Does the thought of tax planning leave you a little cold?
How about making sure you are not paying more tax than you have to?
Is your business growing and you want to put a new financial strategy in place?
We hear you, and we’re here for you.
ATO tax compliance for us is more than a once a year thing. I mean we know tax returns need to be done once a year, but often a tax planning session can save you thousands in tax. Maybe you need a review of your business structure as your business has grown, evolved or changed. Or, perhaps you are unhappy with your current tax agent or accountant.
Our amazing team of tax agents and accountants, all based in Australia, are ready to help you and your business. We will ensure your tax compliance is done accurately and on time.
This tax return service is for those individuals who run their own gig as a sole trader. A business schedule is a requirement to be completed in your tax return outlining business income and expenses. Perhaps you also have a wage from somewhere else, Centrelink income, dividend income, interest income and have further deductions to claim outside the small business deductions. This can, at times get confusing, so get in touch and we’ll take care of it all.
Sometimes ATO compliance can get away from you or you may have buried your head in the sand…and that is totally ok. Well, it’s ok providing we get on top of it. So if you have multiple years worth of tax returns to be lodged, we can assist you, and take that worry right out of your mind.
If you are in a couple (whatever that looks like to you) and you both need your tax returns prepared, we can provide a package to get both of them done at the same time.
We know that running a business is hard work but also pretty darn awesome. But with that comes some hefty ATO compliance, ASIC compliance, financial reporting requirements and basically a whole lot more responsibility (aka red tape). We really can’t say compliance and requirements too many times here – there is a lot to adhere to. But we love tax, and we love to do your tax and make sure that you are compliant and all of your ATO obligations are met. And you can focus on running your business.
Tax planning on the 29th of June each year is really….well…it is a total waste of time (and you just made our nervous twitch kick in!). We prefer to do tax planning sessions in April and May each year so we can have a discussion with you about your business operations, profit and structure BEFORE the end of the financial year hits. Having that oversight of you business and preparation leading into tax time will give you the peace of mind to sleep soundly each night #zzzzzz
Do you own a rental property? Jointly or on your own? Well, that will mean we will need to complete a rental property schedule to put into your tax return. You will need to gather all the bits and bobs relating to the income (easy peasy if you use an estate agent to manage the property), plus any expenses paid for outside of anything listed on the estate agent statement. This could mean council rates, water rates and capital improvements amongst other things. If you own multiple rental properties then a schedule will need to be completed for each property. It sounds like a lot, but we know this stuff inside out and back to front, so can handle this for you no problemo.
Sometimes you might find that a previous return lodged (and not prepared nor lodged by us) needs some tweaking. Perhaps some things were accidentally missed, double claimed, claimed in error or there was income reported incorrectly. There are a vast array of reasons why a tax return could need to be amended. We can provide this service. However, if we did not prepare the original tax return, we will need to walk through (with you) the entire tax return before we can make any amendments. It’s not as hard as it sounds and we will gladly assist you with this service.
Virtual CFO services means you have a qualified accountant at your disposal to hold you accountable. Has your business skyrocketed and you need some financial guidance? Is your structure no longer the right fit for your needs? Do you need to create a cash flow budget? Create a budget, hit your goals, review your spending, assess your profitability – the works. We can provide a customised service that meets the requirements of your specific industry and business lifecycle.
Startup? We see you and we have your back, we are holding your hand – we have you completely covered.
Been operating for a few months or years? No worries – there is always something to learn. We are here to teach and grow with you.
Been in business a while? If you are ready to outsource some or part of your bookkeeping and accounting, then we are ready to become a part of your team.
Our services and packages are as individual as you. If you’ve been struggling to find the right fit – no worries, we can customise something to suit your business.
We can create a package or service using Xero, Myob or Quickbooks Online accounting software. Even if you don’t have software yet, we can help you out (we are total excel nerds too).
Our tax return and planning services are fixed prices, meaning we are all on the same page in terms of costs. No obligation to book multiple sessions, use us as and when you need.
Our Virtual CFO services are based on an hourly rate that reflects our years of experience, many qualifications, industry memberships and skills.
As a business owner you don’t need to do everything yourself, play to your strengths and outsource what you can. We love numbers – they are our jam, our passion, our reason to get up in the morning (too far?) – and we can’t wait to chat to you about how we can work together and welcome you to the Healthy Business Finances family.