Accounting & Taxation
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
Accounting Systems Startup Services
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 Threshhold 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.
- MYOB ( preferable for all business types )
Various applications are sold, and we will assist you in the selection. Visit MYOB choose an accounting product suitable for your business needs.
- Excel Based Cash Book ( recommended only for Sole Trader activities )
View/Download - Sample Cash Book
We can tailor and construct a cash book to suit your business requirements.
Interim Financial Statements, Cash Flow Reports & Budgets
We can work with you to prepare any of these when and as required by you.
Taxation
Tax Returns
We prepare all types of Tax Returns as required for Individuals ( PAYG Employee, Sole Trader and Investor Returns ) and all Business types ( Partnership,Company & Trust ).
We also prepare returns for Super Funds.
BAS & IAS Returns
We can assist you with the preparation and lodgment of your Business & Instalment Activity Statements. Return preparation and lodgment will either be monthly, quarterly or annually depending on your registration requirments.
View - ATO GST Publication for Small Business
Electronic lodgement via a Registered Tax Agent will enable you to have automatic 30 day extention to the normal due dates for lodgmnt and payment ( except for Dec QRT lodgments as all due dates remain as 28th Feb for all lodgers )
Tax Planning Services
ax 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 & lodge a variation on your behalf.
This results in less tax been deducted from your pay during the year, therefore your Net wages/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.