Save time and let The Tax Factor take care of your business tax returns
As a small business owner, managing your financial and tax obligations can be daunting. The Tax Factor has experienced accountants and tax agents ready to assist you to make this process quick, easy and straightforward.
If your business is set up as a company, trust structure, partnership or sole traders, it’s a requirement that you submit an annual tax return and lodge it with the Australian Taxation Office (ATO). You may also be required to file a personal tax return. The ATO has very strict guidelines of how this process should be undertaken.
It’s recommended that you work with an experienced professional such as The Tax Factor to manage your business tax returns.
As part of your business procedures, you should keep accurate records of your income, expenses and potential deductions.
Submitting a business tax return is different to your personal tax return as there are many strategies you can implement to reduce the amount of tax your company has to legally pay. It is vital that you get the right advice early to ensure that you are making the best decisions for your company’s future growth and tax strategies.
Such as Small businesses (sole traders, partnerships, companies and/ or trusts with a turnover of less than $2 million) may be eligible for a range of tax benefits including immediate write off of assets costing less than $20,000, a 28.5 per cent company tax rate, simplified depreciation, capital gains tax concessions and accounting on a cash basis.
Call The Tax Factor today and see how we can help you manage your business tax returns, on 1300 Tax Factor (1300 829 322) or complete our online form.