Our tax expertise will ensure that we make all the correct tax claims, minimise tax liabilities and help you avoid unnecessary & unwanted Tax Audits.
Accounting Systems Start-up Services
The set up of an appropriate data capture system is critically important as a starting point when you commence a business and especially where you are required to be registered for GST purposes ( Sales/Income threshold greater than $75,000 ).
We can help by getting the set up right for you with the appropriate software for your needs.
We can provide initial training to assist you in using the software.
Various applications are available and we will assist you in the selection.
Visit MYOB, our preferred software provider, and choose an accounting product suitable for your business needs.
Xero and Quickbooks are other software options available.
We prepare and lodge all types of Income Tax Returns as required for Individuals ( PAYG Employee, Sole Trader and Investor Returns ) and all Business types ( Partnership, Company & Trust ).
We also prepare Income Tax Returns for Self-Managed Superannuation Funds.
BAS & IAS Returns
We can assist you with the preparation and lodgment of your Business & Instalment Activity Statements. The preparation and lodgment of these documents will either be monthly, quarterly or annually depending on your registration requirements.
Electronic lodgment via a Registered Tax Agent will enable you to have automatic 30 day extention to the normal due dates for lodgment and payment ( except for Dec QRT lodgments as all due dates remain as 28th Feb for all lodgers )
Tax Planning Services
Tax Variations ( PAYG Withholding Tax / S1515 )
If you have an Investment Rental Property which results in a substantial annual Net Rental Loss and you would normally recieve the tax benefit by way of a sizeable tax refund at the end of the financial year, when getting your tax return lodged we can prepare and lodge a PAYG Withholding variation on your behalf.
This results in less tax being deducted from your wage during the year, therefore your net wage/salary is greater, which can help support some of the cash flow requirements of maintaining the loan repayment or annual running costs of the property.
We can assist you throughout the year, and especially closer to the end of the financial year, to identify and implement legitimate tax saving/reduction strategies that can legally reduce your tax liability.