We are the best choice for you! We will fix any problem quickly in a cost effective manner. Your books will be organised by reliable, trusted accountants. If you are just starting your business then this is a must have service to get you started on the right track.
Accounts Payable
Accounts Receivable
Bank Reconciliation
Payroll & Single Touch Payroll reporting
Tax Planning
Capital Gains Tax
Fringe Benefits Tax
Goods and Services Tax, PAYGI & PAYGW (BAS/IAS)
Income Tax (Individual, Company, Partnership, Trust and SMSF).
Cash Flow statement
Financial Analysis
Financial statements annually or on a regular or interim basis. Year end accounts including lease/CHP, depreciation schedule.
How you structure your business impacts everything else you do. We will help guide you through each step of starting a new business and help you understand what’s ahead.
No matter your business structure, you will have certain obligations to the ATO throughout the financial year. Elite Tax Hub team can ensure you abide by all obligations, and ensure all reports are lodged on time.
Elite Tax Hub can prepare payroll systems where all your employee’s records are stored, and entitlements are kept up to date, with PAYGW, obligations with super entitlements and STP reporting.
We can prepare monthly, quarterly and/or annual Profit & Loss Statements that reports the earnings and expenses of your business and the worth of your business. Provide consistent information for your decision making; planning and performance evaluation.
If your business turnover exceed $75,000, then you are required to register GST and lodge a BAS with the ATO
Your BAS will report your business revenue for the quarter, and any GST on both sales and expenses
Your BAS will also report employee wages and PAYG tax withheld.
By lodging your BAS through a registered tax agent, you will get an additional one month to lodge and make payments
Elite Tax Hub can prepare Goods and Services Tax (GST), Pay as You Go (PAYG) tax instalment, PAYG tax withheld, Fringe Benefits Tax (FBT) instalment, Fuel tax credits, on a monthly, quarterly or yearly basis.
You need to lodge your tax return if you earn more than the tax free threshold. Or you may need to lodge a tax return in order to get back some tax you paid. Even if you don’t lodge a tax return you must send the ATO a “non-lodgement advice”
We can efficiently complete your tax return with updated information from the ATO
Steps to lodge your tax returns:
– Review your situation
– Identify the deductions items
– Your tax return is prepared and reviewed by experienced tax accountant
– You will sign your tax return before it is lodged
Capital gains tax can be planned. We can advise you to use various tax vehicle when purpose and choose the right timing when dispose. Speak to us before you deal with your assets.
If you own an investment property, the Australian Tax Office allows you to offset the property’s loss against your other revenue streams. This means that you can claim a deduction for your investment property related expenses for the period your property is rented or is available for rent to reduce your tax liability.
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