TAXATION AND COMPLIANCE SERVICES

HOW WE WORK

We know how vital it is to feel comfortable and satisfied with the person who handles your income tax and accounting concerns, whether this is for your business or personal needs. With several years of quality and valuable experience, we offer up-to-date, informal and reliable advice of taxation law, business and tax planning. The services that we help with are,

  • Preparation and Lodgment of Income Tax Returns
  • Preparation and Lodgment of Business Activity Statements (BAS)
  • Tax Planning Advice
  • Object To an ATO Decision
  • Risk Review and Audit Processes
  • Tax Debts Report
  • Seeking a Private Ruling from the ATO
  • New businesses, start-up structures and business restructurings

INCOME TAX

Preparation and Lodgment of Income Tax Returns



From complex tax management strategies for businesses to the preparation of basic tax for individuals, OzLedger is ready for you.



We keep track of Australian and international tax laws so that we can deliver relevant tax planning solutions and accurate tax preparation services for our clients so that tax is managed and streamlined in the legal constraints of the law.



We offer an extensive system of income tax services to our current and potential clients. We are across changes in the ever-evolving tax law and can identify important tax planning opportunities that minimise your tax liabilities. We offer individual and business clients progressive, comprehensive solutions for financial and income tax issues.

BUSINESS ACTIVITY STATEMENTS

Preparation and Lodgment of Business Activity Statements (BAS)



First, we help to tune your accounts to ensure that all your information is correct and up-to-date. This means that we look closely at your financial data and ensure that your bank statements match your accounting data.



We also ensure that purchases and cash expenses are recorded, creditor information is correct, and all outstanding amounts are justified. For this step, you must collect all accounts that have business transactions; receipts and invoices for those transactions; and receipts and invoices for cash transactions.



Once your data has been entered correctly, we carry out a specialist review of your data to determine what amount of GST you owe or are due for the tax period. This is where accuracy is necessary and it is our role to check and verify that the information is correct.



We calculate your PAYG withholding – the amount of tax that is deducted from employee wage payments. OzLedger also reviews your payroll and calculates the amount of the tax deducted and the gross wages for your employees.

TAX PLANNING

Tax Planning Advice



Business decisions can lead to unforeseen tax consequences. Before risking expensive implications, contact us at OzLedger. When you ask us for advice, we will draw on our wealth of tax planning experiences to give you advice on which choices are most financially suitable.



We navigate and interpret the tax legislation for you and coordinate tax planning techniques that will reduce your tax liabilities. The maze of taxation law is regularly changing, so we are constantly learning about any revisions that might affect our clients; then we take proactive measures to develop strategies that minimise the impact on your profit.



If you start a new business, we can determine which company structure now delivers the highest tax efficiencies and will suit your business commercially. We also offer income tax planning for individual business owners and taxpayers and will deliver you ways to lower your income tax so that you can fairly retain more of what you earn.



We offer a variety of tax planning services for both companies and individuals. Careful tax planning and management throughout the year will help you pay the right amount of tax and make tax time easier.

ATO DECISION

Object To an ATO Decision



If you do not agree with a decision or penalty imposed by the ATO, we can help you review whether they have come to the right decision and object appropriately. All objections are subject to time limits and these objection periods vary from 60 days to 4 years – depending on the type of decision.



OzLedger ensures that your objection contains all the necessary information and reasoning to deliver an objection that stands valid in line with the law.

RISK REVIEW AND AUDIT

Risk Review and Audit Processes



OzLedger is uniquely positioned to assist our clients through the ATO audit processes. A thorough ATO tax audit can take two to three years, and the taxpayer can incur significant amounts of lost income and stress due to the time-consuming requirements of tax reviews and audits.



We can help you ensure that the audit runs smoothly, with the best result achieved in the shortest possible time.



We strive to resolve reviews and audits with the ATO with minimal involvement from our clients to minimise any disruption to their business.

TAX DEBTS

Tax Debts Report



Whether you are running a business or just someone who is trying to make ends meet, it is normal that you may have a debt owing to the ATO.



Prevention is the best remedy. We can help you adopt guidelines for good administration and cash flow management as these are the keys to managing tax debts. 



Whether you are running a business or just someone who is trying to make ends meet, it is normal that you may have a debt owing to the ATO.



Prevention is the best remedy. We can help you adopt guidelines for good administration and cash flow management as these are the keys to managing tax debts.

PRIVATE RULING

Seeking a Private Ruling from the ATO



The ATO Commissioner may, on request, make a private ruling in relation to the application of the tax law to your business and investment activities.



A private ruling may involve issues in relation to liabilities, administration, procedure and collection, and final factual conclusions in relation to the application of the law.



When a future transaction is time-conscious, of great commercial interest required by the management of the company, entails complex legal or factual issues, and the tax consequences are of crucial importance for the transaction, the ATO can allow these in the process of priority regulation. A private ruling can relate to a current, future or in the past formed income year.



At OzLedger, we help our clients to obtain private rulings in relation to complicated tax affairs. This will help you to get certainty and assurance from the ATO before you undertake major decisions.

NEW BUSINESSES

New businesses, start-up structures and business restructurings



At OzLedger, we are valued by our clients for our ability to quickly identify problems, achieve collaboration, develop feasible solutions and implement them with sensitivity and precision. Our experienced teams can offer a full range of consultancy and implementation services – from turnaround and restructuring plans to optimised exit strategies.



The business restructuring team at OzLedger provides comprehensive financial and operational restructuring services and advice to underperforming and financially stressed companies, their lenders, shareholders and other stakeholders.



Our extensive expertise in complex multi-stakeholder and multi-jurisdictional restructuring in many sectors enables us to quickly identify key issues and to implement sustainable and sustainable restructuring solutions.

Our tax services to business owners are:

  1. accounting and advisory services
  2. tax advice, management and preparation
  3. consultations for business start-ups
  4. our concierge business control program – where we function as part of your management team to perform all roles of an internal tax and accounting firm
  5. segregating your GST and income tax payments from your personal finances
  6. predicting monthly income and expenses
  7. maintaining up-to-date business records
  8. identifying if and when a debt arises and when it becomes due to ensure that cash flow issues are adequately managed



Managing tax debts and negotiating with the ATO requires knowledge and familiarity with the ATO requirements. We are experienced in managing tax debts and negotiating payment plans. Negotiating a payment plan with the ATO can relieve a lot of pressure and stress. If the ATO has inappropriately imposed interest and penalties to your debt, we will resolve the issue and return those amounts to you.



We can assist you in all contentions with minimal involvement and disruption to your business. You do not have to deal with the ATO – we will do it for you.

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