A company has its own taxation obligations.
Unlike a sole trader, the company is a separate legal entity and generally prepares its own Company Tax Return.
That means the quality of the company's accounting records becomes particularly important at year-end.
Who Is This Service For?
Our Company Tax Return services may suit:
small companies
family-owned companies
start-up companies
growing businesses
established private companies
companies seeking ongoing accounting and taxation support.
How SKC Accounting Can Help
Depending on the engagement, we may assist with:
reviewing company financial records
preparing financial statements
taxable income calculations
reviewing relevant business deductions
depreciation and capital allowance information
preparing and lodging the Company Tax Return
ATO correspondence where required
explaining the company's taxation position
identifying matters for future tax planning.
Why Good Records Matter
Preparing the company return is much easier when:
bookkeeping is current
bank accounts are reconciled
loans are properly recorded
payroll accounts are reconciled
fixed assets are maintained correctly
GST information is reliable.
If those areas aren't right, year-end tax preparation can become much more difficult.
Common Questions
Can't find your question? Email us.
Can you prepare both the company accounts and tax return?
Yes, where the engagement covers both services.
Can you help us understand what tax may be payable before year-end?
That is where Tax Planning may be useful. Looking ahead before year-end can provide greater visibility than waiting until the return is prepared.
Companies Using Tax Return Services Often Also Need
Division 7A guidance where relevant
Continue Learning
Company Money vs My Money — Why Does the Difference Matter?
What Is a Director's Loan Account — and Why Can It Become a Problem?
Division 7A in Plain English — What Happens When a Private Company Lends Money to a Shareholder or Associate?
What Should I Give My Accountant at the End of the Financial Year?
Service Delivery Disclosure
SKC Accounting Financial & Advisory Services Pty Ltd trading as SKC Accounting is a licensee of Platinum Accounting Australia Pty Ltd (Platinum). Platinum is a Registered Tax Agent (Tax Agent No. 24683431). Tax agent services, including the preparation, review and lodgement of tax returns, and BAS/GST services requiring registered-agent authority, are provided through Platinum under the applicable engagement arrangements. For more information, please visit Platinum Accounting Australia.
Let’s Talk About Your Business
A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.