Collingwood Park Accountants

Filing your tax returns and knowing what deductions to write off can be challenging, even for the most seasoned people. Usually, you would need experience and constant updates on the new taxation requirements and updated deduction rules to be confident that you are getting the most from your tax system.

However, not everyone can learn to manage taxes and deductions, which is okay. It is just similar to how you may not understand surgery without studying for it.

That’s where we can help. We provide a Collingwood Park Accounting service for your small to medium sized business offering a free consultation.

Accountants greatly ease your burden, but big firms can be complicated to work with. That is why you need a small but well-experienced accounting firm to help you handle your taxation woes.

Tax laws are constantly changing and becoming complex. However, you do not have to deal with that alone; that is where we come in.

As tax accountants, we ensure that you, as an individual or company, comply with tax laws at all times.

This way, you can ensure that you operate within federal and state income tax regulations.

Who are we?

We offer taxation and planning advice to businesses and individuals to help you save money. We remain conversant with the constantly updated tax laws so that you can relax and run your business with one more minor issue looming over your shoulders.

As a business that prides itself in offering personalized services to our clients, you can expect the best services from us. You receive the best assistance while preparing your tax returns and gauging your financial needs.

Our Collingwood Park Accounting services:

Many business decisions end up in tax ramifications. If you do not pay close attention to your tax education, you may lose yourself in the complex world of tax returns and deductions. If you do business internationally, the complexities of filing returns worsen.

However, your tax planning woes will be over with a tax assistant, such as an experienced accountant. An accountant will help you develop a strategy around your financial situation to pay the least income tax possible.

Basic wage and salary returns

Are you an individual struggling to keep up with tax laws and filing your basic wage and salary returns? If you are self-employed, you would need an accountant to amend your previous year’s tax returns.

Also, as you get older, financial situations will become more complex. That means it becomes even harder to understand your taxes when buying your first home.

To avoid the trouble, you can rely on an experienced accountant to take advantage of tax breaks and ensure you optimize your deductions. One of the benefits you can get from filing your returns with us is a bigger tax refund.

We understand the dynamics of tax laws.

BAS

When you consider preparing your business activity statement, or BAS for short, it can break into a sweat. The ATO issued the activity statements so businesses could report and pay tax liabilities.

Usually, the BAS summarizes the business taxes you have paid or anticipate paying over a certain period. So, you need cash to spend after coming up with the statement. Therefore, it makes sense to find help to minimize your taxes.

As tax accountants, we focus on the details of your business. This way, we can capture everything so that you can keep a closer eye on your business.
Like BAS requirements, we include:

• Goods and services tax
• Luxury car tax
• Wine equalisation tax
• Fuel tax credits
• Fringe benefits tax
• Pay-as-you-go tax withheld
• Pay-as-you-go income tax installment

Sole trader returns and requirements

One problem that sole traders face in the industry is the lack of a wholly supportive accountant to keep up with their returns and tax requirements. However, we are different.

We understand that just because a sole trader may be legally different from a limited company, it does not make their work less valuable.

That is why we have experts trained to serve sole traders and help them with their tax returns and requirements. As a sole trader, you get the same support and encouragement as a limited company.

We help you:

• Pay income tax on your profits
• Send self-assessment tax returns annually
• Register for VAT
• Take care of all your tax obligations

Company returns

A tax accountant is an essential member of your corporate operations. They help ensure that your company and employees comply with tax laws by filing returns on time. Also, they ensure that the filings are accurate to avoid penalties and fines.

For a closer and more personalized experience, we offer the best services you would need for a developed company or a newbie to the field.

As your accountants, we will help you:

• Produce financial statements
• Prepare BAS
• Act as liaison between you and the ATO
• Prepare and file returns as per the tax requirements
• Provide financial and tax advice
• Set up new legal entities
• Answer your tax questions
• Create cashflow reports

Partnerships

Partnership taxes are complicated. However, we are here to simplify partnership taxes for you. As a partnership, you must pay your taxes per the profit distribution.

That comes in after the business pays its share of income tax.

Even in a partnership, you are responsible for your superannuation arrangements. That is where we come in. We help general partnerships, limited partnerships, and incorporated limited partnerships with their tax liabilities.

We help you create individual tax file numbers. This way, each partner can pay tax on their share of income to the ATO annually.

SMSF Returns and requirements

Working under the capacity of your SMSF accountant, you help you lodge your tax returns. For this, we follow your paper trail in the financial year and create a coherent picture of your tax obligation.

With each accountant having a financial service license, you can rely on us to give the best advice and save you from the daunting process of filing your returns.

Why choose us as your Collingwood Park Accountant?

From our wide range of services, you can relax and focus on running your business while we handle complex tax returns that work for you. Although there are many accounting firms in the market, we stand out due to our dedication and commitment to clients.

Here is why we are the best fit for your tax filing:

1. Our service area is vast, from individuals to companies and sole traders
2. We attend to both English and Vietnamese-speaking communities
3. Easier and accommodative appointments- we offer face-to-face meetings with possible after-hours appointments via prior arrangements.
4. Affordable fees with a refund option of $25 per return
5. We have friendly staff
6. We also personalize our services to suit your business and financial needs
7. Over 10 years of experience in the taxation industry

We also provide a Goodna Accounting service which is local to your area also.