Tax Accounting Advice is your dedicated partner for personalized tax, accounting and beyond.
At Tax Accounting Advice: we're more than just numbers.
We are your dedicated partners in navigating the intricate world of personal and business tax, accounting, payroll & book-keeping. With our commitment to service excellence and industry expertise; we empower our clients with high-value and affordable financial solutions tailored to their unique circumstances.
Reasons Clients Choose Us
| More Involvement |
| We see our clients at least quarterly and in many instances on monthly basis. This provides our clientsthe opportunity to ask questions and gain a greater appreciation of the day to day decisions that impact on tax. |
| More Financial Awareness |
| During our meeting with clients we go through their Business Activity Reports (BAS), Profit & Loss Reports, Payroll activities and end of year tax returns and financials. This provides animportant opportunity to clients to gain a real understanding ofthe work we did and what we implemented andhow much tax was saved. |
| Tax Planning |
| We do Tax planning as an ongoing process that minimises taxes, maximises tax credits and protectsassets. We do tax planning strategies for our clients on anannual basis, which we review at least two time in year. We find tax savings that are at least double our fees in doing this work. It makes the investment decision in doing a tax plan easy. |
| Cloud Accounting |
| We are Xero Certified adviser and MYOB partners. There is an ample opportunity for the client to reduce workload, save time and cost. In addition, we access client data online and in real-time to solve client problems as it exists. |
Tax & Accounting monthly pricing packages for small businesses
We offer "fixed-fee packages" to our client for tax accounting & advice services, considering client business needs. Further, we provide clients with a plan-of-action and help with the updated legislation utilizing the leading-edge cloud accounting software.
Check our low price illustrative Packages.
GST, BAS or Activity Statement
The Business Activity Statement (BAS) is a tax reporting requirement for businesses by the ATO on either a monthly or quarterly basis. It’s used for reporting and paying goods and services tax (GST), pay as you go (PAYG) installments, PAYG withholding tax and other tax obligations. When you register for an Australian business number (ABN) and GST, we will prepare and send you a BAS when it is time to lodge.
All businesses registered for GST are required to lodge with ATO a BAS before the due date.
Tax planning is an ongoing process that minimises taxes, maximises tax credits and protects assets.
We proactively look for and recommend ways to minimize your tax liabilities throughout the year, not just at the end of the year.
We will consider, tax-saving opportunities appropriate to your situation, some examples includes:
- Income splitting,
- Income averaging,
- Tax credit, government grants and deduction optimisation,
- Business structuring,
- Superannuation, & more.
The information discussed should not be relied upon as specific professional advice. Please contact us to obtain specific advice in relation to your particular situation.
All businesses must comply with Australian Tax Office obligations; most important of which are related to Goods and Services Tax (GST) and income tax on profits. Tax compliance further include guarantee superannuation deposits, fringe benefits. Any businesses that are found not be in compliance will face hefty fines and possibly other penalties.
You may also be required to register for Goods and Services Tax (GST & BAS) if you have a GST annual turnover of greater than $75,000 and register for monthly Installment Activity Statement (IAS) if you annually withhold tax is more than $20,000. Payroll Tax is payable if your business employees a high number of staff and the threshold varies according to the laws of the states.
Up to $30,000 Instant asset write-off Scheme
If you are small business with turnover of less then 10 million you may be entitle to significant tax deuction this year
Here are things you need to know about immediate write-off deduction scheme:
- Your asset need to be purchased and installed before June 30, 2019;
- You can claim multiple assets as long as each is under $20,000;
- You can claim assets that are purchased & installed;
- You can claim percentage that's used for business;
The information discussed should not be relied upon as specific professional advice. Please contact us to obtain specific advice in relation to your particular situation.
