Frequently Asked Questions

The world of finance is full of jargon, obscure accounting practices, regulatory requirements, and complex processes. But please don't let that stop you. We love making accounting easy to understand and accessible to all our clients. If you have any queries, please don't hesitate to contact us.

Alternatively, below are some of our most frequently asked questions (FAQs).

How much will my tax return cost?

A basic individual tax return will be a minimum of $165 incl. GST. For more complex returns, such as rental properties, Capital Gains Tax, partnerships and businesses, please contact your DMK Accountant for a price.

What do I need to bring/drop off for my tax appointment?

As a tax client of DMK Taxation & Business Solutions, we will have access to your information on the ATO Portal which will allow us to pre-fill your tax return with employment income, Centrelink income, HECS/HELP/SFSS debt balances, bank interest, dividends and some superannuation details. You will need to provide any evidence of deductions, please refer to this form for what to bring. Please use this form.

Please also provide your bank account details that you would like the tax refund paid to, if applicable.

How long does it take to receive my tax refund?

It generally takes up to ten business days after lodging your return to receive your refund electronically. Some people may have to wait a bit longer for the ATO to process their refund.

Can you take the cost of my tax return directly from my refund?

No. We do not have the ability to deduct the fee of preparing and lodging your return directly from your tax refund. You will need to pay for the preparation of your return prior to it being lodged.

I have provided all documentation for my tax return to be completed, how long will it take until it can be lodged?

Depending upon the complexity of your return, we have an approximate turn around time of 1-2 weeks for it to be completed.

I am a new client, what do I need to provide to get started?

We will need some personal details to get started. Please fill out the New Client Information Sheet and return to our office, or alternatively phone us on 03 5772 1915.

*Please note that we recommend you do not email sensitive information such as your Tax File Number. To provide this to us please call or drop into the office.

I am unable to come into the office for a face-to-face appointment, what are the alternatives?

We are experienced in conducting meetings via video calls using different platforms such as Zoom, Skype and Microsoft Teams and are more than happy to conduct our meetings this way, or even just for a catch up to see how you are progressing. We are also available over the phone and email.

We have a Client Portal for a secure method to upload/download documents and to electronically sign your documents.

We are based in regional Victoria, does this mean that we only service clients within this area?

We have many valued clients from metropolitan Melbourne, interstate and internationally along with our valued local clientele.

I am a tax client with DMK but would also like some financial advice. Do you provide a financial planning service?

We certainly do! Along with DMK Taxation & Business Solutions we have DMK Financial Services to provide you with a holistic service offering. Please visit our Financial Planning page for more details on our services, or get in touch with us to get started on your financial journey.

I’m interested in getting some financial advice, however am not sure if its right for me.

We provide financial advice to many clients with varying backgrounds and situations. We encourage you to contact us for an initial no-obligation meeting to see how we can help you.

I am thinking about changing from my current accountant, where do I start?

Changing accountants is common for various reasons, and whatever the reason you should not feel uncomfortable or feel the need to make excuses. The process of changing accountants is quite simple once the decision has been made. The new accountant will send an ‘ethical letter’ to the previous firm to ensure there are no reasons why they should not accept the new engagement. To begin the process contact us via phone or email and we will contact your previous accountant on your behalf.

At what tax rate is Capital Gains Tax (CGT) paid?

There is no special rate for CGT. It will form part of your taxable income which is assessed at your marginal tax rate. For more information please contact your DMK Accountant.

I am looking at purchasing some new equipment for my business, but I need a loan. Can you help?

Yes, we would love to help. DMK Financial Services have access to a range of lenders to source competitive finance for your new vehicle, farm equipment and business plant and machinery.

I have had a loved one pass away and don’t know where to start with finalising their finances. Can you help?

We understand that dealing with a loved ones finances can be an emotional and stressful time. We are experienced in looking after estates and notifying relevant organisations of your loved ones passing. When you are ready, please contact our office to get started.

I am new to bookkeeping and don’t know how to use the software. Can you show me how to get started with looking after my business?

We sure can! Our staff are experienced with a range of bookkeeping software, including MYOB, Xero, Reckon and Cashflow Manager. We can help identify which is most suitable for you, and can guide you through running your own books and payroll system.

I need to apply for a Centrelink allowance but am getting lost in all the forms and evidence required. Help!

Our team at DMK Financial Services are experienced in dealings with Centrelink. If you don’t know where to start, or have begun the process and need assistance, please don’t hesitate to contact us.

Can’t find your questions above, or need further clarification? Contact us today!

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How can we help you?

Contact us at DMK or submit your inquiry online.

DMK Taxation & Business Solutions proudly associated with

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Looking for an accounting and business firm that will work with you?

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 5/46 Downey St, Alexandra VIC 3714
and located in Geelong VIC 3226
 (03) 5772 1915
 dmk@dmktaxation.com.au
 PO Box 136, Alexandra VIC 3714

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