Tax returns & tax accountants
in Brisbane

We offer advice on running your business, tax returns, refunds & more.

Accounting services

We have a range of tax and specialist accounting services for individuals and small to medium sized businesses.

Personal tax returns

Your tax return prepared by an experienced tax consultant.

Business Advice

We can help you navigate the accounting and tax responsibilities that come with running a business.

Xero Health Check

With our Xero Health Check, we review your accounts on Xero to find issues, fix them, and help you maximise XERO to run your business.

Business Registration

We can assist you start your own business in Australia, from validating your business idea, business plan review and more.


We can help you set up and manage your books, payroll & superannuation, to save you time and money.

Start-Up Advice

We can help you define which business structure works better for your business: sole trader, partnership, company or trust.

Do you need help with your Tax Return?

What our customers say

Diana Franco

I can't recommend Sebastian enough. He is a great accountant! He is very diligent, efficient and always goes above and beyond. Excellent service! Great for small businesses accounting.

Orlando Guerra

Very knowledgeable and professional. My return was filed quickly and I got the money back within weeks.

Cristian Campo

Very knowledgeable and easy to get in contact with. Excellent customer service. Highly recommended!

Catalina Montoya

I highly recommend Y&S accounting, and specially to Sebastian Garcia.They have an excellent customer service, they always work in a legar way trying to be the most diligent and helpful as much as possible. Looking after their economical costumer wellness.

Juan Pablo Vasquez

This is the 4th year making my tax return with no issues and exceptional professionalisms. Strongly recommend them.
About Us

Y&S Accounting Brisbane

Y&S Accounting proudly specialises in providing professional consulting and accounting services to the Latin American community in Australia. We can speak English, Spanish and Portuguese.


Stay up to date with the latest accounting and tax insights in Australia

5 min read

Maximising Your Tax Savings: The Most Common Expenses That Are Tax Deductible in Australia

When it comes to managing your finances, it's important to take advantage of every opportunity to minimize your tax liability. One effective way to do this is by claiming tax deductions for eligible expenses. In Australia, there are numerous expenses that can be deducted, allowing individuals and businesses to retain more of their hard-earned money. In this blog post, we will explore the most common expenses that are tax deductible in Australia, empowering you to make the most of these opportunities.
5 min read

Tax treatment of trader vs investor

There is no fixed list of rules to determine who is and who is not a trader. To accurately determine if you are a trader, you must consider your intention in undertaking the activity and the objective facts of the activity. Even if you have determined that you are a trader, the ATO may not agree with your interpretation.
5 min read

Tax Deductions for Employees in the Cleaning Industry

We understand how hard you work every day and that you deserve to keep as much of your hard-earned income as possible. However, are you aware that each year you might be unnecessarily giving money away to the tax office? If you don't meticulously handle your annual tax return and claim all the deductions you're entitled to as a cleaner, you could be losing a significant amount of money.

Frequently asked questions

Individual Tax returns

¿How long does the Tax Return process takes?

Electronic tax returns are usually processed by the ATO within two weeks. We expect that most refunds will be out within 10 working days after lodgement of your tax return, but some people will wait a bit longer for the ATO to get it done.

I work with ABN and Tax File Number, Does it affect my Tax Return declaration?

ABNs are Australian Business Numbers. They are issued to businesses operating in Australia and to self-employed people. ABNs are required on invoices for work performed. For example, if you are a carpenter, fundraiser, or personal trainer, you will need an ABN.A TFN is a Tax File Number which is required by anybody who wants to work in Australia. This number is given to all employers when you start working and your employer will then deduct tax from your income under the PAYG (Pay As You Go) system. People usually don't have to worry about having to pay taxes at the end of the year because their employers take taxes out of their paycheck. In the case of an ABN, tax is not taken at source, the person raising the invoice and receiving the payment is receiving full payment for products or services so a portion of that income should be retained to meet the tax liability at the end of the financial year.People understand what their obligations are when they work on either the TFN or ABN model. The confusion usually only happens when people have two jobs in one year and one is TFN and the other is ABN, or if they have a full-time job that is TFN but also have a small business that generates ABN income

Do I have to declare overseas income?

If you are an Australian resident for tax purposes and hold a temporary visa in Australia, you are only required to declare your Australian-source income in your tax return.

If you are an Australian resident for tax purposes and are a permanent resident or Australian Citizen, you are required to declare your worldwide  income in your tax return.

I have to buy tools and equipment for my job. what can I claim on my tax?

There is often confusion about what expenses can be claimed for both business and personal use. For example, if you purchase a lawnmower for your landscaping business, but you also use it to mow your own lawn, you should divide the cost of the lawnmower between the two uses based on how often you use it for each.

For any tool under $300, you can claim the full cost on this year’s tax return. For any tool over $300, you need to claim the cost of the tool progressively over the course of its lifespan. This type of claim is known as depreciation, and it is in place to ensure that the amount you claim is relative to the actual value of the tool.

The accelerated depreciation rules apply to sole traders and businesses where the annual income is below $5 Billion. In these cases any equipment costing less than $150,000 can be written off in total in the year it was purchased. This is a great incentive for businesses to refresh their equipment before 30 June each year.

You can claim the cost of any tools or equipment that you purchase for work. This could include power tools, computers, printers, safety gear, sunglasses, office equipment and any other piece of equipment that is helpful for your income-earning activities.

How long do I need to keep my receipts for?

Records are written evidence of your income or expenses that can be in paper or electronic form. You will receive documents that are important for doing your tax during the income year.You need to keep records for 5 years (in most cases) from the date you lodge your tax return. Records may include income statements, payment summaries and receipts.

Still have questions?

Y&S Accounting proudly specialises in providing professional consulting and accounting services to the Latin American community in Australia since 2008.
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