Are you worried about your company tax return obligations with ATO? We at SMS Accounting partners, team of tax experts are here to guide you from your tax time worries and get your Company Tax Returnsdone.
Our Experienced and qualified staff with all kind of tax structures thus can give you ATO-compliant tax returns and provide advice on how to minimize tax payable by claiming all eligible deductions that you may not have been aware of.
With the constant changes in the Australian tax laws, it is difficult to keep up to date with the rules and regulations of different fields. No matter what field you are in, whether it is in construction, medical or retail, SMS Accounting partners are constantly updated with the changes and will ensure that your tax returns are prepared in compliance with the ATO rules.
SMS Accounting partners will also remind you of your pending returns every year and thus you will be safe from lodging late tax returns and receiving to avoid a late lodgement penalty.
Starting 1st July 2015, the government has introduced a range of tax concessions for businesses with a turnover of under $2 Million. Contact us to learn more about the Small Business concessions like simplified depreciation ($20000 instant depreciation, small business pool etc.) and small business tax offset.The Company will generally pay tax at the rate of 28.5% of its net profit if it has an aggregated turnover is under $2 million. For Companies with an aggregated turnover in excess of $2million then the tax rate is 30%.
The 2016 Federal Budget has proposed to increase the threshold to $10 Million and reduce the tax rate to a 27.5% for small businesses, as part of a Ten Year Enterprise Tax Plan of the current government. Please refer to our blog section for further details. The legislation is pending approval of the budget.
SMS accounting partners is registered to cater to your GST needs as well. We offer a one-stop shop for all your accounting needs and keep you compliant with all the ATO regulations. Please contact us to discuss an annual package for managing your tax affairs.
4 Langhorne street
Dandenong, VIC 3175
Ph: (03) 95309750