As a business owner or investor, it’s important to understand that a company tax return must be lodged every year if the company has been used for business operations or investment purposes. The tax return for a corporation can be complicated due to taxation rules applied to companies, but at iCare Super, we’re here to help. We offer strategic tax planning and compliance services to make the process as smooth as possible. Here are some of the services we provide:
- Company setup and TFN/ABN, GST & PAYG withholding tax registration: We can help you get your company set up correctly and register for all necessary taxes, including GST and PAYG withholding tax.
- Company financial reports and company tax returns: We’ll prepare and lodge your company tax return, as well as any necessary financial reports.
- Business activity statements: We can help you prepare and lodge your BAS, which is a statement that shows how much GST you’ve collected and paid.
- PAYG instalment statements: We’ll help you calculate and lodge your PAYG instalment statements, which are payments made towards your expected tax liability.
- Annual GST return: We’ll prepare and lodge your annual GST return, which shows your total GST collected and paid.
- STP reporting: We’ll help you comply with Single Touch Payroll (STP) reporting requirements.
- R&D grant application: We can assist with applying for the Research and Development (R&D) tax incentive, which provides a tax offset for eligible R&D activities.
- Capital gain/loss tax: We’ll help you navigate capital gains tax (CGT) rules, which apply when you sell an asset that has increased or decreased in value.
- Division 7A loan agreement and advice: We can provide advice on Division 7A loan agreements, which are loans made by a company to its shareholders or associates.
- Company cash flow and business/investment performance review: We’ll regularly review your company’s cash flow and business/investment performance to identify areas for improvement.
- Apply for cash flow or business finance: We can assist with applying for finance to help your company grow.
- Reduce company tax legitimately: We’ll help you find legal ways to reduce your company’s tax liability.
- Tax planning: We’ll help you plan ahead to minimise your company’s tax obligations.
At iCare Super, we understand that dealing with company taxes can be stressful and time-consuming. That’s why we’re here to provide support and advice every step of the way. If you have any questions or concerns about your company tax return, please don’t hesitate to contact us.