For Business · Compliance
Business Tax Returns
Company, trust and partnership returns prepared by Chartered Accountants, with the tax position discussed before the year ends.
Overview
The work that matters happens before June
A tax return is the record of decisions you already made. By the time the return is prepared, the deductible purchase has or has not happened, the trust resolution has or has not been signed, the loan account has or has not been repaid. Firms that only appear in September are reporting history to you.
We hold a planning meeting before 30 June with an estimate of the year's tax and a short list of things worth doing while there is still time. Then we prepare the return itself, reconcile it back to your accounts, and lodge it under our agent registration with the extended due dates that come with it.
How we help
- 01
Company, trust and partnership returns
Prepared and reviewed by a Chartered Accountant, reconciled back to your financial statements before lodgement.
- 02
Pre-30 June planning meeting
An estimate of the year's tax and the decisions still open to you, discussed while they can still be made.
- 03
Trust distribution minutes
Resolutions drafted and signed before 30 June, so distributions are effective and streaming holds up.
- 04
Division 7A loan review
Shareholder loans, unpaid present entitlements and complying loan agreements checked before they become a deemed dividend.
- 05
ATO correspondence and reviews
Notices, amendments and review requests answered by us, with you copied rather than cornered.
Resources
Key figures and dates
- 25%
- Base rate entity tax rate
- 15 May
- Return due via a tax agent
- $20,000
- Instant asset write-off
- 30 June
- Trust resolution deadline
Lodgement dates depend on your entity type and prior-year history; 15 May is the usual date for clients lodging through a registered agent. The instant asset write-off threshold changes frequently, so we confirm the current figure before advising on any purchase.
Want to know the number before June?
We estimate your tax position early enough to do something about it.
FAQ
Business tax return questions
Most companies lodging through a registered tax agent are due on 15 May, though the date depends on your entity and prior-year lodgement history. Lodging yourself brings the date forward substantially. We confirm your date at onboarding.
25% if it is a base rate entity, meaning aggregated turnover under $50 million and no more than 80% passive income. Otherwise 30%. The rate also determines the franking rate on dividends you pay out.
Yes. If the trustee has not resolved to distribute by 30 June, the income may be assessed to the trustee at the top marginal rate, or default to beneficiaries you did not intend. It is a signature that costs nothing and protects a great deal.
If your company has lent you money, paid an expense for you, or let you use company assets, Division 7A can treat that as an unfranked dividend. It applies to most owner-operated companies. Complying loan agreements and minimum repayments keep it manageable.
Yes. We write an ethical letter to your previous accountant requesting your file, then reconcile the opening balances before doing anything else. Most transitions are complete within two to three weeks.
Speak to an accountant
Free 30-minute consultation.
No obligation. We’ll review where you are and tell you what we’d do.
+61 451 114 862Book a consultationThis page is general information only. It does not take your circumstances into account. Speak to a registered tax agent before acting on anything here.
Related services
Often paired with tax returns.
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