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Taxation law, in its many forms, is an unavoidable part of running any business.
It is essential that you are aware of all of your tax obligations from the outset of your business venture. Taxation law is complex and working out your obligations can be confusing. If you do not take the time to understand your obligations then you run the risk of significant tax liabilities which could really effect your profitability.
Your business structure effects the tax obligations you are required to meet. You need to take into consideration income tax, Capital Gains Tax, GST and PAYG tax. Whether you choose to be a sole trader, enter into a partnership or start a company we can assist you in understanding your requirements.
It is important if you are intending on hiring employees that you make a decision about what type of worker you are hiring right at the beginning of the relationship. Being able to differentiate between an employee and a contractor, for example, can have a significant impact on your your tax, super and other requirements. The best way to protect yourself is having an agreement in writing from the outset which complies with the relevant contract law.
Sometimes businesses find themselves in situations where they have not complied with their taxation law obligations. As a result your are in hot water with the tax office. If this is the case then you may be facing significant fines and a big tax bill from the tax office. This can cause significant problems with your business in the future. We will assess the circumstances of your individual business and the level of your tax non-compliance and determine the most appropriate outcome.
Our approach is purely client focused, we want to ensure that you understand and comply with your obligations. We aim to simplify the process into plain English. We have in-depth knowledge of taxation law and an experienced team ready to provide you with the right advice to enhance your business potential.
