For small business owners, we’re much more than your one-stop tax shop. We offer additional services to keep your finances streamlined, and beyond small business tax returns, we can help you control your cash flow with professional bookkeeping and BAS services.
Support for sole traders
We can register you for an ABN as a sole trader and, if required, GST as well. We can also lodge any tax obligations required from these registrations going forward.
Support for partnerships
Our team can assist you in setting up a new partnership TFN and ABN, and guide you as to how to manage your ongoing business and tax obligations.
Ongoing business and accounting support
In order to ensure your new enterprise is as tax efficient as possible, we can support you with record keeping to ensure you are claiming all of your entitlements. We can also provide professional bookkeeping services that enable you to run your business more efficiently.
We’ve put together some commonly asked questions to give you more information about our services.
Going from an individual return to creating a partnership will add an additional return, but could maximise profits for your business. You can contact us to discuss whether a partnership or sole trader is the correct choice for your business, and we can handle partnership registration if you would like to go forward.
You are required to register for GST if your business has an annual turnover of more than $75,000. Once registered, you are required to charge your customers GST. We can advise you on the process you need to follow to register for GST.
If you carry out all or part of your business from your home, you can claim some portion of the running expenses associated with your home office, including electricity, heating and depreciation of office equipment. Make an appointment to meet with our team and we can advise you as to the sorts of deductions you might be entitled to.