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ACCOUNTING AND TAXATION

We pride ourselves on providing high quality taxation and accounting services to our clients. We have extensive experience with both small and medium sized enterprises within multiple industries, including investors, medical and dental practices, restaurants, coffee shops, bakeries & bread shops, beauty clinics, childcare services, cleaning services, taxi drivers, grocery shops, construction, plastering services, furniture wholesalers and retailers. Following is a list of our services:

Individual tax returns

JANS ACCOUNTANTS PTY LTD

If you are paying too much tax and not taking full advantage of deductions and rebates that you are entitled to, then you need our assistance. Our staff are dedicated to helping you minimise your tax liability and maximise your tax position. Let us take the hassle out of preparing and lodging your tax return.

    • Express tax returns (Prepare, lodge your tax returns & get a refund from the ATO within 10 days)
    • Tax refund can be directly transferred into your personal bank account.

Sole Trader tax returns

JANS ACCOUNTANTS PTY LTD

A sole trader is the simplest business structure, involving operating your business under your own name or with a registered business name. As a sole trader, all of your business income and expenses are included within your individual tax return and taxed at your marginal tax rate. You are personally responsible for all tax and legal obligations of the business.

    • Preparation & lodgement of sole trader tax returns
    • Apply for ABN, GST and PAYG registrations
    • Attend to monthly, quarterly and annual compliance requirements
    • Preparation & lodgement of monthly, quarterly and annual activity statements.

Partnership tax returns

JANS ACCOUNTANTS PTY LTD

A partnership is not a separate taxable entity and is not assessed on its taxable income. Instead the partners are assessed on their share of the income or losses of the partnership. A partnership tax return needs to be prepared each year showing the income and expenses of the partnership, as well as each partner’s share of the partnership income or loss.

    • Preparation & lodgement of partnership tax returns
    • Apply for TFN, ABN, GST & PAYG registrations
    • Assistance with partnership agreements
    • Preparation of financial statements
    • Attend to monthly, quarterly and annual compliance requirements
    • Preparation & lodgement of monthly, quarterly and annual activity statements.

Company tax returns

JANS ACCOUNTANTS PTY LTD

A company is a separate legal entity to its owners. This provides an effective vehicle for asset protection and limitation of legal liability. A company can also offer tax advantages. The company tax rate is 30% (or 28.5% for companies will turnover less than $2 million). Companies are regulated by ASIC and must comply with the requirements of the Corporations Act.

    • Company set up Link to registration
    • Apply for TFN, ABN, GST & PAYG registrations
    • Preparation & lodgement of company tax returns
    • Preparation of financial statements
    • Attend to monthly, quarterly and annual compliance requirements
    • Preparation & lodgement of monthly, quarterly and annual activity statements.

Trust tax returns

JANS ACCOUNTANTS PTY LTD

A trust can be an effective vehicle for minimising tax. A trust can distribute income amongst multiple beneficiaries, thereby enabling income to be split in a tax effective manner. A trust is not a separate legal entity. However the trustee of a trust is required to lodge a tax return for the trust showing its net income and how the income is distributed to beneficiaries.

There are multiple trust structures available, including discretionary trusts, family trusts, fixed trusts and unit trusts.

    • Setting up different trust structures.
    • Apply for TFN, ABN, GST & PAYG registrations
    • Preparation & lodgement of trust tax returns
    • Preparation of financial statements
    • Assistance with making tax effective trust distributions and drafting distribution minutes
    • Attend to monthly, quarterly and annual compliance requirements
    • Preparation & lodgement of monthly, quarterly and annual activity statements.

Self Managed Superannuation Fund tax returns

JANS ACCOUNTANTS PTY LTD

Self Managed Superannuation Funds (SMSF’s) are becoming increasing popular in Australia. SMSF’s provide control and flexibility for people to manage their superannuation. SMSF’s are also a tax effective vehicle for investments. The tax rate for an SMSF is 15% whilst in the accumulation phase, and 0% in the pension phase. This structure creates opportunities for wealth planning, tax planning and retirement planning.

    • SMSF set up
    • Apply for TFN, ABN and GST registrations
    • Preparation & lodgement of SMSF tax returns
    • Preparation of financial statements and members statements
    • Attend to monthly, quarterly and annual compliance requirements
    • Preparation & lodgement of monthly, quarterly and annual activity statements.

Rental property tax

JANS ACCOUNTANTS PTY LTD

JANS is your trusted investment property accounting firm. Our staff have many years experience with advising on investment properties for both for local and overseas investors.

    • Rental property tax returns.
    • Commercial property investment GST lodgement.
    • Capital gains tax advice on selling property
    • Maximising tax deductions with your rental property

Subcontractors

JANS ACCOUNTANTS PTY LTD

We look after tradesmen, plumbers, electricians & plasterers who run their businesses on a subcontracting basis.

    • We advise on how to gain the best solution for your tax deductible expenses.
    • Taxable payments annual report preparation and lodgement.
    • Monitoring performance against industry benchmarks.
    • GST registration and lodgements.

Financial Statements

JANS ACCOUNTANTS PTY LTD

Prepare formal business accounts and financial statements for different business entities.

    • Annual financial statements (Profit & Loss statement and Balance Sheet) for sole traders, partnerships, companies, trusts and self managed superannuation funds
    • Rental property financial statements for investment properties
    • Preparation of depreciation reports

BAS/IAS

JANS ACCOUNTANTS PTY LTD

We can help you prepare and lodge your Business Activity Statements & Instalment Activity Statements. Your BAS’s can be fully integrated with our bookkeeping and payroll services to ensure you are meeting your compliance obligations. As a registered tax agent, we can also obtain lodgement and payment extensions by lodging your Business Activity Statements electronically.

    • Monthly BAS and IAS preparation and lodgement.
    • Quarterly BAS preparation and lodgement.
    • Annual GST return preparation and lodgement.

Tax Planning and Tax Advice

JANS ACCOUNTANTS PTY LTD

You have the right to arrange your tax plan to minimise your tax liabilities; the best way is to talk to us. We aim to reduce your tax liability and add value to your business. We provide expert advice in complex tax areas, including capital gains tax, fringe benefits tax, superannuation and estate planning.

    • Tax planning to minimize payable tax
    • Budgeting and forecasting
    • Managing cashflow
    • Small Business Tax Concessions

Business Consulting & Advisory

JANS ACCOUNTANTS PTY LTD

We provide constructive financial solutions for every stage of the business cycle, from starting up a business to running the business effectively, business growth and development and implementing exit strategies. Contact us to find out more.

    • Buying & selling businesses
    • Setting up and winding up businesses
    • Advice on the most suitable business structure
    • Advice on how to run your business

Key dates

  Lodgement obligation Original due date TAX agent concession for lodgement and payment
BAS/IAS: Quarter 1, 2018–19 28 October 2018 Available
  Quarter 2, 2018–19 28 February 2019 Available
  Quarter 3, 2018–19 28 April 2019 Available
  Quarter 4, 2018–19 28 July 2019 Available
GST: Annual, 2017-2018 31 October 2018 Available
IAS: Monthly Activity statement 21st of the following month n/a
PAYG PAYG withholding payment summary annual report 2018 14 August 2018 30 September 2018 Due date of payer’s tax return (conditions apply)
Taxable payments annual report Annual report 2018, building and construction industry 28 August 2018 n/a