Tax & Advisory
Our chartered accounting professionals offer a complete tax planning & advisory service package meeting all legal compliance requirements.
Income Tax Returns
No matter whether your business operates under a sole trader, partnership, company, or trust structure, our team can help you to prepare everything you need for your income tax return. Tax reporting requirements and due dates vary depending on your business structure, but you can rest assured that our experts will ensure you meet the compliance requirements for your business. That will allow you to concentrate on growing your business.
We’ll make sure that we claim all of the tax-deductible expenses and tax offsets that your business is entitled to so that you don’t pay any more tax than you need to. It’s important to understand that tax minimization is legal and a smart business strategy, tax avoidance is not (and carries heavy penalties). There are also penalties for not lodging your income tax return on time.
GST
Our team can help you with reporting and paying the goods and service tax (GST) by preparing and lodging your business activity statement (BAS) to the Australian Taxation Office (ATO). Whether you need to report and pay GST monthly, quarterly, annually (or at all) depends on the turnover of your business. If your business turns over more than $75,000 a year, you must be registered for GST with the ATO. Failure to lodge your BAS and pay any GST amounts owing on time can lead to heavy penalties.
If your annual business turnover is less than $10 million, we can also help you to account for the GST on a cash basis. This allows you to claim your GST credits in the same tax period in which your sales and purchases are made, helping your cash flow.
CGT
If your business makes a capital gain on the sale of assets during the financial year, you’ll be liable for capital gains tax (CGT). Our team can advise you on ways to eliminate, minimize or delay your CGT obligation, including taking advantage of concessions like the CGT 15-year exemption, the CGT 50% active asset reduction, the CGT retirement exemption, and the CGT rollover.
Don’t pay any more CGT than you need to. Talk to our team of experts if you’re thinking of selling an asset to come up with a tax-effective disposal strategy. We’ll also make sure you maximize the cost base of your asset to reduce your CGT obligation.
International Tax
International tax affairs are complex and vary from country to country. If your business operates internationally, it’s crucial to seek professional advice to arrange your business finances as tax-effectively as possible. It’s also important to ensure that you comply with all your tax obligations in all legal jurisdictions in which you operate. All countries have heavy penalties for tax avoidance.
Ignorance of international taxation laws is no excuse. Let our team of chartered accounting experts ensure your tax compliance in all your international markets, so you can concentrate on growing your business instead. We’ll provide you with all the advice you need.
FBT and Payroll Tax
If your business has fringe benefits tax (FBT) and payroll tax obligations, it’s important to have efficient systems in place to make reporting and payment as seamless as possible. We can help you with FBT reporting and payment by preparing and lodging your business activity statement (BAS) or implementing automated accounting software to help you do this task yourself.
Payroll tax rates and compliance obligations vary by State and Territory in Australia. Our expert team is across all the latest payroll tax rates and compliance requirements, no matter where your business is based. We can also help you prepare your installment activity statement (IAS) to help you with your pay-as-you-go (PAYG) tax obligations on behalf of your employees.
Land Tax
Land tax rates and compliance requirements vary by State and Territory in Australia. Land tax is levied on freehold land. If your business owns freehold land, key factors that will affect your land tax rates include how you’re using your land, its value, and your business structure. Our expert team is across all the latest land tax rates and compliance requirements across Australia.
We’ll make sure you pay the correct amount of tax for your land-based on your individual business circumstances. We’ll also ensure that you claim any exemptions or concessions that you may be entitled to.
Tax Planning
Effective tax planning helps you to ensure that your business doesn’t pay any more tax than you need to. It also helps to ensure that you budget effectively for your tax obligations, so you can make your tax payments on time. Those payments could include goods and service tax (GST) payroll tax, company tax, pay as you go (PAYG) income tax on behalf of your staff, capital gains tax (CGT), fringe benefits tax (FBT), and stamp duty.
Our team will help you to minimize your tax obligations through maximizing your tax-deductible business expenses, tax offsets (rebates), and concessions, as well as providing you with advice on tax-effective investment and operational strategies.
ATO Disputes
Resolving disputes with the Australian Taxation Office (ATO) can be time-consuming, stressful, and potentially expensive, especially if you don’t have the financial records or expertise within your business to fight the battle yourself. Our team of experts can liaise and negotiate with the ATO on your behalf. We’re very familiar with ATO dispute resolution processes and strategies.
We’ll ensure you get the best possible outcome with a minimum of fuss. Our service includes making sure that you don’t pay any more tax than you need to, as well as helping you to avoid or minimize any ATO penalties or costly litigation.
We are the experts to help
Get in touch with us today and let’s start transforming your business from the ground up.
Company & Business Tax
Our qualified chartered tax accountants can answer your tax-related questions and investigate all possible tax deductions so that you can maximise your personal tax return.
Business Tax Services
Taxation law in Australia is constantly evolving, impacting businesses and their subsidiaries in diverse ways. Navigating these changes requires company boards and management to remain vigilant about both domestic and international regulations, along with emerging technological and commercial challenges.
At BOA & CO Chartered Accountants
we specialize in helping businesses stay ahead in the complex world of taxation. From GST and FBT to income tax, we provide comprehensive advice and solutions tailored to your business needs no matter small business or medium to large company. With the Australian Taxation Office (ATO) focusing on compliance, staying on top of your tax obligations is more important than ever.
Our Business Tax Services
- Company Income Tax Returns
- Fringe Benefits Tax
- GST and Busienss Activity Statement
- ATO Compliance and Issues
- Business Accounting and Reporting
- Tax Advice and Planning
- Capital Gains Tax
- Payroll Tax
Sole Trader
A single individual is legally responsible for the business.
Joint Venture
Two entities take joint legal responsibility for a single business.
Company
A separate legal entity is responsible for the business.
Partnership
Two or more partners are legally responsible for the business.
Trust
A legal entity holds and distributeas business assets and income.
Trust & Investment Tax
roperty Investment Tax Changes
Property and Investment Tax:
BOA provides expert guidance on property and investment tax optimisation, including land tax, levy, stamp & foreign duties etc. Our goal is to help clients maximise returns on their property and investment portfolios while ensuring full compliance with tax laws.
Key Aspects of Our Property and Investment Tax Services:
Advanced Ownership Structure Strategies: Sophisticated structure and planning to ensure all aspects of taxes on property and investment income are considered for long term.
State Tax s: Navigate state-specific taxes such as land tax, stamp duty, and other obligations.
Capital Gains Tax Planning: Optimise strategies for managing capital gains from property and investments.
Deductions and Depreciation: Identify allowable deductions and depreciation benefits to reduce taxable income.
Loan & Leverage Planning: Mortgage and leverage implicate property acquisitions, sales, and investment decisions. We have in-house finance expert to work closely with accountants for solutions.
Tax Planning & Optimasation
At BOA & Co., we specialize in strategic tax planning and optimization to help individuals and businesses minimize their tax liabilities while ensuring compliance with regulatory requirements. Our tailored approach focuses on identifying opportunities to enhance tax efficiency, allowing our clients to retain more of their earnings and invest in their future growth. With a deep understanding of ever-evolving tax laws, we deliver proactive solutions that align with your unique financial goals.
- Strategic Tax Advice: Develop customized strategies to minimize tax obligations and maximise savings.
- Compliance Assurance: Ensure adherence to current tax laws and regulations to avoid penalties or risks.
- Effective Structuring: Optimise business and investment structures for tax efficiency.
- Proactive Planning: Anticipate tax implications of financial decisions and create forward-thinking solutions.
- Tax Incentives and Credits: Identify and leverage available deductions, credits, and exemptions.
Our expertise helps clients navigate the complexities of taxation while achieving financial clarity and long-term success.
Get in Touch
Make An Enquiry
Find out how we can help you. Simply fill out this form and one of our expert advisors will get in touch with you soon.
Phone
(02) 9170 1818
Address
See our Office