Tax Compliance & Advisory Services

As an Australian Resident for tax purposes, you will have to report your income from all sources, both inside and outside Australia. The deadline for most individuals to file their tax returns and to pay any taxes owing is 31 October or 15 may if you use a registered tax-agent.

We will identify areas where taxes paid can be reduced by claiming applicable:

1. Employment expenses
2. Education deductions
3. Any tax-credit/offsets you are eligible for
4. Gift or donations to organisational status that have the status of deductible gift recipient (DGRS)
5. Medical expenses
6. Superannuation contributions either as an employee or as a self-employed
7. Many other applicable tax credits

Australian resident companies have to file a corporate income tax return every tax year even if there is no tax payable. This includes:

1. Non-profit organizations
2. Tax-exempt corporations
3. Inactive corporations

A company is a resident of Australia if it is incorporated in Australia, or although not incorporated in Australia it carries on business in Australia and has either:

• Its central management and control in Australia.
• Its voting power controlled by shareholders who are residents of Australia.

Some overseas investors may prefer to set up a Permanent establishment (PE), also known as a branch to incorporating a company or a subsidiary in Australia for a number of reasons. For example: to consolidate the financial results of the company in the place of residence of the overseas company.

The tax treatment depends on whether the PE is a resident of a country that has a tax treaty with Australia or not.

With unexpected events in life, we are here to help you effectively tax plan and manage your personal assets or business for both current and future generations. Trusts are legal entities and are commonly created to minimise future gifting of assets and estate taxes. We are here to help you protect your assets, strategically plan to transfer your assets, minimise tax burdens, and assist in making distributions and gifts.

BAS lodgement due date 

If your GST turnover is less than $20 million and the ATO has not told you to report GST monthly, you can report and pay GST quarterly.

If we lodge BAS on your behalf, the due date for the quarterly lodgment obligation is summarised below.