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
We prepare and lodge Business Activity Statements (BAS) and Instalment Activity Statements (IAS) on behalf of our clients, ensuring accurate reporting of GST, PAYG withholding, and other ATO obligations. We handle monthly, quarterly, and annual lodgement cycles and liaise directly with the ATO on your behalf.
Rental Property Tax Schedules
We prepare comprehensive rental property tax schedules covering all deductible expenses including agent fees, rates, insurance, loan interest, repairs, and depreciation. We work with quantity surveyor reports to maximise depreciation claims under Division 40 and Division 43. Negative gearing benefits are clearly calculated and applied to your return.
Capital Gains Tax (CGT)
We assist with CGT calculations for the sale of investment properties, shares, and managed funds. This includes applying the 50% CGT discount for assets held over 12 months, FIFO methodology for share parcels, and cost base calculations. We also handle Employee Share Scheme (ESS) disposals including all major employer share plans.
Employee Share Scheme (ESS) Reporting
Employee share scheme income can be complex to report correctly. We handle ATO ESS reporting including discount amounts, deferred taxing point calculations, and reconciliation against employer ESS statements for all major employer share plans.
SMSF — Setup, Tax Returns & Compliance
We assist clients with the establishment and ongoing tax compliance of Self-Managed Super Funds (SMSF). Our SMSF services include SMSF setup and trust deed preparation, ATO registration (ABN and TFN for the fund), annual SMSF tax return preparation and lodgement, SMSF annual compliance and financial statement preparation, and assistance with audit arrangements.
Please note: Investment strategy, contribution advice, and retirement planning are financial planning services provided by a licensed financial adviser. We are not licensed to provide financial advice and recommend clients seek advice from a licensed financial planner for these matters.
NDIS Entity Accounting
We provide bookkeeping, BAS preparation, and compliance services for NDIS service providers and related entities, including sole traders and companies operating under NDIS registration.
Business Plans & Cashflow Projections
We prepare detailed business plans and cashflow projections for new and growing businesses, including startups, franchise operations, and businesses seeking finance or investor approval. Our projections include revenue forecasting, expense modelling, and scenario analysis to support informed decision making.
Due Diligence for Business Purchase — Accounting & Tax
Purchasing a business is a significant decision. We assist buyers with the accounting and tax side of due diligence, including review of financial statements and tax returns of the target business, assessment of revenue, expenses, and profitability trends, review of BAS lodgement history and GST compliance, identification of outstanding tax liabilities or ATO compliance issues, review of stock, assets, and liabilities, and preparation of a due diligence report for the buyer.
Please note: Legal and commercial due diligence should be conducted by a qualified solicitor. We provide accounting and tax due diligence only.
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, our principal 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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