Quarterly Reporting and BAS Lodgement

We offer a variety of services around monthly and quarterly BAS reporting:

• We provide training in BAS lodgement to give you the freedom to lodge these yourself
• We can provide full BAS support by reconciling, preparing and lodging BAS on your behalf. For many clients we provide support as needed and only with BAS variations and Ad HOC queries
• We are qualified in a full range of services and accounting software to keep all your business compliance up to date

Single Touch Payroll Compliance

Single Touch Payroll (STP) is a recent regulation that changed when and how small businesses report payroll activity to the Australian Tax Office (ATO).  Historically businesses reported this information to the ATO at the end of the year. Now, they send a report each pay day. Those reports must be submitted digitally, using a very specific format.  The setup and ongoing maintenance of an STP platform can be daunting.

 We offer:

• Advice on setting up Single Touch Payroll to ensure you and your business are up to date and compliant
• A full service STP lodgement program for small businesses who need support with technology platforms
• Expert knowledge in the current and ever changing rules and regulations around STP as they are released by the ATO

Fringe Benefit Tax

FBT is paid by employers on certain benefits they provide to their employees or their employees’ family or other associates. FBT applies even if the benefit is provided by a third party under an arrangement with the employer.

We can provide advice around the best way to manage employee benefits to minimise FBT exposure. 

Tax Returns

Tax compliance requires diligence and proactive work throughout the year. We are always up to date with legislative changes and Australian Tax Office policies.  As well as full-service accounting work we offer once a year tax return preparation.  We can help with your individual and business tax returns.

We keep ourselves abreast of all opportunities for industry specific deductions for individual clients all current concessions available for small business to minimise/defer tax payable.

Tax Planning and Advice

It is beneficial to be proactive and get some help with tax planning during the financial year.   We can arrange tax planning meetings with our clients prior to June 30 each year to make sure you have the strategies in place to minimise unnecessary tax. We build a tax planning strategy for both the short and long term, tailored to your circumstances and future plans.

We can provide specific advice on many areas of tax law including:

• Small business capital gains tax concessions
• Capital Gains Tax and its impact on you
• Owner Builder and the tax implications of different choices you make along the way
• Employee share schemes
• Redundancy
• Fringe Benefits Tax (FBT) and salary packaging
• Research and development tax concessions
• Assistance with ATO tax audits and investigations
• Self Managed Superannuation Fund administration and regulatory compliance

Corporate Secretarial

We provide company secretarial services including expert advice and practical assistance in the setup and ongoing maintenance of companies and their boards. 

Some of the services we can help with include:

• Registering a company (company formation)
• Business name registration
• Incorporation of association registrations
• Change of company details including company name, registered office/business address, officeholders and shareholders
• De-registrations
• Company and personal searches
• Preparation of Australian Securities and Investments Commission (ASIC) database updates
• Annual ASIC company statements.

We can register and establish companies, discretionary trusts, unit trusts and Self Managed Super Funds. We can help you interpret clauses within an entity's constitution or deed to ensure proposed commercial transactions tie onto the framework.

Financial Reporting

As part of the tax return preparation for business we review your financial position and prepare an adjusted set of Financial Statements.  In addition to this yearly service, we can work with you to understand your goals so we are able to:

• Understand your unique financial reporting needs
• Prepare all financial statements required to fulfil your internal reporting requirements
• Provide professional financial statements ad hoc to present to lenders, stakeholders or potential investors
• Conduct a financial statement compliance audit to identify any possible risks