Setting up a new business

Australian Tax Returns provide taxation services for those setting up a new business or contemplating purchasing a business. Among the services offered include:

• Options on the best structure for tax and business purposes
• Assistance with formation of the company
  
  • Company name
  • TFN and ABN/ CAN numbers
  • Company returns required by ASIC
  • Superannuation requirements
  • Payroll services

On going services include:

Bookkeeping

Bookkeeping and accounting services will provide business owners with assistance in maintaining an accurate set of accounting records. Australian Tax Returns:

• Prepare and reconcile bank receipts
• Process journal entries – checking and verifying supporting documentation; preparing journals; entering data into system; checking journal processing report and file.
• Documentation
• Prepare and maintain financial records – prepare and maintain daily/weekly/monthly financial records; prepare and maintain the general ledger; balancing final general ledger accounts and preparing for the end of period financial reports.
• Process payroll

Lodgments – Income Tax / B.A.S / G.S.T / F.B.T returns

• Prepare income tax returns – including assessable income; tax deductions; group certificates, eligible termination payments; depreciation; rebates; exempt income; capital gains tax; superannuation lodgments; electronic lodgment of tax.
• Prepare and lodge Business Activity Statements (BAS), Goods and Services Tax (GST) and Fringe Benefits Tax (FBT) returns

Assistance with ATO

Audit assistance can be provided on:

• correspondence received from ATO
• responding to ATO
• your options
• preparing for the audit