Tax compliance means operating your business in line with the tax laws relevant to your industry and meeting all your tax obligations with the Australian Taxation Office (ATO).

To remain tax compliant, you have to lodge your Income Tax Return on time, under the tax rules, and settle any tax position before the deadline.

Depending on the size of your business and the industry that you’re in, you may have several different tax reporting requirements. You can determine your tax obligations by speaking with an experienced small business accountant.

Example: XYZ Pty Ltd is a company with 3 employees, 1 contractor and an annual turnover of $250,000. They are registered for GST and are required to lodge Business Activity Statements.

For XYZ Pty Ltd to remain tax compliant, they are required to;

• Lodge an Annual Company Tax Return by the due date
• Process payment to the ATO by the due date if the Company Tax Return has resulted in a payable position
• Lodge 4 quarterly Business Activity Statements (BAS), reporting GST and PAYGW by the due dates
• Process payment to the ATO by the due dates if the Business Activity Statement has resulted in a payable position
• Lodge Single Touch Payroll (STP) by the due dates to report employee wages and superannuation
• Lodge a Taxable Payments Annual Report (TPAR) by the due date to report payments to contractors

As a small business owner, you need to understand your obligations. Ensure that you become familiar with lodgement dates, keep records of expenses, lodge through a registered tax agent, such as DK Partners, and ask for help if you fall behind.

Tax compliance and cooperating with the ATO is not only important for your business; it’s essential.

Maintaining a positive relationship with the Australian Taxation Office (ATO) will ensure that your business doesn’t incur extra costs such as late payment fees and General Interest Charges (GIC).

At DK Partners, we provide you with clarity on your business tax compliance strategy by assessing your business’s situation and clarifying your lodgement requirements. We’re here to maintain a positive relationship with the ATO on your behalf so that you can focus on growing your business.

Our Tax compliance packages help your business reach new heights by developing a tailored financial strategy and ensuring that you remain ATO compliant all year round.

We’re expert small business accountants, and we provide small businesses with peace of mind and clarity through;

• Tax compliance services
• Small business advisory services
• Timely lodgements
• Clear tax reporting requirements
• GST advice
• Australia-wide online accounting services
• Payroll services

Welcome to the new way of accounting.

We are online small business accountants, and we offer Australia-wide virtual small business accounting services adapting to the transition towards a digital world.

Are you tired of the endless Google searches;

“accountant near me”, “tax agent near me”, “Sydney accountant”, “Sydney tax agent”, “Liverpool accountant”, “accountant in Liverpool”, “Liverpool tax agent”, only to come across old-fashioned accountants who hesitate to utilise technology and cloud-based accounting software?

We live in a fast-paced environment where things can change at any moment. That’s why we believe that your accountants should be a stable and dependable presence – one that provides certainty.

Our modern approach combines cloud-based systems, entirely paperless processes and a proactive team of accountants ready to service you Australia-wide.