Registered Tax Agent No. 26263473
Tax Accountant across NSW and the ACT
DKM is a registered tax agent practice working with businesses, complex group structures and individuals across New South Wales and the ACT. Lodging your tax return is the easy part. The value is in the tax planning we do before 30 June, the BAS and lodgement deadlines we keep you ahead of, and showing you how your tax is worked out so you can act on it before the financial year closes.
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DKM Accounting is accredited with the following institutions
Meet your Tax Accountants
Research.
Review.
Represent.
Thorough tax research
Focused due diligence
Every tax situation is different. We take the time to review your records, verify compliance, and identify tax-saving opportunities tailored to your circumstances.
End-to-end tax support
We don’t just lodge your returns, we represent you in dealings with the ATO, ensuring any audits, disputes, or tax queries are handled professionally.
Most tax accountants wait until the year is over. We work ahead of your tax bill.
The usual model is not in your favour. After 30 June you hand over your paperwork, your accountant prepares your tax return, and you find out how much tax you owe. By that point it is too late to reduce it.
We work the other way around. You hear from us during the financial year, before each lodgement deadline and before the tax falls due, with the actual step that lowers what you owe, whether that is an extra concessional super contribution, bringing a deductible purchase forward, or setting aside cash for your next PAYG instalment.
By the time your tax return is due, you already know the amount and how it got there.
From 1 July 2026, firms carrying out certain types of legal work are required to verify their clients’ identities under new anti-money laundering obligations. In practice, this means we will ask for identity documents at the start of some matters. Further detail is set out below.
A written tax-saving plan in your hands by May
We finish your tax planning before 30 June, while there is still time to reduce the tax you will owe, instead of raising it once the financial year has closed. In May you get a one-page snapshot: how much room is left in your concessional contributions cap, what topping up your super would save you this year, and any deductible spending worth bringing forward. You act on it with weeks to spare, while the contributions and deductions still count for this financial year.
We forecast your tax and tell you the amount to set aside
Books kept reconciled and current in Xero and QuickBooks
We keep your file reconciled all year: bank reconciled, invoices up to date, and every transaction coded to the right account. So when you open Xero or QuickBooks on a Tuesday, the balance on screen matches your actual bank balance and your profit and GST position is right. You can make a decision off that screen without ringing us to ask whether it is correct.
Financial statements ready for a lender, on demand
We prepare your accounts to a standard that holds up to a bank or lender, not only to the ATO. So when a broker asks for your financial statements for a home loan, a lease or equipment finance, you forward your profit and loss and balance sheet that same day, instead of waiting while the books are caught up first.
We chase your lodgement deadlines, so you never pay a late penalty
We are your ATO contact, including for scam checks
As your registered tax agent we deal with the ATO on your behalf and can see what is actually on your account. The ATO is known to call from private and withheld numbers and scammers impersonate them, so when something arrives that you are unsure about, you forward it to us and we confirm whether it is real, the same day. You stop having to guess on the spot.
Your tax explained in plain English, not just a figure
Party-and-party costs are what a court orders the losing party to pay toward the winner’s legal costs. In NSW, this amount is typically around 60 to 70 per cent of what the winning party has actually paid their own lawyer, not the full amount.
Income tax: What you need to know before the ato does.
Income tax applies to both individuals and businesses, yet the factors that determine what you owe or could save are often misunderstood. It’s more than reporting earnings; how income is classified, which deductions apply, and changes in tax law all shape your tax position. Whether you’re a salaried professional, a business owner, or managing investments, a well-informed strategy ensures compliance while optimising financial outcomes.
That ATO doesn't tax everything the same way
A deduction is only as good as its evidence
Not all deductions are created equal, and claiming them without proper records is risky. Work expenses, depreciating assets, and business costs must meet strict ATO substantiation rules. Overclaimed deductions, especially those involving personal use, travel, or entertainment can be flagged and denied. On the other hand, many taxpayers miss out on legitimate deductions like interest on investment loans or asset depreciation, which can provide significant long-term tax benefits. Knowing what qualifies and keeping clear documentation is key.
The ATO knows more than you think
What a year with DKM actually looks like
- Each quarter your BAS is lodged on time and your file is reconciled, so your GST and PAYG position is current instead of a backlog you face later. When your income rises, you get a message naming the specific action that has a deadline on it, the concessional contributions cap being the clearest, while there is still time to act.
- In May, before the financial year closes, we sit down on your year-end tax position and put any contribution or timing decisions in front of you with weeks to spare. Then your return is prepared and lodged against a file that has been right the whole time, which is why it is quick and holds no surprises.
- Across a year that comes out as fewer last-minute requests, no failure-to-lodge penalties, and a tax bill you helped shape rather than one that simply arrived.
DKM Accounting has been sorting out my taxes after I received poor advice elsewhere. Jimmy is very sharp and always comes up with practical solutions to difficult tax problems. I’ve been restructuring my company and his advice throughout the process has been excellent. He’s calm, measured and easy to deal with. I’d highly recommend Jimmy and his firm to anyone needing tax advice and support.
Tax and structuring questions, worked through
Will a company actually cut my tax bill compared with sole trader?
Only on the profit you leave in the business, and here is the size of it. Take a business making $200,000 profit where you need $110,000 to live on and reinvest the other $90,000. As a sole trader the whole $200,000 is taxed at your personal rates, about $60,000 including Medicare. Through a company you draw the $110,000 as a wage, taxed in your hands at about $26,000, and the retained $90,000 is taxed at the 25 per cent company rate, $22,500, so about $48,500 all up. That is roughly $11,500 saved, and almost all of it comes from the profit you did not draw.
Turn one fact and it changes. If you needed the full $200,000 to live on and drew it all, both paths land within a few hundred dollars of each other, and the company just adds ASIC fees and a second return. The $11,500 is also a deferral, not a gift: when you later pay that retained profit out as a dividend, top-up tax applies to bring it to your marginal rate. The company wins while the money stays in and works, for growth, equipment or a buffer.
We run these two columns on your actual figures before you decide, so the call is made on your numbers, not a rule of thumb.
Illustrative figures at current resident rates, general information only, not tax advice.
When do I actually have to register for GST, and what does getting it wrong cost?
Within 21 days of the point your turnover reaches $75,000 on a rolling twelve months, looking both back and forward, not at 30 June. Say you have billed $68,000 over the past eleven months and you sign a $12,000 job this month: your projected twelve-month turnover is $80,000, over the threshold, so the obligation starts now, not next financial year.
Here is the cost of missing it. If you keep invoicing without registering, the ATO can still hold you liable for the GST once you were required to register. On $80,000 of sales that is one eleventh, about $7,270, that you now owe out of your own pocket because you never charged it to your clients. Register on time and you charge the 10 per cent on top, so it never comes out of your margin, and you also start claiming back the GST built into your own costs.
Change the fact: if that $12,000 job falls through and you are tracking at $68,000 and steady, no obligation yet, and you can choose to register voluntarily only if claiming input credits is worth the paperwork.
If you are near the line, a short turnover projection tells you the exact month you must register from.
Illustrative figures, general information only, not tax advice.
Can my self-managed super fund buy the premises my business works from?
Yes, if it is commercial premises on a genuine market-rent lease. Business real property is a specific exception to the rule stopping a fund dealing with related parties, so your fund can buy the unit and lease it back to your business. Picture a fund with $600,000 buying a $500,000 commercial unit your business currently rents elsewhere for $40,000 a year: that $40,000 rent now flows into your own fund instead of an outside landlord, taxed at just 15 per cent in the fund, or nil once the fund is in pension phase.
The conditions are strict. The rent has to be set at market, ideally independently assessed, and it has to keep flowing and be documented every year, or the fund risks a compliance breach at audit. If the fund borrows to complete the purchase it must use a limited recourse borrowing arrangement, which has its own structure and cost.
Change the fact and the door shuts: try to have the fund buy a residential property for you or a relative to use, and it is not business real property, so the exception does not apply and the fund cannot do it.
Have the property, the lease and the fund’s investment strategy reviewed before the fund commits.
Illustrative figures, general information only, not tax, financial or superannuation advice.
Locations
Bella Vista, NSW 2153
Location
Hours
Contact
(02) 9788 1850
Deakin, ACT 2600
Location
2/8 Phipps Cl, Deakin ACT 2600
Hours
Mon 9:30 am – 6:30 pm
Tue 9:30 am – 6:30 pm
Wed 9:30 am – 6:30 pm
Thu 9:30 am – 6:30 pm
Fri 9:30 am – 6:30 pm
Sat Closed
Sun Closed
Contact
(02) 9788 1850