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.
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Annual Financial Statements and Tax Returns
•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
Activity Statement Preparation and Lodgement
•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.
Fringe Benefit Tax Return
•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.
Tax Administration Assistance
•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
Tax Planning Advice
•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
Business Activity Statement (BAS) Amendments
•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
Research & Development (R&D) Tax Advice
•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 [email protected]
"Thank you AGS - we wouldn’t be here without you! - We first became AGS clients in 2015 when we were starting to turn our attention to saving for retirement. The team at AGS helped us reach our goals earlier than we thought we would, through honest advice and time taken to really understand us, our goals, and aspirations.
The standout piece for us about AGS is the feeling that nothing is impossible if you have patience, perseverance and the best advice. We have never felt out of our depth with AGS as they always explained concepts and how finance can work for you.
We’d just like to say thank you to the AGS team. We would not have known where to start planning for our retirement, and we got here earlier than we ever anticipated."
"AGS is my financial guide - I wasn't confident about my superannuation and was referred to AGS by a friend in 2013. Since then AGS has helped me transition to a self-managed super fund resolve complicated estate planning issues and support us with accounting services throughout the last 9 years.
There are so many issues that grab our attention in life. It is comforting to know that we are supported in this complicated area with great advice and competent services.
My relations with AGS have always been reciprocated with confidence and professionalism."
"AGS - Advisory Excellence - I have been a client with AGS for 20 years, Taxation is one thing we rely on AGS for every year. Our appointed taxation specialist is qualified and efficient with seeking out the required information to enable us to maximise our tax refund. This helps us make financial decisions in the upcoming years. This removes the stress of doing this ourselves, ensures that our tax is processed on time and we have been able to obtain an annual credit each year based on sound advice for tax minimisation."
" Excellent service Every time - I have been a long standing client of AGS's financial planning services and a number of years ago I also decided to shift my accounting service and have never looked back.
From the get go I found AGS professional and efficient (such a breath of fresh air). Their service and advice is ALWAYS timely and spot on. Always with a smile virtually.
Having both accounting and financial planning under the one umbrella has also made it easier to integrate the two topics when needed. Especially helpful given we have an SMSF."
"Fantastic service from AGS - We have been a customer of AGS since the transition from Optima group who we were with for 15 years. We find the team at AGS friendly, approachable and extremely knowledgeable with all aspects of assistance we require for personal and business tax. The team at AGS are prompt with replying to any questions or support we require. We feel well supported and know they are only an email or phone call away if needed."
"Appreciate your help - My small business became accounting clients with AGS around 2008. Carolyn and her team look after us brilliantly. Carolyn's vast knowledge and experience is invaluable. She is proactive in assisting us with accounting advice and always takes the time to help us fully understand all "facts and figures".
"Knowledge Courtesy Efficiency. That’s AGS - I am so happy with AGS. From start to finish I am kept up to date on all details. Everything done with knowledge and efficiency. As I mentioned efficiency knowledge and courtesy is always there. Am very happy with the service I receive."
