Business Compliance keeps you out of trouble. Gives you Peace of mind. Above all, you can’t run a ‘Business’ if you are not compliant. Compliance has enormous value when your accountants do it proactively. It means you get your numbers to have more lifestyle, freedom and sustainable profit instead of doing it for the ATO.

Are you interested to find out :

· What do you gain by being compliant?

· What pains does Proactive Compliance remove from your life?

· How do you know that you have achieved Proactive Compliance Status?

· How does being compliant impact your lifestyle, freedom and sustainable profit?

· What are the consequences if your business is not compliant with ATO, ASIC and other many regulatory bodies?

BAS & IAS

Business Activity Statements (BAS) are used to report and pay the GST that has been collected and paid by your business. Instalment Activity Statements (IAS) are used to report and pay amounts withheld from your employee’s wages and salaries. If you are a business registered for GST you need to lodge a business activity statement (BAS).

Super Reconciliations & Lodgements

Super, or superannuation, is money set aside during your working life for when you retire. For most people, super begins when you start work and your employer starts paying a portion of your salary or wages into a super fund for you. These payments are known as super guarantee contributions or concessional (pre-tax) contributions. We Prepare and lodge employees’ superannuation obligations including Reportable Employer Super Contributions

Tax Planning

Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency. … Reduction of tax liability and maximizing the ability to contribute to retirement plans are crucial for success. Proactive tax planning enables you to take advantage of tax strategies and concessions available. Through this, we also ensure you know your tax position well in advance of when it is due.

End of Year Accounts & Tax

If you are a business that is operating in Australia you must prepare accounts / financial statements based on the financial year end which is 30 June. The end of the financial year is an important time for your small business. You’ll need to complete bookkeeping, and tax returns and plan for the new financial year. We Prepare of End of Year Accounts / Financial Statements for Sole trader, companies, Trust & Partnerships & NFP’s

Business Owners ITRs

A tax return covers the financial year from 1 July to 30 June. When you lodge a tax return you include how much money you earn (income) and any expenses you can claim as a deduction. This information allows ATO to check how much tax you should have paid. If you have paid more tax than you need to, ATO will refund the extra amount to you (this is called a tax refund). If you have not paid enough then you may receive a tax bill.

Annual STP Review

Single Touch Payroll (STP), is a new way of reporting tax and superannuation information to ATO. With STP you report employees’ payroll information – such as salaries and wages, pay-as-you-go (PAYG) withholding and super – to ATO each time you pay them through STP-enabled software.

Trust Resolution

Trust Resolutions are ‘resolutions’ made by the Trustee, in accordance with the Trust’s Deed, to resolve who the Trust income is to be distributed to on or before year-end. It is also for trustees who wish to make beneficiaries specifically entitled to capital gains forming part of the trust capital. If a resolution is not effective, other beneficiaries or you (as trustee) may instead be assessed on the relevant share of the trust’s net (taxable) income. Where a trustee is assessed, that may be at the top rate of tax.

Annual Company Review

An annual review is a yearly assessment to ensure that ASIC is up to date with your company’s current details and ability to pay its debts. Your company’s annual review usually takes place on the same date that your company was registered. Your annual review is accompanied by an annual statement.