Taxation

Purpose

To simply meet your taxation obligations.

The definition of Taxation: “Tax is a levy not a ‘voluntary payment’ or ‘donation’, it is a ‘social contribution and obligation’ imposed by the taxpayer elected government. Governments use these funds for the benefit of the community like spending for the provision of essential services e.g. schools and hospitals”.

Intended results

To meet your taxation obligations.

Benefits include:

• Protect your brand and image
• Reduce compliance costs
• Maintain appropriate records to legally reduce tax liabilities
• Reduce the risk of non-compliance

BTO can help you with...

Taxation

• fringe benefits tax (FBT)
  > record financial transactions to facilitate the preparation of the annual Fringe Benefits Tax (FBT) return
  > assist your tax adviser in the preparation of the annual FBT return
  > process and pay FBT instalments
  > record FBT expense
• income tax
  > record financial transactions to facilitate the preparation of the annual income tax return
  > assist your tax adviser in the preparation of the annual income tax return
  > record income tax expense
  > future income tax benefit and deferred tax liability
• goods and services tax (GST)
  > record financial transactions to facilitate the preparation of Business Activity Statements (BAS’s)
  > assist your tax adviser in the review of the annual GST reconciliation
  > reconcile, prepare and lodge BAS’s as required

Call us on 0425 210 249 or complete our contact form to discuss your needs.