Taxation Strategies Sunshine Coast
Taxation can be a major cost to your business. Our team of experts tax accountants will work with you to legally minimise your tax and help you achieve your key objectives. Whether your tax problems are simple or complex, our experienced and professional Sunshine Coast accounting team can handle them for you.
Taxation Sunshine Coast
At Wardle Partners we offer a full range of taxation strategies. Our taxation consulting division is nationally recognised and we offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.
We provide a complete service of assistance and advice in each of these areas:
- Preparation of income tax returns for companies, partnerships, trusts, self-managed superannuation funds and individuals.
- Preparing activity statements and advice on tax payments
- GST/FBT obligations
- Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation
- Managing any ATO audits or disputes
Under Australian Tax law businesses and individuals have the right to structure their financial affairs to reduce or minimize their tax obligations, this is often referred to as tax planning or tax minimization. Tax minimization is legitimate when you do it within the legal requirements.
Wardle Partners offer a range of strategies to help minimize your tax, some of these strategies can include:
- Deferring income
- Rolling money into Superannuation
- Co-contributions to Superannuation
- Distribution of income for business owners
- Business deductions for bad debts, obsolete stock, slow moving stock, maintenance costs or education costs.
Fringe Benefits Tax
Since 1986 the Australian Government has taxed employers on most non-cash benefits they provide to their employees in respect of employment. The tax is known as Fringe Benefits Tax. The tax is levied on the employer and not the employee, however, it is common for the employer to pass on the tax to the employee in salary sacrifice arrangements.
Generally, a fringe benefit is a non-cash benefit paid to an employee. The benefit may be in addition to a salary or the only benefit provided to an employee. The fringe benefit can benefit an individual, their spouse or their child/ren.
The rate corresponds to the top marginal income tax rate for individuals, including the Medicare Levy (47% for the Fringe Benefits Tax year ending 31 March 2019, 2020, 2021, 2022 and 2023).
Goods and Services (GST)
Wardle Partners Accountants ensures our qualified and experienced Sunshine Coast accountants remains up to date with any changes and are here to provide advice to you no matter what your GST query.
We can prepare and lodge your Business Activity Statements for you:
Employers need to register with the relevant state or territory revenue office when the wages they pay exceed the threshold applicable in the state or territory. The threshold amount varies in each state and territory.
Details are provided on the Payroll Tax Rates and Thresholds page. Wardle Partners can assist your understanding and attending to your payroll tax reporting obligations.
What our clients are saying
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Whether you are starting out in business, have an established business or are looking at selling your business our experienced team of business accountants have the solution that’s right for you.
If you are looking to start up a new business or purchase an existing business, our team of business accountants provide individualised solutions that are right for you.
The team at Wardle Partners Accountants are dedicated to helping you easily manage your SMSF while providing you with proactive solutions for SMSF compliance and administration
Using the latest technology and online accounting, we can take care of your bookkeeping bank reconciliations, providing for efficient, accurate and up to date accounting and reporting for your business.
Got a Question or Need Help Fixing Your Tax Issues?
Get in touch with us today and see how can we help you!