ACCOUNTING & TAX COMPLIANCE
KEEP YOU UP TO DATE

Accounting and Tax Services for Business and Individuals

As our name suggests, our core service is accounting and tax compliance, because we understand that reporting is not just mandatory it is an essential part of owning and running a business.

We are here to assist you manage your compliance and reporting obligations and to eliminate any issues, therefore avoiding potentially significant penalties for failing to deliver.

You can leave the accounting and compliance to us and focus on what you do best; managing and growing your business.

We can get involved at any stage – from setting up new businessBusiness Advice, to taking over from your in-house bookkeepers and accountants when required. This keeps your records accurate, up to date and processed with minimum disruption to your business.

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What we can do for you:

  • Preparation of financial statements

  • Preparation and lodge tax returns

  • Tax planning

  • ASIC/Corporate Secretarial

  • Business & Instalment activity statements

  • SMSF creation, reporting & compliance

  • Fringe benefits tax (FBT)

  • Taxable Payment Annual Report (TPAR)

  • Payroll Tax

  • Land Tax

  • Entity setups and Registrations

  • ATO Administration

My Accounting Advantage also offers other statutory reporting requirements e.g. superannuation obligations.
For business structures including: Sole trader, company, partnership, trust and self-managed superannuation fund (SMSF). See our Business Advice Page

How we help you save time and money

Financial Statements

Financial statements provide facts regarding your business performance. You can utilise this report for productivity analysis and an all-important link to your taxation position and financial compliance. Banks and other finance companies require financial statements for funding, and your statements offered transparency for your shareholders and business partners.

Tax Compliance

We review your financial records for accuracy and completeness before preparing your tax returns. With our extensive knowledge in income tax law we prepare your tax returns with tax minimisation in mind and will complete your tax returns with the best tax outcome.

Activity statements

We review your quarter/monthly financial information for correct treatment of GST, so you don’t miss out on any GST credits.

We can then prepare and lodge your activity statements with the ATO.

Fringe benefits tax (FBT)

FBT is another type of tax involving employee benefits. We can provide you with advice in relation to FBT and take care of your FBT reporting obligations.

Land Tax

If you own investment properties, you may need to review your land tax reporting obligations. We can offer advice about your land tax, and take care of any ongoing compliance responsibilities.

Payroll Tax

After your business exceeds certain payroll thresholds, payroll tax reporting becomes an ongoing concern. We can advise you in this area and manage your ongoing compliance for you.

Entity Setups and Registrations

Whether you’re just starting your business or wondering how to start a new business, we can help you with the right advice tailored to your circumstances.

Our director is specialising in business structures and she will be sure to review your situation and provide you with the right structure to start your business.

If you already have an existing business, you might benefit from having an entity change.

We will make sure your company, trust, partnership, superannuation fund or other entity is established in a legally effective and cost-effective manner.

ATO Administration

Dealing with the Tax Office can be time consuming, tiring and confusing.  Let us represent you and achieve result in one telephone call. We liaise with the Australian Taxation Office regarding matters such as your tax returns, BAS, IAS, payment arrangement and regular ATO correspondence.

ASIC/Corporate Secretarial

Let us manage your ASIC/corporate reporting and free your time to focus on what you do best. Whether it be annual ASIC returns, director appointments, share issues or other corporate compliance matters, we’ve got you covered.

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