Taxation
Taxation Returns
As Registered Taxation Agents we are licensed to attend to all taxation compliance (tax return preparation and lodgement) issues for the following:
- Company's
- Trust's
- Partnership's
- Personal, and
- Superannuation Fund's
If you have fallen behind in lodging your tax returns we can finalize all your prior years tax returns and bring you up to date. We can liaise with the Australian Taxation Office on all matters pertaining to your prior year returns, so you don't have to worry.
Tax Planning
One of the singularly most important aspects an individual, business, company or any operating entity, can do is to plan and monitor, with a view to minimizing its' taxation risk (subject to the Income Tax Assessment Act).
Taxation Risk Management is one of the pinnacle services provided by Hewitt Turner & Gelevitis. The complexities of the Australian Taxation system has led to significant uncertainty with regards to taxation outcomes. Individuals as well as business seek reassurance so they can plan, and minimize their exposure to taxation liabilities.
Business Structuring
Everybody contemplating entering into business must seriously consider the structure of their new business. The adverse outcomes stemming from the sale of your business, transfer of your business or its insolvency can result in devastating financial consequences for stakeholders who were not properly advised of the pittfalls. Tax effective structuring represents legitimate business planning and is performed in tandem with considering other business outcomes.
The dominant commercial purpose for entering into a business is the generation of a revenue and profit stream. Your rights entitle you to structure your business so as the stakeholders can validly minimize the provision of taxation both during the going concern phase as well as on its ultimate sale.
Business / Investment Taxation
Capital Gains Tax ("CGT")
Fringe Benefits Tax ("FBT")
Goods and Services Tax ("GST")
Business Activity Statement ("BAS"), and
Pay as You Go ("PAYG")
The above taxes are a daily occurrence for employees, business, companies etc and must be managed appropriately. We can attend to all aspects of these taxes. From the preparation of your BAS return, FBT return or CGT schedule to advice and strategies to manage them, are all part of our service portfolio.
Taxation - Objections
At some stage you may wish to object to the Taxation Commissioners assessment of your tax return, or you may wish to amend your taxation return, subsequent to its lodgement. We can facilitate the objection and amendment process and monitor the Australian Taxation Offices' outcomes and feedback so you are kept informed all times.
In the event you are subject to a desk audit or investigation we can provide immediate and on-going support throughout the audit process. This includes assistance with obtaining source documentation, collating ATO information and attendance at the interview stage.
Taxation - Administration
We can prepare your Tax File Number Applications, Tax Instalment Variations, Instalment Activity Statement ("IAS") Business Activity Statement ("BAS") Employer Registration, BAS Registration etc.