Keeping on top of your accounting and tax compliance responsibilities is a role of its own. For business owners with limited internal support, this is an unwelcome addition to your existing responsibilities.
This is often why people use a tax accountant. Melbourne business owners with a complex company structure or financial situation have benefited greatly over the years by handing their tax planning and administration needs over to the income tax professionals at RBK Advisory.
By letting our expert accountants remove this task from your to-do list, you are also benefiting from our specialist knowledge, proven business tax strategies, and efficiency. Read on to learn a little more about our tax and compliance services and why they can help your business get ahead today.
Our tax compliance team can take care of the preparation and lodgment of the following documents for your business to the ATO or ASIC:
With proactive tax planning and structuring, you create flexibility for your business. A plan and efficient structure are a must for everyone, from startups to those looking to acquire a new business, expand overseas, or simply be more proactive with tax management.
At RBK Advisory, we couple both tax and compliance services with our team’s in-depth business advisory knowledge to consider the complete picture of your company. The right business structure significantly impacts tax planning and regulatory compliance, asset protection, wealth creation, and efficient expansion. With our team on your side, you can find peace of mind knowing the correct steps are being taken from the beginning.
If you’ve ever wondered what are the penalties for a business not keeping the required records, the answer can be costly. One of the main reasons why business owners hand their tax and compliance requirements over to income tax professionals is to avoid an expensive mistake.
In Australia, the ATO may impose record-keeping penalties if proper records are not kept. The penalty amount can be in the thousands if no attempt is made to keep proper records or they are deliberately destroyed. Severe cases of non-compliance may be referred to the Director of Public Prosecution, and this can result in a fine of up to $10,000. More information about this can be found via the ATO.
Many business owners find it hard to fulfil their tax obligations simply because their records aren’t up to date. There is no greater stress than leaving things to the last minute at tax time, struggling to meet deadlines then lodging an incorrect return.
We can work with you to design a process that makes it easier to keep, manage and regularly review your records (see the case study at the end of this page for an example of how). With monthly reviews and an easy-to-use cloud-based accounting system, you can ensure that the process of lodging taxes is never overwhelming.
RBK Advisory is one of only two BCorp certified accounting firms in Australia, and we pride ourselves on taking an ethical approach to everything we do. Our team brings various skills to the table as we are made up of:
It means your business gets an outside-of-the-box approach to problem solving and strategy, with a knowledge base that is second-to-none.
We don’t want to just submit your taxes; we want to make sure your business is operating efficiently and positioned for growth. By adding our team to yours, you gain decades of experience to navigate the areas of tax sensitivity and compliance requirements with ease. We look forward to helping your business grow today!