Virtual CFO & Business Strategy
Having your information up-to-date provides opportunities for forward planning, knowing what your potential income tax liability may be and taking action when you are still able to so that there are no surprises later in the year.
Keeping on top of the compliance so you can focus on the business.
Business taxes include the monthly or quarterly Business Activity Statement. For employers, this also encompasses PAYG withholding and superannuation obligations.
In addition to these federal taxes, each state has its own compliance regime of workers’ compensation insurance and payroll taxes.
With proper management accounting and bookkeeping practices, dealing with these reporting and payment obligations can be managed and, in many cases, avoided altogether.