Taxation
Taxation
Tax returns (all types)
We are Public Practice Accountant, CPA and Registered Tax Agent. We have several years of experience in the field of Accounting and Taxation. We ensure that our clients are paying the utmost minimum they need to within the legal framework. We will check right through the clients return, so they can be assured that they will receive the maximum possible return from ATO.
The Taxation Services we provide include, but not limited to:
- Tax planning
- Review and advice on the best business structures to minimise tax
- Liaison with ATO
- Capital allowances and depreciation advice
- Year-end planning
- Capital Gains Tax (CGT)
- Fringe Benefits Tax (FBT)
- Rental Properties
Taxation
GST / BAS return
The business activity statement (BAS) is a tax reporting requirement for businesses issued by ATO on either a monthly or quarterly or annual basis. It is used for reporting and paying goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax and other tax obligations.
We do this as a profession therefore, we ensure that you report GST correctly, complete reconciliation of all GST control accounts, make sure your wages are correctly entered into the BAS, ensure any instalments are correctly entered, lodge your Activity Statement electronically, provide you with a complete BAS checklist and period reports showing how the GST was reconciled and provide you with a digital receipt of the BAS lodgement.
Taxation
TAX Planning
No one wants to pay an unnecessary amount of Tax. This is where Tax Planning in advance comes in. Tax planning in advance plays an important role to minimise tax and maximise refund, legally. Tax planning is the overview of financial planning which takes into account Investing strategies, Rental properties, Superannuation.
There are different Tax Planning Strategies some of which includes:
- Obtaining tax deductions
- Obtaining tax offsets
- Tax efficient investments
- Income splitting
- Pre paying interest or other expenses
- Netting capital gains
- Deductable superannuation contribution
We will overview your circumstance and plan your financial affairs without breaking any law. This will result in giving you the full advantage of all Exemptions, Deductions, Rebate and Reliefs. As a result, this will reduce your tax liability.
Taxation
TAX Advice
We share our knowledge with our clients, not only on how they can legally minimise their tax, but also provide advice on suitable business structure, efficient record keeping methods, cash control and regular monitoring of their financial aspects. We are up-to-date with taxation law and accounting standards and look at each individual separately to provide valuable service and satisfaction to our clients.
Our advice can be categorised as:
- Individual tax advice: We provide taxation services from single ‘payment summary’ holders to PAYG, ABN and investment property holders. We educate our clients on Negative gearing and capital gain tax.
- Business tax advice: based on the client’s situation, we advise on the best structure of business that suits their needs and set up such structure. We also inform our clients if there are any changes in tax law and possible impact it may have to their business.