Preparing a tax return can be extremely easy with all the new data capture tools and advancements in technology which have been rolled out by the ATO, making it extremely easy to lodge personal tax returns. But don’t be fooled. There are plenty of chances to get it wrong, which may result in penalties, interest and large tax bills. This is why it is important to engage a tax accountant.
A tax account or tax agent can provide the guidance and advice around what needs to be declared and claimed to ensure you do not get caught out. If you are a sole trader – this is a tricky area and advice should be sought from a tax agent, especially if you earn Personal Services Income. It is strongly advised to use a small business tax accountant to help prepare the business schedule. The accountants at The Pen can provide all additional advice you need to know about what you can claim and what you cannot claim.
We can also help you get set-up on an accounting platform, we can help you take the next step in automating your accounts, otherwise provide you with some easy accounting workbooks to get everything in order. If you have been avoiding the Tax Man for several years, we can help you get back your sleepless nights through our Catch-Tax Return services. Most of our consults are done over the phone and via email for client convenience, otherwise swing past our office for a one-to-one. Our workbooks even calculate your GST!
The Pen will take the pain and the anxiety out of dealing with the ATO and other government bodies. We will manage it ALL for you!– From GST and BAS, monthly PAYG, Superannuation, Payroll Tax and, of course, the beloved Annual Company Tax Returns and Financial Statements. We will make sure you know what is coming up and going on throughout the year with EARLY & regular reminders, so you have no nasty, last-minute surprises. New Business Idea! Contact us to help with the company set-up and registration with ASIC and the ATO.