Tax Accounting Services
Here are the ways that we can help you focus on the more important things in your life or business:
Tax planning and returns for Individuals, sole traders, Partnership, Trust, Company
Identification and preparation of the required taxes for your business – whether it’s a sole trader, Partnerships, Trust or Company.
Business Activity Statements (BAS) Or Instalment Activity Statement (IAS) Preparation And Lodgement
It’s part of our mission to help our clients prosper financially. We try to really know their businesses and suggest ways to improve efficiency, lower expenses, increase revenues and lower their tax burden – factors that improve profitability.
Bookkeeping, payroll preparation and compliance
Save valuable time, avoid errors and non-compliance by delegating these important tasks to the experts. The payroll process includes the computation of withholding taxes.
Trust deed
A trust deed is a legal documentation of the rules that cover the trust or other forms of financial arrangement you choose to protect your financial assets. While the owner specifies the terms, the document should be created by someone with the expertise on the legal and financial aspects of trust deeds.
New business set up – company, partnership or sole trader registration
There are many steps in setting up a new business. Choosing a business structure, creating a business plan and registering a business name are just a few of the tasks that go with setting up a new business.
We can help you find out if you don’t need to register your proposed business name or if it’s available.
The type of business structure determines the registrations, taxes, licenses and other requirements for your business. We can help you decide on the best structure for your business.
Business Plan
We can work together to prepare a plan that would provide your business with the direction and guidance to achieve your goals. Aside from the basic parts commonly found in business plans, we consider the following very important components of a plan.
- Acquisition/ exit strategies
- We can never tell the future of the business. It is best to have the plan for expansion or exit from the very start.
- Growth planning
- Budgeting and forecasting
- Cash Flow Projection
ASIC services
We have the expertise to provide various services dealing with Australian Securities and Investments Commission (ASIC). As a registered ASIC agent, Vini Raval can perform electronic lodgment of
- Company changes such as:
- Share allotments (Issues), Share transfers
- Resignation of directors, Appointment of directors
- Change of address
- Annual ASIC company statements
- Company constitutions
- Formation of new companies
- Formation of new trusts
- Company searches
- Minutes of Meeting as per ASIC requirement
Application for Australian Business Number (ABN)
Application for Tax File Number (TFN)
The TFN is issued by the Australian Taxation Office (ATO) as a unique identifier that is permanently assigned to tax-paying individuals or organisations.
Registration of pay as you go (PAYG) and GST
PAYG is generally the tax withheld from employees’ salaries as well as from suppliers or contractors. GST is the 10% sales tax on most, not all, goods, services and other items sold in Australia. We will help you determine whether you should register for Pay as you go (PAYG) and goods and services tax (GST) or not.
Contact us so we can discuss how our services can help you and your business.
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