Gold Coast Tax Accountants

Taxation is not a popular subject but it’s something few of us can avoid. We therefore need to accept that we have to pay but ensure that we do this on time and pay no more than we need to do. That applies whether we’re paying as an individual or as a business because ultimately it determines how much money we have left to spend.

The ATO is concentrating increasingly on compliance so you’re more likely to be scrutinised, especially if you step out of line. To give you the best chance of avoiding this, you have to ensure you adhere strictly to the rules and don’t do anything that’s obviously wrong. Since the rules and regulations are changing constantly, however, and are becoming more complex, you need expert help and advice.

That’s where we at Quill come in because, as experienced Gold Coast tax accountants, we can help you to stay completely within the rules while at the same time minimising the amount of tax you need to pay. If the worst does happen and you’re audited by the ATO, we can help you deal with the matter and reach a successful conclusion.

Staying within the Rules with the Help of Tax Advice on the Gold Coast

The rules regarding both personal and business tax have become more complicated over the years. So much so, that it’s virtually impossible for an inexperienced individual to be aware of them all.

That means, without expert tax advice, you’ll quite possibly breach some of the rules without knowing it. Additionally, you may end up paying more tax than you need to do simply because you don’t know what expenses you can claim or how taxation can be legally avoided.

At Quill, we have specialists in all areas of taxation and so can provide the necessary help and advice whatever your situation. We’re also constantly updating our knowledge and are aware of changes as they occur, enabling us to give advice that’s always up-to-date.

As part of our service, we:

• review your current tax position and advise how it can be improved
• inform you of benefits that apply to you, such as regulations to help smaller businesses
• advise on particular schemes, such as employee share schemes and bonuses, or fringe benefit tax, that will affect the amount payable
• complete and submit all your tax documents and returns
• ensure due amounts are paid on time.

Be Prepared with a Gold Coast Tax Accountant

The overall aim is to ensure your tax liability is kept to a minimum by available legal means that don’t adversely affect the way you live or run your business. In order to do that, you need to claim all allowable expenses and, for a business, structure it in the most tax-efficient way.

The key to being compliant and tax-efficient at the same time is to keep accurate and complete records, and retain them for the number of years required by the ATO. Having proper records means errors are less likely and, in the case of tax audits, that you can more easily prove your tax returns are correct.

At Quill, we can advise you of the best strategy to minimise your tax bill, ensure all your records are in order and assist in any dealings with the ATO. As a result, though tax will still not be a popular subject, it will at least be less of a worry.

Whether it’s individual or commercial tax needs, financial advice or strategies to grow your business, the Quill Group has you covered!

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