Individual Tax Returns

With more than 60 years of experience in the taxation industry, we can help you with everything from a basic PAYG tax return to complex investment-related returns.

We help you stay up to date with all your tax returns, from managing deductions to keeping track of all expenses and informing you of relevant changes to Australian taxation law. We have a long track record of assisting individual clients in preparing and lodging their tax returns, with a focus on achieving the best possible outcome.

We work with individuals from a wide range of salary levels and with many different goals, guiding them through the taxation process to achieve the best results possible on their tax return. We help to avoid unexpected tax bills and keep our clients in the ATO’s good books.

At YINGXIN, we know that each client is unique, an individual who deserves focus and niche solutions to their problems. We treat everyone as a premium account and will collaborate with you to ensure the expertise and advice you are receiving is exactly what your need.

Make an appointment by contacting our office at (02) 9264 8988. Meet with one our tax experts and we will help you keep your taxes in order.

Business Tax Returns

Don't mind your own business

We give you a level of security for your business that you won't find anywhere else, and we're here to help you with every decision surrounding business tax. It is important to remain fully tax compliant. Your company's individual needs are unique and we can help you take care of your tax.

Working with us will pay dividends beyond simply minimizing tax and watching budgets.

Effective Tax Management

YINGXIN will assist you in setting up and introducing effective tax management processes at any step in your business. Ensuring that your business is ready to meet the ATO’s requirements is best done when starting your business, but we can also help when enacting these steps at later dates.

Business Tax and More

Looking after the company tax return for your business is one of the most crucial tasks for your accountant. We can make this process as streamlined and headache free as possible, ensuring that your return is lodged and that all paperwork is correctly filled and filed.

Trust & SMSF Tax Returns

Australian taxation law is among the most complex in the world, and SMSF tax is one of the most difficult areas.

Some taxpayers go it alone, managing their SMSF and all their tax returns without any expert help – and they often pay for it later when an unexpected ATO assessment hits them with thousands in taxes owing.

An SMSF tax problem can erase the valuable gains made within a super fund. That could be a disaster for you, as an investor and as a future retiree.

YINGXIN SMSF tax return team makes sure your Self-Managed Super Fund is ATO-compliant and their goal is to minimise your taxes, so you have more to retire on later.

Business Structuring

At YINGXIN we can help you start up and register your business entities. It’s important to remember to seek our advice on the range of business entities on offer that will best suit your needs depending on your personal circumstances and future goals.

We can assist you to register Self-Managed Super Funds, Company’s, Trusts, Partnerships and other entities depending on your needs.

Each entity has different implications and accounting methodology that is required at the end of each year. Some allow for greater flexibility than others in terms of the distributions of funds to trustees and beneficiaries.

We can guide you into establishing smart business structures that will work for you. You may find that the best solution to use a company as a business structure; trusts could be a better alternative for your needs. We can register these entities on your behalf to make sure you set up structures that protect assets and minimise tax implications.

Call YINGXIN today to find out more. We are the experts in restructuring and developing strategies to best manage business process that is aligned with your needs and requirements both from a business perspective and for personal wealth.

• The best advice to establish and manage entities to better manage wealth in terms of added flexibility in the distribution of funds
• We can register a range of entities from Self-Managed Super Funds, Company’s, Trusts, Partnerships and more depending on your needs. YINGXIN Accountants to see what works best for you.
• We can offer ongoing management of your entities to help you create a stable financial future with minimal complications and unnecessary costs.
• We understand the best solutions for your circumstances and forecast the best solution for what you wish to achieve in the future.

Commercial Loan

YINGXIN are experts in commercial and business loans. With great industry connections, YINGXIN achieves excellent results with quick turnaround times.

If you would like to purchase a commercial property or if you are interested in purchasing a business, YINGXIN has specialist commercial lenders who can evaluate the commercial lending market to find the most suitable product and apply for a loan on your behalf. We hold key relationships and have the knowledge and experience with all lenders which is important when presenting a transaction to the lenders. Our areas of expertise include:

Commercial Property - Hotels and Factories.

Business - Small or Large Retail Businesses, Accountancy Practices, Childcare, Nursing Homes and etc.

Trust Loan

What documents do banks look for?

When a lender receives a trust application they will carry out a full credit assessment to decide if they should approve the loan.

When assessing the loan they tend to look for:

• The type of trust: Trusts are assessed in many different ways. Some banks prefer discretionary or family trusts while others are happy with hybrid, property investor and self-managed superannuation fund (SMSF) trusts.
• The trust credit file: The directors and beneficiaries of a trust have credit files but did you know that trustee companies and, in some cases, trusts have a credit file as well? The banks check the file for applications to other banks and for any blemishes.
• The trust deed: The trust deed confirms who the beneficiaries and the trustee actually are. The deed will be checked to make sure that the trustee has the power to apply for loans for the trust.
• The loan structure: Many people choose to have the loan in the name of the trustee or director of the trustee company rather than in the name of the trust. In other words, the director of the trustee company is the borrower while the trust is the mortgagor. This is done to take advantage of negative gearing benefits when using a unit or hybrid trust.
• The beneficiaries: Did you know that some lenders require all adult beneficiaries to be guarantors? Most trusts have two, three or more beneficiaries and these structures can make it difficult to borrow money.

We know what the banks look for when it comes to trusts!

Benefits of buying property in a trust name:

Tax benefit

You may be able to reduce your tax bill by distributing income to family members with lower taxable income.

Asset protection

Trusts allow you to control and receive income from assets without having them in your name.

This may protect these assets in the event that you’re sued or you go through a divorce.

Estate planning

Some trusts may allow you to effectively pass assets on to future generations without paying excessive taxes or going through estate disputes.

Check out the trust information page for tips on investing using a trust.

Banks and other lenders in Australia tend to view trusts as extra work for them without any extra reward.

Trust applications are very complex, often with legal issues to consider, as well as more extensive paperwork to complete before approving the loan.

The majority of bank managers, mortgage brokers and credit staff don’t understand how trusts work so trust applications tend to get bounced between bank departments, resulting in delays and errors

On top of this, many bank managers don’t actually know if their own bank does trust loans as many banks have ambiguous credit policies.

One of Australia’s major banks in particular can’t lend residential loans for trusts simply because their computer system can’t handle them!
We are mortgage brokers that specialise in financing loans for trusts.

Please contact us on (02) 9264 8988 or complete our free assessment form to find out which lenders will allow you to borrow for your trust.

SMSF Loan

An SMSF loan is a home loan used by a self-managed super fund (SMSF) to buy an investment property. The returns on the investment – whether that’s rental income or capital gains – are funnelled back into the super fund, increasing your retirement savings.

Investing in property within superannuation is not as straightforward as investing outside the superannuation environment. All investments need to be in the best interests of fund members and in accordance with the laws around SMSF borrowing. As such, any property investment should have an income stream and realistic prospects for capital growth.

How will the banks assess my borrowing capacity?

The main hurdle encountered by most SMSF applicants is proving that there is sufficient income in the trust to support the loan.

Typically, the banks will look at the current income of the trust based on its previous two years tax returns and will then assess if that income plus the proposed rental income will be sufficient to service the debt.

Some lenders can also use the income of members or beneficiaries of the SMSF to support the application if a personal guarantee is provided.

You can use our SMSF borrowing power calculator to see how some of our banks would assess your situation.

Rules relating to Self-Managed Super Funds

There are special rules governing how super funds must be run:

• The fund must always be run with the sole purpose of providing retirement benefits.
• You cannot use an SMSF to gain early and improper access to superannuation.
• SMSFs can now borrow as long as certain requirements have been met.
• The SMSF trustee can either be a company owned by all members or all members as individual trustees.
• An SMSF can have between one to four members.
• The SMSF must always maintain and follow its investment strategy.
• The trustee must ensure that the SMSF complies with the Australian Taxation Office (ATO) regulations and guidelines.

How do I apply for an SMSF loan?

There are few mortgage brokers or bank managers that understand Self-Managed Super Funds (SMSF), and even fewer who are experts in lending to them.

By using our services, you can get the best advice for your SMSF trust loan with the cooperation of our lending specialist and senior financial planner.

Please call us on (02) 9264 8988 or fill in our free assessment form to discuss your loan with one of our mortgage brokers.