Frequently Asked Questions

Raymond Partners is based in Warragul and serves clients across the Baw Baw Shire, including Drouin, Bunyip, Yarragon, Trafalgar, and surrounding areas. We also work with clients throughout Victoria who prefer to manage their accounting remotely.

Raymond Partners is open Monday to Friday, 8:30am to 5:00pm. We are located at 68 Victoria Street, Warragul VIC 3820. To book an appointment, call 03 5622 3587 or send a message via our contact form.

Raymond Partners was established in Warragul in 1981. The practice has been providing accounting and advisory services to the Baw Baw Shire community for over four decades, building long-standing relationships with families and businesses across the region.

Yes. Switching accountants is straightforward. We can request prior-year tax returns and ATO correspondence directly from your previous accountant. Most clients find the transition seamless — get in touch and we'll guide you through the process.

You can book an appointment by calling 03 5622 3587 during office hours, or by sending a message through our contact form. We offer in-person appointments at 68 Victoria Street, Warragul, as well as phone and video consultations where suitable.

The tax-free threshold in Australia is $18,200 per year. If you earn less than this, you generally pay no income tax. You claim the threshold by completing a Tax File Number Declaration — your employer then withholds less tax. If you have multiple jobs, you can only claim from one employer.

For individuals, keep receipts for work-related expenses, investment income statements, rental property records, and bank statements. For businesses, keep all invoices, payroll records, bank statements, and asset registers. The ATO requires most records for five years.

Yes. The ATO allows a fixed rate method (cents per hour) or the actual cost method (claiming a proportion of electricity, internet, and depreciation on equipment). Raymond Partners will advise which method gives the best outcome for your circumstances.

A bookkeeper handles day-to-day transaction recording. An accountant handles higher-level work such as tax returns, tax planning, and strategic advice. Raymond Partners offers both services, so your books and tax strategy are always aligned.

Pay As You Go (PAYG) withholding is the system by which employers deduct income tax from employee wages before payment. All employers must withhold tax and remit it to the ATO. PAYG instalments is a separate system for businesses and individuals with investment income. Raymond Partners manages both for clients as needed.

Most businesses lodge quarterly. Some smaller businesses lodge annually. The ATO assigns your reporting period based on GST turnover. Raymond Partners can manage BAS preparation and lodgement on your behalf.

The instant asset write-off (IAOW) allows eligible businesses to immediately deduct the cost of qualifying assets rather than depreciating them over years. The threshold and eligibility rules change regularly with the Federal Budget — Raymond Partners advises on current thresholds and which of your planned purchases qualify.

An SMSF is a private superannuation fund with up to six members who are also the trustees. You control investment decisions but are responsible for compliance with ATO requirements. Raymond Partners provides full SMSF accounting, compliance, auditing, and financial advice services.

An SMSF is generally most beneficial for people with superannuation balances above $200,000 who want investment control, or business owners wanting to hold business premises inside super. Raymond Partners can assess your situation and advise whether an SMSF suits your retirement goals.

SMSF financial advice is provided by Sebastian de Ligt, Authorised Representative No. 1269983 of the SMSF Advisers Network under Australian Financial Services Licence. Leanne Cruwys is a registered SMSF auditor.