Tax agent in Brendale for tax returns and tax planning

Income tax returns for the business

Whatever structure the business trades through, the return is built from a reconciled file, not a box of receipts in July. One trading entity is included unless the letter says otherwise.

Tax planning before 30 June

A good year on the tools can turn into a hard August. We look at the year to date in May, while there is still time to act: what the tax is likely to be, what has already been set aside, and what a purchase would or would not change. A ute bought in June to save tax is still a ute you have to pay for. The letter says whether planning sits inside your plan.

Utes, vans and FBT

Work vehicles, phones and tools sit across income tax and FBT. Some utes are exempt from FBT when private use is limited to travel between home and work and other minor, infrequent and irregular trips. Some are not. We read the log and the use, not the badge.

TPAR, if you pay subcontractors

If building and construction services make up 10% or more of your GST turnover and you pay contractors for that work, the ATO expects a taxable payments annual report by 28 August. Electrical, air con and fit-out businesses often fall in. We check whether yours does, and the letter says whether lodging it is inside your plan.

Who this page is for

Trade businesses in Queensland that want the return lodged by the same people who hold the books. If you only need the annual return, that is Compliance at $550 + GST a month, and we will say so on the call.