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Corporate Tax

Corporate tax can claim nearly one third of your company's profits making taxation an important issue for any company. However, across all company structures there is significant scope for reducing exposure to tax.

The way in which your business is taxed depends upon its structure: ranging from sole trader to company. Many businesses in the past have incorporated to become a company, as there were large tax advantages to be obtained, however recent changes in legislation have reduced these advantages.

By understanding the needs of your business and your personal circumstances, Joe Walsh & Associates can enable you to plan a profit extraction policy for your business whilst minimizing the business' exposure to corporation tax.

We have expertise in each of the tax compliance issues required in running your business including the completion of the company tax return, returns detailing GST due under the business activity system, payroll and year-end forms. Late submission of any of these forms results in the ATO imposing strict penalties. In order to avoid any unnecessary interest charges we also remind you of tax payments as they fall due. During the process of preparing the company tax return we ensure that all reliefs available under current legislation are claimed in order to reduce your tax liability to a minimum.

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