Tax & Compliance Explained
The importance of getting it right
At Middleton Business Advisers we offer a full range of taxation services. Our taxation consulting division is nationally recognised and we offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.
Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives.
We do more than just tax
We provide a complete service of assistance and advice in each of these areas:
- Preparing Activity Statements and advice on tax payments
- GST/FBT obligations
- Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation
- Managing any ATO audits or disputes
- Preparing Tax Returns for all entity types
- Payroll Tax
- Capital Gains Tax
- Strategic Tax Planning
Bookkeeping & Cloud Accounting
Modern business requires up-to-date, accurate financial information.
Xero works with your data at the same time as your business adviser can see the data.
We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes.
We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.
Software Solutions
Let us help you make the right choice of accounting software – XERO
A decent accounting system will help you keep track of your cash flow and let you complete GST returns easily. Choosing the right system for your business can be difficult. After all, there are over sixty accounting packages available in Australia.
Here at Middleton Business Advisers we invest considerable resources into ongoing team training to ensure we can recommend the best accounting solution for your business.
Payroll Services
Legislation passed in Australia means all businesses will have to start reporting employee salaries, wages, PAYG withholdings and super to the ATO through Single Touch Payroll.
We can help you set up & guide you through the Payroll system.
GST Management
The GST system is a complex and confusing one. Consequently Middleton Business Advisers ensures our team remains up to date with any changes, enabling us to offer you accurate advice.
Every transaction now has an associated GST issue. We are experienced in these issues and can offer expert advice on the GST implications for your business.
The GST-related services we offer include, but are not limited to:
- Advice on registering for GST
- Filing and adjusting GST returns
- ATO audit assistance
FBT Management
The rules for FBT payments change on a regular basis. At Middleton Business Advisers we keep up to date with the latest tax trends, enabling us to provide accurate advice on preparing FBT returns. We can also advise on the FBT consequences of proposals you intend to make, ensuring you make informed decisions.
Rather than paying excessive amounts of FBT, let the experts answer your tax queries. We can help you develop and complete the administration for a cost-effective employee benefit plan.
Virtual Assistant
Company legislation requires businesses to perform several administration tasks that take up a lot of valuable company time.
The last thing you need as a business owner is to be stressed out trying to ensure you comply with the Corporations Law.
The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.
At Middleton Business Advisers we can relieve this burden for you. Our services include:
- General advice on company law
- Company formations
- Filing annual returns on your behalf
- Preparing all documentation related to minutes and resolutions
- Maintaining statutory books
- Assistance with changes of directors, shareholders, addresses, and office details
- Bonus issues
- Share transfers
- Registered office facility
Please contact us for further information on how we can help you get back to running your business.
Farm Accounting
Farm accounting involves specific business, financial, and taxation issues, and a specialist understanding of the industry. At Middleton Business Advisers we keep abreast of the developments in both the farming and accounting industries, ensuring we are uniquely placed to provide up-to-date, accurate advice.
Our services include:
- Farm budgeting and cash flows
- Farm sales and purchases
- Ownership structures
- Preparation of financial statements
- Taxation
- Seasonal planning
- Succession planning
Rental Property
At Middleton Business Advisers we have the expertise required to assist you in a variety of areas relating to residential and commercial property.
The services we offer include:
- Advice on purchasing a property
- Reviews of lease agreements
- Advice on funding
- Guidance in tax minimisation
- Advice on ownership structure
- Periodic reviews to ensure returns are maximised
The importance of forecasts in making a residential investment cannot be emphasised enough. We can provide you with forecasts for:
- Revenue returns
- Financial position
- Potential growth
Contact us today for more information on how we can assist you in the business of rental properties!
Trusts
A trust provides a valuable way to protect the assets you have accumulated for the benefit of others.
Our extensive experience with trusts enables us to offer specialist advice on trust formation and ensures all statutory requirements are met.
Obligations for trustees can often be onerous, and our assistance in trust administration can prove invaluable.
We can assist with:
- Preparing and executing the vital documentation required for trust formation
- Attending to the special requirements involved in reporting for trusts
- Completing the trust administration:
- Minute-keeping service
- Annual accounts
- Taxation
- Asset management
- Investment monitoring
- Income distribution
Contact us today to ensure your trust is formed and administered as effectively as possible, covering all legal requirements and guaranteed to fulfill its purpose!
Audit
At Middleton Business Advisers we view audits not as an overhead or necessary evil, but as a great opportunity to review your business.
Our audit team will work closely with you to get to know your business.
We use the latest computerised systems, based around a detailed analytical review of the accounts.
This enables us to offer an objective view of your business so we can advise you of any potential problem areas.