An accountant that is preparing tax returns. Accounting and tax return documents, pages and calculators. An elderly couple planning with their superannuation funds. A business man working on his investment property in Gordon.

Small Business

Almost all large businesses commenced at some time as a small business. Small Business is generally defined in Australia as being a business with turnover less than $2million. Small businesses receive tax concessions not available to other businesses. This includes:

  • The ability to report on a cash basis rather than complex accrual methods
  • Attractive depreciation deductions
  • Generous capital gains tax concessions for later disposal of the business.

Small business client generally require guidance and advice from time to time on minor matters which they consider important. We welcome your enquiries at all times.

When starting or buying a business or franchise, the wrong advice can be very costly.

There are numerous issues to consider and we endeavour to make sure all our business clients are structured correctly for taxation purposes taking into account financial and legal considerations.

Managing a SMALL BUSINESS

  1. Correct structure - Sole trader, Partnership, Trust or Company.
  2. Correct Registrations - Income Tax, ABN, GST, Pay As You Go Withholding, FBT etc
  3. Correct Insurances - Workers Compensation, Public Liability & other
  4. Business Name - Registration of any trading names other than company name
  5. Review of Tax Issues - Any tax issues specific to your business.
  6. Employment issues
  7. Bookkeeping & records
  8. Lodgement support
  9. Annual Reporting and Tax

Starting/Selling-

  • Business structuring
  • Valuing a business
  • Review of your existing business structure
  • Finance requirements
  • Registrations
  • Software Selection

Businesses Financial Options

  • Planning equipment/vehicle purchases
  • Government assistance, subsidies and grants, including R & D grants, export incentives etc.
  • Re-financing
  • We can refer you to specialists in dealing with creditors, business reconstructions and voluntary administrations
  • We have a network of specialist advisors who can assist in all related tax and financial matters.

Latest Accounting News

  • ATO increasing data exchange with international regulators

    Data sharing between tax regulators in different countries is rapidly increasing with the ATO turning in around 30,000 US expats to the IRS just last year according to a US tax lawyer.

  • Our 'hardest' SMSF tasks

    What are the hardest aspects of running your self-managed super fund (SMSF)? There are certainly more and more tasks and professional help my be needed to manage them properly.

  • Uber drivers hit for 10% tax

      In a recent decision, the Federal Court has held that the UberX service supplied by Uber’s drivers constitutes the supply of “taxi travel” for the purposes of GST. 

  • Lack of literacy promotes unrealistic goals

    A large proportion of Australians have unrealistic retirement goals.  (NB: There are financial tools on this site that can help as too can a financial planner)

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.

Bookkeeping

Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.