Business Taxation and Compliance

Are you in control of your business finances?

Falling behind in your tax obligations is a far too common scenario and can be detrimental to the success of your business. Keeping up to date with tax regulations can be a challenge for most business owners. We know the juggle and the struggle and the chances are you don’t have the time to dedicate to keeping your business finances in order.

Enter AGS Accounting Business experts…

The tax environment is ever changing and increasingly complex, it is the mission of our experienced advisors to take away the worry and the stress and give you the complete confidence that we will keep you on the right track with all of your compliance obligations. As your “partners” we will work with you to educate, share our knowledge and advise on strategies to improve your performance and bottom line.

Services click to expand

•Review of your financial information
•Review of your computerised accounting records
•Review of your cashbook/general ledger to ensure correct income and expense classification
•Reconciliation of cashbook and bank account
•Reconciliation of annual PAYG payment summary statement and PAYG payment summaries to the financial statements
•Review and adjustments to Depreciation Schedules
•Review and reconciliation of GST received and paid
•Preparation of required adjusting entries
•Preparation of Trading Statement, Profit & Loss Statement, Balance Sheet, and Notes to The Accounts
•Preparation of Income Tax Returns
•Calculation of your taxation refund/payable
•Advice on your taxation position
•Electronic Lodgement of Income Tax Returns
•Checking and forwarding Notices of Assessment from the A.T.O.
•Preparation of Minutes of Meetings
•Discussions with you about your Financial Statements and Income Tax Returns

•Review of your financial records
•Examining GST codes
•Calculation of amounts on your BAS/IAS
•Preparation of BAS adjustment entries
•Advising you of adjusting journal entries and tax code changes
•Advising you of your tax liability/refund and the due date for payment
•Preparation and Electronic Lodgement of your BAS/IAS.

•Review of your FBT Information
•Calculation of amounts on your FBT Return
•Advising you of adjusting journal entries and tax code changes
•Advising you of your FBT tax liability and the due date for payment
•Preparation and Electronic Lodgement of your FBT Return.

•Correspondence with the Australian Taxation Office in relation to all your taxation matters
•Preparation and lodgement of request remission of General Interest Charge (GIC) and Penalties
•Track status of GIC and Penalties remittance and correspondence to the ATO

•Review of your year to date income and tax situation
•Estimate of your estimated taxable income for the year ended
•Preparation of Tax Planning Report including detailed recommendations

•Preparation and electronic lodgement of your Business Activity Statements
•Review of your financial records
•Examining GST codes
•Calculation of amended amounts on your BAS
•Preparation of BAS adjustment entries
•Advising you of adjusting journal entries and tax code changes
•Advising you of your amended tax liability/refund

•Initial meeting / discussions with AusIndustry R&D Specialists
•Follow up meeting to discuss our findings
•Preparing R&D Tax Incentive Schedule
•Preparing Company Tax Return

 

Contact us today to connect with one of our business taxation specialists accounting@agafinancialgroup.com.au