Tax Accountant in Melbourne West

Tax accountant in melbourne west

BUSINESS TAX RETURNS

We take the stress and confusion out of Business Accounting and Tax Compliance

"Our role as your business accountant and tax advisor is to take the overwhelm out of business accounting, tax and GST obligations, allowing you to focus on growing your business".

eSTEBAN CASTRO

Tax Accountant

Business Tax Accountants in Melbourne West

Business tax returns can be very complex and time consuming, however with our assistance and with forward planning we can help you to make this much simpler and reduce the amount of time you need to devote to this whole process significantly.

At the end of each financial year your business needs to ensure that all the accounting and bookkeeping for the financial year is complete. From this information your tax return, including all the required reports, can be completed.

We prepare business tax returns for all entity types including:

Sole trader tax returns
Company tax returns
Trust tax returns
Partnerships tax returns; and
Self-Managed Super Fund tax returns

GST and Business Activity Statements (BAS)

It’s important to know when your business is required to be GST registered. If you are a GST registered business, are you correctly reporting your GST each month or quarter? Your business bookkeeping records will be the source of your Business Activity Statement reporting. But are you certain that your business bookkeeping record is accurate?

According to ATO data, only 53% of businesses use a registered tax agent to lodge their BAS, with the rest choosing to self-lodge. As experienced tax accountants, we find this statistic very alarming. Business owners should not underestimate the complexity of GST reporting. The BAS form may look simple – but GST tax law certainly is not simple.

Many business owners think they are up to the task of doing their own bookkeeping and self-lodging their BAS. Yet, in our years of preparing BAS for businesses it is rare that we are presented with accurate client bookkeeping records that don’t require our expertise to correct fundamental errors.

Don’t risk under or overpaying GST. Speak to us about our BAS services to ensure that you are not exposing your business to an ATO review or cash flow issues.