Diverse Tax and Accounting can assist with all taxation and accounting requirements for all structures, including Companies, Trusts, Partnerships, Sole Traders and superannuation funds.
Generally all tax returns for a business, investment structures and its owners (personal returns) will be prepared together to ensure all information is correctly notes and all tax savings are obtained. This enables us to advise our client on all aspects of their taxation and accounting as a whole, and achieve the best possible result.
Most BASs can be set up to simply pay an amount calculated by the taxation office and then reconciled when lodging your tax return. This saves the time in calculating GST every quarter.
Alternatively Diverse Tax and Accounting can assist and lodge your business activity statement on your behalf and obtain an extension beyond the normal due date. We can help you set up a system which enables you to prepare the BAS yourself, and provide advice and assistance with all aspects of BASs and GST.
Between March and June we endeavour to contact all our clients to ensure there are no ensuing tax issues and discuss tax minimisation. It is important to consider potential tax problems before the end of the financial year as this time provides the most opportunities to mitigate any tax problems.
There are many reasons for budgeting and forecasting. Besides often being a requirement for obtaining new finance, ongoing budgeting and review ensures the business can perform to its potential and help identify issues and opportunities earlier. It becomes even more important where a business may be suffering from poor cash flow caused by financial stress or business growth.
Many of clients meet monthly or quarterly to analyse their financial performance and maintain closer awareness of the issues within their business.
The staff at Diverse Tax and Accounting have extensive experience in creation of structures for new businesses, which consider the various risks of the client and the tax saving opportunities.
We can arrange all statutory registrations and fees, and work closely with our team of specialist to ensure you operate through the most appropriate structure for you and all potential legal and risk issues are considered. Tax saving opportunities are also identified as part of the structuring process, including the potential tax saving when exiting from the business in the years to come.
Diverse Tax and Accounting can handle all your audit and regulatory needs to ensure your SMSF remains compliant. We can also assist in establishing your SMSF and moving your benefits into the fund.
The principal of Diverse Tax and Accounting holds a Master of Taxation and has the skills and experience to provide practical advice on complicated taxation matters. Advice can be provided on all aspects of taxation law relevant to small businesses, investors and their owners.
At Diverse Tax and Accounting we seek to understand your business and can arm you with experienced and practical business advice on an ongoing or periodic basis. We can assist with training and mentoring your business, and arm you with the knowledge to make informed business decisions.
Contact Diverse Tax & Accounting today to see how we can tailor a solution for your accounting and taxation needs.