BuildGrowth Accounting Services - Tax Returns & BAS

BuildGrowth Accountants | CPA & Xero Certified Advisor

Do You Need A Tax Accountant?

For small to medium-sized Melbourne businesses, reporting and taxation is a time consuming reality. As a business owner, you know the importance of keeping accurate records, so you can forecast and plan for taxation, cashflow and profit. When you’re in a growth phase, it’s all too easy, and common, to neglect this part of your business because of more important priorities.

Many business owners don’t have the time or aren’t in a position to provide the level of detail required by the Australian Tax Office (ATO) for reporting and taxation. ATO forms can also often be very confusing. All of this means that many businesses can end up overlooking and falling behind with reporting and meeting their taxation obligations. This is where an experienced tax accountant in Melbourne can help.

If you think your business could use assistance with reporting and taxation BuildGrowth can help. We are experienced tax accountants in Melbourne, offering affordable and efficient solutions for handling your daily record keeping and tax obligations.

We can prepare and complete your annual company tax return, as well as help your business meet its monthly or quarterly BAS & GST requirements. As Certified Practicing Accountants (CPA) we can advise you on how to streamline your accounting processes so you can run your business better and realise your growth potential sooner.

Company Tax Returns

All companies are required to complete an annual tax return by the ATO, even if your business operated at a loss for the last tax year. To make sure that your tax return is completed properly, and that you’re not paying more taxes than you need to, use a qualified business accountant at BuildGrowth.

We can help you prepare the income tax records you need and make sure your tax return is completed and submitted on time to avoid penalties. We give you peace of mind that you are ATO compliant.

Business Activity Statement (BAS)

This is a form submitted monthly or quarterly for any business registered to pay GST. It is a way of reporting your taxation obligations to the ATO and is used to pay GST and pay as you go (PAYG) tax. A BuildGrowth tax accountant in Melbourne can assist with lodging your BAS statement on time and paying your tax to ensure that your business runs smoothly and you don’t get behind in your tax payments.

If you don’t stay on top of your BAS and PAYG tax payments, you’re likely to face a hefty bill at the end of each tax year.

Record Keeping For Business

To complete BAS forms easily you need to keep all your records in order. To claim GST credits, you need to keep all invoices for things you buy, as well as all your business invoices.

Accurate record keeping, therefore, is important in order to make sure you’re meeting all your tax obligations and not paying more tax than you should. Using a skilled accounting firm like BuildGrowth for record keeping is a major advantage as it saves you valuable time. Time that you can use to focus on your growing business.

In terms of technology we recommend, and only use, Xero software for efficient electronic record-keeping. Xero helps make record keeping a breeze so you can easily meet your company taxation obligations.

Income tax records can include:

  • income and sales – sales invoices, receipts, cash register tapes and cash sales
  • purchase and expense – tax invoices, cheque book records, and receipts
  • year-end records – list of debtors and creditors, stocktake sheets and depreciation schedules
    bank records – bank statements and loan records
  • goods and services (GST) – tax invoices from suppliers.

Staff or employee records can include:

  • tax file number (TFN) and withholding declarations
    records of wages, allowances and other payments
  • superannuation records
  • fringe benefit tax (FBT) details.

 

Find A Business Tax Accountant In Melbourne

If you’re a small to medium-sized business struggling to meet your reporting and tax obligations then BuildGrowth can help.

BuildGrowth are Certified Practicing Accountants (CPA) and a full service boutique accounting firm. We offer a level of personal that many other larger accounting firms can’t. If you’re needing assistance with daily record keeping, company tax returns and GST & BAS statements, contact us for a discussion about the ways we can help. With BuildGrowth as your Melbourne tax accountants, your business will be on the right track for success.

Other Accounting Services:

Our Tax accountants do more than just business tax returns. We provide a holistic business accounting service across all aspects of your business finances. We are certified Xero accountants.

Tax Structures

Our tax accountants can advise and set up the best tax structure for your business and put you in the strongest position to continue to grow.

Forecasting

We provide experienced growth and cashflow forecasting for your business, to help you plan and realise your goals.

Accounts Processing

Our tax accountants can help manage your accounts, pay your bills and keep you up to date with regular expenses.