Tax Services
Tax preparation can be difficult with a build-up of paperwork that needs sorting and complex calculations. By using a professional tax preparation service from experienced taxation specialists and accountants, you can save yourself the stress and time of doing everything yourself.
At Progressive Accounting and Taxation , we understand that almost all business decisions involve tax implications. Our professional strategic taxation planning service offers assistance in effectively and legitimately managing your tax affairs, while reducing tax liabilities to the minimum. With our commitment to continuously develop and keep our industry knowledge up to date, we can closely monitor any impacts of the latest tax changes have on you and your business and adjust accordingly.
At Progressive Accounting and Taxation , we understand that almost all business decisions involve tax implications. Our professional strategic taxation planning service offers assistance in effectively and legitimately managing your tax affairs, while reducing tax liabilities to the minimum. With our commitment to continuously develop and keep our industry knowledge up to date, we can closely monitor any impacts of the latest tax changes have on you and your business and adjust accordingly.
We offer tax planning service specialising in:
- Income Tax
- GST
- Capital Gain Tax
- Payroll Tax
- PAYG
- Superannuation
- International Tax Direct Tax
We are expericed in all types of tax payer in Australia, which cover
- Individual, including sole trader
- Company
- Partnership
- SMSF
- Trust
Our consultants assist you to understand the influences of tax rules on your current and future business directions. With our extensive range of specialisations in tax as stated above, we can also offer you with personalised and beneficial advices and solutions below.
- Reasonably arguable position files
- Capital raisings, floats and due diligence
- Re-organisations
- Tax consolidation
- Tax implications of mergers, acquisitions and divestments
- Preparation of applications for private rulings
- Preparation of objections
- Tax audits
- Negotiation with the Australian Taxation Office
- Tax risk management
- Tax compliance
- General tax advice
- Strategic tax advice
- Employment Taxation
Bookkeeping Services
We provide customized solutions based on each clients individual requirements. We take a long term approach to becoming a permanent solution to your bookkeeping needs.We can look after the following functions plus much more.
- Accounts receivable
- Accounts payable
- Payroll & Superannuation including year end reporting & Payroll Tax
- BAS and IAS statements. Preparation and lodgment
- P&L, Balance Sheet, Cash Flow statements and management reports
- Year end accounts including lease/HP, depreciation schedules, basic tax accounting
- Backlog processing for previous years
- Any type of data processing work
As excellent end result, we will provide you timely reliable reports, monthly P&L, Balance Sheet, Cashflow & other reports as your requested. In monthly / quarterly review meetings, we will go through accounting reports with you in detail to ensure you understand the figures. Your deadlines are met on time, every time. We keep track of all due dates including BAS/IAS/Payroll Tax/Superannuation etc.
Business Services
With the dynamically changing nature of tax law, maintaining a proficient level of knowledge on the impact for small to medium enterprises (SMEs) is challenging. We have excellent experience in advice on busines setup, specially in business structure. We can provide you with guidance on all the material tax issues you need to consider in selecting the right structure for your business when setting up a business, optimising it's trading operations, and planning an effective exit strategy.
With our advice, you will be comprehensively addressed all the tax aspects of creating, operating and winding up alternate business structures whilst practically recognising the commercial and regulatory environment in which SMEs trade and invest.
What will you consider;
- Asset protection
- Income tax minimisation
- Capital gains minimisation
- Ease of administration
- Regualatory requirements flexibility
- Raising equity or borrowing control
- Succession planing
- Superannuation and cost
We will:
- Look at your situation and determine the important factors to be considered when determining your business structure
- Explain the differences between companies, trusts, partnerships, individuals and self-managed superannuation funds in carrying out a venture
- Identify when each of the above types of entities is most appropriate
- Clarify how to combine two or more different entities in certain scenarios
- Intruduce how income and capital are taxed in each type of entity and how these amounts are then distributed to the owners
- Explain how equity partners can be admitted or control passed between generations using the different types of entities
SMSF / Trust Account Audit
Progressive accounting and taxation offers SMSF auditing services specifically to accountants, financial planners, administrators, that are required by law to have their superannuation funds audited by an independent approved auditor.
We recognise the needs of accountants, financial planners, and administrators, to have efficient and timely statutory auditing services at an affordable price.
We have the facilities to accept all electronic documentation required for audit evidence and will assist clients throughout the audit preparation process.
We recognise the needs of accountants, financial planners, and administrators, to have efficient and timely statutory auditing services at an affordable price.
We have the facilities to accept all electronic documentation required for audit evidence and will assist clients throughout the audit preparation process.
Profession, Integrity, Responsibility