Tax for Companies and Individuals
Trusted professional service
- Here to help -
"In this world nothing can be said to be certain except death and taxes"
Benjamin Franklin
It starts with simple bookkeeping, and we can either do it for you, or set up a system for you to follow.
Every payroll you have to pay employee Super immediately to their Super fund.
Every month or quarter you have to pay to the ATO the PAYG withheld from employee payroll.
This PAYG is reported to the ATO on the same return (a Business Activity Statement) as your quarterly GST.
GST is the difference between 10% GST charged on your Sales and 10% GST claimed on your business expenses.
Your business profits are subject to tax whether you have a company or operate as an individual or partnership. We help you to follow the ATO rules, for example, the extra deductions you can make for tax when you invest in assets for your business.
The annual tax return for your business can be an opportunity to manage how you reward yourself for your endeavours and we can assist in planning how you do that tax efficiently.
So, we can help to:-
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set up your bookkeeping
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manage your bookkeeping on an outsourced basis
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run your payroll and keep records of PAYG withheld and ensure that Super is paid
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submit monthly BAS with PAYG
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submit quarterly BAS with GST & PAYG
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submit an annual tax return for your business (Individual, Partnership, Company or Trust)
Please feel free to call or e-mail any special requirements for your circumstances. We recognise that every business is unique.
Using a tax agent ensures you are up to date with ATO practice in a given tax year.
We also offer the expertise to assist in planning - there isn't any point in paying unnecessary tax, but its also not cool to miss something and face fines or an unexpected tax demand.
Did you know that you get longer with a tax agent? DIY taxpayers have to submit by 31 October (4 months), but with a tax agent the due date becomes 15 May in the following year (10.5 months). We encourage you to get it done early but the extra time can be useful.
Tax is only one part of your personal finances and we also work with a financial planning team at Hartley Financial Group to help you to structure your affairs for your current lifestyle; to plan to support your family; and, to plan to support yourself into retirement.
