We prepare Income Tax Returns and lodge them electronically with the Australian Taxation Office for the following:
Individuals including: Wage earners, Investors, Sub-contractors & Sole Trader Businesses
Preparation of FBT Returns
We can prepare and lodge your FBT Returns for your company, provided you supply the information required in a timely manner at the end of the FBT period (31st March each year). We can also advise you in relation to FBT and how it works.
Preparation of BAS forms
We can prepare and lodge your BAS forms for you on a quarterly, monthly or annually basis as required. You simply need to supply the information relevant to the BAS at least 2 weeks before the BAS is due for lodgement. We can also advise you in relation to how GST works and what you can and cant claim.
Preparation of PAYG Summaries
At the end of the financial year, it is necessary to prepare PAYG Summaries (or Group Certificates, as they used to be called) for your employees. If you provide your accountant with all the relevant information, we can prepare these PAYG Summaries for you, your employees and the Australian Taxation Office as required. We can also provide advice on many matters in relation to employees and your obligations.
Small Business Advice
Whether you are thinking about setting up a new business, or are currently running a small business, you should speak to your accountant. We can provide advice in all areas of running a successful small business, including budgeting and cash flow predictions.
ABN & GST Applications
We can apply for your ABN and GST Registration for your business and provide advice on the taxation requirements of this. We can assist you in any other registration requirements or de-registration of your business. We can also assist with any problems in dealing with the ATO.
Set-up of New Company or Trust or Super Fund
If you are thinking of setting up a Company, Trust or Super Fund, you should speak to your accountant before setting anything in motion. We can discuss with you the benefits and disadvantages of each type of entity to work out which is the best structure for you. We can also set-up your new company, trust or superannuation fund at a reasonable and competitive cost.
Self Managed Superannuation Funds
Self-managed Superannuation is a means of individuals taking control of the investment decisions involved in planning for their retirement. We look after all the compliance related to the administration of self managed funds and provide advice on the taxation issues. In terms of tax planning the benefits of investing money in a superannuation fund and taking advantage of the lower tax rates that apply can depending on your circumstances be an option worth considering
Company ASIC Forms
Each year, your company is required to complete an Annual Statement providing details to ASIC. We can complete this form for you and also any other forms you are required to lodge with ASIC.
Audit of small Clubs and Associations
Many small Clubs and Incorporated Associations are required to have their financial records audited each year. We can prepare financial statements and audit the clubs records. Please ring and speak to Robert Warner about a quote for your Club.
Assistance during ATO Audits
If you should be audited by the ATO - either a GST, Taxation or Superannuation Guarantee Audit, we will be there to supply advice and support during the audit. We can liaise with the ATO to reach an outcome satisfactory to both you and the ATO.
This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.