Taxation is your trusted accounting partner in Campsie. Whether you need help with everyday bookkeeping, complex business structures, or strategic financial planning, our team is ready to deliver.

    Contact us today through our website, by phone, or by booking an appointment online. We offer flexible scheduling, clear pricing, and a genuine commitment to your financial success. We also serve clients in nearby suburbs including Belmore, Belfield, and Croydon Park. Let us show you why Campsie locals trust Impact Taxation with their accounting needs.

    10 things you should consider before buying a property

    Are you considering buying a property? Do you know you could miss opportunities to save thousands, or tens of thousands of dollars if you don’t plan well before the purchase?

    Below are a few key considerations:

    1. How should you set up your loan structure? If you don’t have a loan offset account for a rental property, after you make extra payments directly to the loan account, you can only claim interest deduction on the remaining balance of the loan. For tax purposes, this deductible balance can’t be changed even if you redraw the overpaid amount later. A good loan structure could also help you to stabilize interest rate and speed up loan repayment by combining a standard variable loan (with an offset account) and a fix rates account.

    2. Timing of renovation. You might want to do a renovation right after you have bought the rental property. But do you know for any genuine repair & maintenance included in the renovation, you can claim an outright deduction against the rental income when the property is available for rental? If the work is done before the date when the property is available for rental, you can only claim the deduction against future capital gain when the property is sold. Depend on when you are going to sell, it could take years or up to decades before you can claim the deduction.

    3. How should you split ownership? You might want to share the property ownership with a family member. For tax purposes, the percentage of ownership is based on the legal title, regardless of who is paying more on the mortgage. If the property will give you a tax profit, you might want to allocate more
    ownership to the low-income earner to utilize the lower marginal tax rate. If it is giving you a tax loss, you might want to allocate more ownership to the high-income earner to utilize the loss. The goal is for the family to pay minimum tax together.

    4. Should you use a family trust to purchase the property? There are many pros and cons related to a family trust. The advantages include tax savings on rental profit or capital gain, asset protection and succession planning on family wealth. However, family trust can’t distribute losses. All losses are trapped in the trust to be used to offset future trust profit. Therefore, you can’t utilize any rental loss in a trust to offset other income such as salary & wages. Family trusts also attract high accounting fees on initial setup and annual fees on financial statements and tax returns. State governments also charge much higher land tax on family trusts.

    5. Will the income level change in future years for different owners? You might want to forecast the possible income for different owners to understand total tax payment / savings related to the property. This could also impact on your decision making on point 3 and 4 above.

    6. Understand when you can treat your property as main residence to receive an exemption on capital gains tax. When eligible, even if you have received rental income, you could still treat your rental property as main residence and receive the exemption. To be eligible, you will need to treat it as your main residence at the beginning. Please check out this ATO link: Treating former home as main residence.

    7. Decide whether you need to purchase a depreciation report. Most taxpayers don’t know that the depreciation on the building will need to be added back to calculate capital gains tax when the property is sold. When the property is held for more than 12 months, after applying the capital gains tax discount of 50%, it will effectively cut the tax rate by half at the time of sales. This makes depreciation deductions desirable for high income earners. However, for low-income earners it might not be ideal to claim depreciation as a rental deduction since they could be paying more on capital gains tax in the future. It could get more complicated if the property is under joint ownership between high and low income earners.

    8. You might want to consider Centrelink payments for future or existing owners. Most Centrelink payments are income and asset tested. Before attaching a rental property to a family member who is receiving, or plan to receive government benefits, you might want to check the testing thresholds first to see if the Centrelink payment will be impacted. This is also applicable when you are making distributions from a family trust to different family members.

    9. Have you considered using your SMSF (selfmanaged super fund) to make the purchase of a rental property? There are a lot of tax saving opportunities with a SMSF since the income tax rate is only 15%. And the capital gains tax rate is effectively only 10% after factoring in the 1/3 discount. The major downside with a SMSF is normally you can’t get the money out until you retire or on compassionate grounds (SMSF does have more flexibilities compared to normal retail super fund. But the choices are still very limited). It could be expensive to set up and operate a SMSF too. There are also strict legal requirements on the trustees. Penalties on incompliance could be severe. Tax law around SMSF is very complicated too. You will need to find a good tax accountant specialized in SMSF to help you to understand the structure, also do a cost-benefit analysis before setting it up.

    10. Consider internal ownership changes. For your existing rental properties, you can also consider whether you should transfer the ownership between family members, or between different business structures (this is not applicable for SMSF). You might want to do this when the income level changes with family members, or rental property changes between tax profit and loss. Before the change, you need to consider the cost of transfer including capital gains tax, stamp duty, conveyancer fees, etc. Again, a cost-benefit analysis is a must before the change.

    Last but not the least, did you combine all the above strategies and compare your choices? If you haven’t yet, how would you know that you have picked the best strategy to minimize your taxes? We can help you to factor in all considerations, compare different scenarios, also present you with a Property Prepurchase Report with all our findings to help you to make a decision. Contact us today to book in a consultation with an experienced tax accountant!

    IMPORTANT INFORMATION
    This is general advice only and does not consider your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from your financial adviser and seek tax advice from your accountant.

    Copyright © 2022 by Impact Taxation & Financial Services All Rights Reserved.