information - online business tax returns


Our national online Business Centre aims to provide a fast and safe means of lodging your business returns, at the lowest possible cost.
Following are the main features and a basic guide to ensure successful lodgement and compliance.

MAIN FEATURES
1. Lodge current or past year returns, usually within 24 hours.
2. We are a trusted national Accounting & Taxation Firm with 25+ years experience.
3. Work is performed only by Australian qualified accountants, all affiliated with only the major Accounting bodies.
4. Utilise your own bookeeping, datafiles or reports, enter online or just upload it.
5. Our Web discount fees are flat rates and over 50% less than usual professional rates.
6. All fees include a thorough ATO compliance review and any routine adjustments.
6. Free online advice and support whenever you need it, 7 days till late.

PROCEDURE
1. Submit the relevant business tax return page with entity details, financial data, declaration and details.
2. We add you as a tax client with the ATO, and review your tax history directly from ATO online records.
3. A compilation report of your financial data is prepared, and we may request further details for our compliance reviews.
4. Your tax return and compilation report is emailed to you for review and signature
5. Print and retain your tax returns and other records for a minimum 5 years.

PAYMENT
1. In order to provide the lowest fees to all clients, credit card details or a bank transfer is needed prior to commencement.
2. Card charges will usually only be applied upon preparation of final returns, or progessively if the work is ongoing.
3. You will be notified should we believe that a further cost is required to ensure ATO compliance.
4. Please note that payment is based on professional time, and not subject to subsequent approval nor lodgement.

FEES - BUSINESS ENTITIES
1. The flat fee is $220 inc GST for all company, trust, & partnership returns, including simple routine adjustments
2. Financial statements are an additional $220. A hard copy delivered by mail is available on request.
3. These fees assume that all financial data has been properly compiled and reconciled,
4. Additional work is generally charged at $55 per half hour, with other flat rates applying to some tasks/lodgements

FEES - SMSF SUPER FUNDS
1. Our SMSF fees include all the required tax returns, financial statements, minutes, and annual independent audit
2. A flat discount fee of $440 applies to very simple funds with 1 bank or investment account
3. For other funds, additional work is at our web discount rates, and bookkeeping work is at even lower rates (see below).
4. We have a registered ASIC SMSF Auditor to perform independent audits of your fund, and rectify any issues promptly.
5. We provide a guarantee to cut your prior year fees by 50%, subject to abnormal issues or audit compliance costs.

FINANCIAL DATA OPTIONS
There are a number of ways you can provide your data, and by upload, email or fax, and options include;
1. Enter all income, expense, asset & liability balances online,
2. Reports - send us copies of your detailed reports that provide this information,
3. Datafiles - send your datafile in MYOB, Reckon/Quickbooks, etc to extract the data (all past versions supported),
4. Cloud - send us access to your online cloud accounting system eg Xero, MYOB Live, Reckon/Quickbooks, etc
5. Data Entry - send us your bank records and related data for fast discount data entry and reports (see below)
6. Bookkeeper - have your bookkeeper or accountant send us the information directly

DATA ENTRY
Where you also need bookkeeping, we can provide the following fast solutions, and from just $33 p/h;
1. Manual data entry - simply send us copies of bank statements with each item notated for expense type & GST variations,
2. Bank exports - send us a bank export that we can upload to an MYOB or Quickbooks file,
3. Excel exports - send us a bank excel report, and include income/expense/gst details in an adjoining column,
4. Cloud datafile - we establish an online datafile with any provider for bank feeds, data entry and reconciliations
4. Bookkeepers - we also have a working relationship with a range of quality independent professionals we can recommend

TECHNICAL ASSISTANCE
Unlike other online providers, our firm is also experienced in advanced technical accounting and taxation matters, eg
1. Complex Structures - experienced in complex trust structures involving multiple entities and beneficiaries
2. Capital Gains Tax - including small business concessions, other exemptions, distributions, and related issues
3. GST Issues - including issues with website business, overseas trade, commercial property, accomodation developments
4. ATO Objections - we have been successful in every objection lodged, recently achieving a $2m+ win for a retiring developer
5. Fringe Benefits Tax - able to advise and lodge returns involving complex FBT arrangements

THANKYOU
Our firm has been the leader in providing internet tax and business services from inception, and our small business clients number in the thousands Australia-wide. Please be aware of dodgy immitators !

NEED MORE INFO ?
Our online return forms contain further info and options, or you can message us here for a prompt reply. We also welcome all feedback and suggestions.

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The above is provided as a brief summary only, so please contact us if you have any concerns.
Services are provided according to all State and Commonwealth laws, but the jurisdiction for the contracted supply of services remains the State of Queensland.

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