Tax returns for businesses
Our accounting services have grown over the years by adding new branches and expanding our services to satisfy the increased complexity of our clients’ requirements. Our experienced team of qualified tax agents have many years of experience to meet your needs for more complicated returns such as:
- sole traders;
- rental property owners;
- private companies;
- partnerships;
- family trusts; and
- superannuation funds
We continue to offer benefits that, together, make our business one of the best of its kind.
- Timely, accurate and reliable tax returns.
- Using a unique and exclusive internal control system, our very own proprietary software to maximise your well-deserved tax refund!
- Up-to-date technology – such as the online form to automatically book an appointment.
- Extensive experience – our tax accountants draw from over 30 years’ experience.
- Up to date experience – cryptocurrency accounting and tax reporting.
Simple, hassle-free payment – we can deduct our fee from your tax refund.
Our experienced tax agents are on top of every tax change that can shape or break your small business. If your business is set up as a sole trader or partnership, we can help you. We offer a number of small business services to help streamline your finances.
As a business expands, individuals often consider establishing different structures to own and operate the business. Introducing a company entails additional responsibilities. Since a company is distinct from its owners, a separate tax return must be filed for the company. The company’s income and expenses are calculated, with the main distinction being the application of different tax rates. Ensure you don’t miss out on optimising your tax refund; let our tax agents handle the intricacies for you!
If you operate your business through a trust structure, the trustee is tasked with submitting a trust tax return. Each trust beneficiary, whether a company or an individual, is obligated to file their individual tax return. The trust is mandated to disclose its net income or loss, calculated as the assessable income of the trust minus deductions. TaxTips’ seasoned tax agents are ready to assist you with all the necessary elements for completing a tax return within a trust framework.
Ensuring that you never pay more taxes or bear excessive business costs is crucial. In a partnership, the business’s responsibilities and outcomes are equally distributed among all partners, leading to a shared distribution of income and losses. TaxTips is well-equipped to guide you through the intricacies of a partnership tax return, ensuring you maximise your returns!
Whether you’ve recently acquired an investment property or are considering one, it’s essential to comprehend the associated tax implications, including eligible deductions. Rely on the expertise of our seasoned tax agents to assist you!
In addition to your personal tax return, Self-Managed Super Funds (SMSFs) are obligated to submit an annual return following the completion of the SMSF audit. The ATO handles income from an SMSF similarly to individual income, necessitating tax payments when the fund generates income. Failure to file a return may result in ATO penalties, potentially diminishing superannuation concessions and impacting your retirement income. With our comprehensive understanding, TaxTips is here to assist you in establishing the optimal setup!