Companies
Company accounting and compliance.
Accounting for companies from incorporation onwards, with the compliance side kept current.
Overview
Accounting for companies from incorporation onwards, covering financial reporting and the tax obligations that come with running a company.
We keep the compliance side current so directors can concentrate on the business, and raise anything that needs attention while there is still time to deal with it.
What this covers
- Company incorporation and setup
- Annual financial statements
- Company tax returns
- FBT returns
- Division 7A loan agreements
- ASIC and ATO obligations
What we will need
- Bank statements for the full period
- Access to your accounting file, if you keep one
- Loan, lease and finance agreements
- Details of payments or loans to directors and shareholders
- Payroll records and superannuation payments
- Last year's financial statements and tax return
Worth knowing
Money taken out of a company has tax consequences.
A company is a separate taxpayer from its directors and shareholders. Payments, loans or benefits provided to shareholders or their associates can be treated as deemed dividends under Division 7A unless they are documented and repaid on the required terms. This is far easier to deal with before year end than afterwards.
Who this is for
New companies
Incorporation, registrations and getting the structure right at the start.
Established companies
Annual statements, tax returns and ongoing obligations.
Directors drawing funds
Division 7A agreements and the record keeping behind them.
Companies with employees
FBT and the reporting that goes with providing benefits.
Get in touch
Let's get your tax sorted.
Whether you're lodging your tax return or looking for ongoing business support, GBTax is here to help.
Send an enquiry and we'll come back to you to arrange a time, or email info@gbtax.com.au.