Annual Compliance For BusinessesWhether you run your business as a Sole Trader, a Partnership, a Company or a Trust, we can take care of all your business tax and compliance needs.
As a sole trader you need to ensure that your BAS and tax returns obligations are met on time. There are further obligations if you employ staff, such as single touch payroll and superannuation, taxable payments annual reports and more. We can help you make sense of those that are relevant for your business and make sure you stay on top of them.
While a partnership itself does not pay tax, tax returns for the partnership, as well as all individuals involved must be lodged. Make sure you speak with our friendly team and we will help you understand the benefits and obligations of running your business as a partnership.
A company structure has many benefits, such as limited liability, asset protection, and the tax rate of 27.5%, 26% or 25% is generally lower than a lot of individuals would pay. At Freedom Tax Agency, we can help you take care of the company tax returns and numerous other company obligations.
Running your business via a trust is a great way to protect your assets, thoughtfully distribute your business income and minimise your tax liabilities. It provides a lot of flexibility in terms of financial planning, allows for the growth of your business and can enable the beneficiaries to get a discount on capital assets held by the trust for more than 12 months, including selling your business. We can help you take care of the trust tax returns and many other obligations of the trust.
