Business tax
Business Taxes
What Business Taxes Mean for You
*Income Tax
Corporate Tax & Director Tax
*Goods and Services Tax (GST)
GST Registration & GST Collection
*Payroll Tax
State and Territory Tax & Superannuation Guarantee
*Fringe Benefits Tax (FBT)
Tax on Benefits & Employer Responsibility
*Capital Gains Tax (CGT)
Tax on Asset Disposal
*Excise Duty
Specific Goods Tax
Comprehensive Service Offering
Comprehensive Service Offering
Comprehensive Tax Consultation
Tax Planning and Strategy
Tax Planning and Strategy
Deductions and Credit Maximization
Ongoing Support and Education
OUR SERVICE
Income Tax
Businesses are required to pay taxes on their income. The rate and method of taxation can vary depending on the business structure (e.g., sole proprietorship, partnership, corporation).
Corporations are typically subject to corporate tax rates, while sole proprietorships and partnerships often pass income to owners, who report it on personal tax returns.
BAS- GST
Businesses with a turnover above a certain threshold $75,000 must register for GST, a value-added tax on most goods and services sold or consumed in Australia.
Registered businesses are responsible for collecting GST on sales and can claim credits for GST paid on purchases.
Payroll Tax
Payroll tax is levied by individual states and territories on the wages paid by employers. The rate and threshold vary by region.
Employers must contribute a percentage of an employee’s earnings to a superannuation fund, which is not a tax but a mandatory retirement savings scheme.
Fringe Benefits Tax (FBT)
FBT applies to non-cash benefits provided to employees, such as company cars, loans, or housing.
Employers are responsible for calculating, reporting, and paying FBT annually.
Capital Gains Tax (CGT)
CGT is applied to the profit from the sale of assets. Businesses must report capital gains, but exemptions or reductions may apply, such as for small business retirement exemptions.
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Excise Duty
Similar to excise taxes in other countries, excise duty in Australia is levied on specific goods, including alcohol, tobacco, and fuel.
Expert Support for Maximizing Business Tax Deductions
Description of your company, products, collections, and so on.
Identification of Eligible Deductions
We conduct a thorough review of your financial records to identify all potential deductions. This includes operating expenses, such as rent, utilities, and employee salaries
Maximizing Deduction Benefits
We work with you to develop strategies that align with your business goals, ensuring deductions are maximized where possible.
Documentation and Compliance
Our team prepares documentation to ensure you are ready for any potential audits, minimizing the risk of penalties or disallowed deductions.
Education and Support
Our experts provide ongoing support and tailored advice to help you understand and apply deduction strategies effectively.
Director Tax Assistance
Understanding and managing both personal and company tax obligations can be challenging for directors.Our dedicated services are designed to provide comprehensive support in these areas, ensuring compliance and optimal tax management
Individual Tax Planning
We work closely with directors to develop personalized tax strategies that align with their financial goals while minimizing their tax liabilities
Investment and Wealth Management
Providing advice on tax-efficient investment strategies and wealth management to help directors maximize their after-tax returns
Income Tax Returns
Ensuring all income sources are accurately reported and that directors take advantage of all available deductions and credits
Retirement Planning
Assisting directors in planning for retirement with a focus on tax efficiency, including superannuation contributions and withdrawals
3 STEPS
Three Essential Steps to Navigate Business Tax Successfully
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