Expert year-end Special Purpose Financial Statement (SPFS) compilation, tax reconciliations, and ATO lodgment compliance for Australian businesses. Specialized in Form C (Company), Form T (Trust), Division 7A, and Franking Credit distribution.
Tied-out general ledgers, tax-effect accounting adjustments, and audit-ready workpapers for direct ATO electronic lodgment.
We manage complex entity structures in accordance with Australian Accounting Standards Board (AASB) and Australian Taxation Office (ATO) legislation.
Preparation of annual company returns for small and mid-sized entities. Accurate qualification for the 25% Base Rate Entity tax rate vs the 30% general rate based on passive income thresholds.
Expert tax compilation for Discretionary (Family) Trusts, Unit Trusts, and Hybrid Trusts. We reconcile trust accounting income to taxable net income with rigorous Section 100A compliance.
Safeguard business owners from unexpected deemed unfranked dividends under ITAA 1936 Division 7A. Full management of private company shareholder loans and drawings.
Tracking and reconciliation of the Franking Account (General Corporate Tax Tracking). Ensure dividends are franked at the exact benchmark franking percentage without Franking Deficit Tax (FDT).
Compilation of year-end Special Purpose Financial Statements conforming with relevant Australian Accounting Standards for banks, directors, and tax lodgments.
Accurate apportionment of profits and losses among partners according to partnership agreements. Identification of Personal Services Income (PSI) rules and deductions.
Our tax accountants work directly in your cloud tax ledger or practice management software. We plug seamlessly into standard Australian accounting stacks with full SBR electronic lodgment capability.
Avoid the soaring costs of hiring senior local Australian tax accountants while securing year-round capacity and on-time ATO compliance.
| Cost Element (Annual AUD) | In-House Senior Tax Accountant (Australia) | QuantBooks Global (Offshore Pod) |
|---|---|---|
| Base Salary / Service Fee | $110,000 – $140,000 AUD | $24,000 – $36,000 AUD |
| Superannuation Guarantee (11.5%+) | $12,650 – $16,100 AUD | $0 (Included in flat fee) |
| WorkCover & Payroll Tax | $6,000 – $9,000 AUD | $0 (Zero local burden) |
| Software Licenses & IT Workstation | $4,500 – $7,000 AUD | $0 (Fully equipped infrastructure) |
| Recruitment & Onboarding Friction | $12,000 – $18,000 AUD | $0 (Immediate deployment) |
| Total Annual Investment | $145,150 – $190,100 AUD | $24,000 – $36,000 AUD |
| Net Annual Practice Savings | $0 (Full burden) | Save $121,000 – $154,000 AUD (Up to 75%!) |
*Salary benchmarks based on standard Sydney/Melbourne chartered tax accountant compensations (Hays & Michael Page Salary Guides).
Rigorous quality checkpoints to ensure 100% audit-proof tax files every single financial year.
We review year-end ledger balances, reconcile bank accounts, clear suspense balances, and tie out the GST account directly against lodgments from all 4 quarters of BAS.
Calculate small business asset depreciation pooling, Division 7A benchmark interest journals, non-deductible entertainment, and prepayments to arrive at taxable net income.
Draft Special Purpose Financial Statements (Balance Sheet, P&L, Directors' Declaration, Compilation Report) aligned with AASB and Corporations Act requirements.
Map accounts to tax disclosure labels in Xero Tax, MYOB, or LodgeiT for Company (Form C), Trust (Form T), or Partnership (Form P). Generate full supporting working paper index.
Review by senior Chartered Tax Accountants. Deliver clean file package ready for client electronic signing and single-click SBR lodgment to the ATO.
Our 4–6 hour working overlap with Australian Eastern Time (AEST) delivers clean drafts within 3 to 5 business days.
Request Fast-Track ReviewPrivate company loans and trust distributions face unprecedented scrutiny from the Australian Taxation Office. We apply battle-tested governance to ensure complete audit defense.
Precision calculation of Minimum Yearly Repayments (MYR) under 7-year unsecured or 25-year secured agreements. We apply current ATO benchmark interest rates and draft compliant annual loan agreements.
Full risk-zone classification (White, Green, Blue, Red) per ATO TR 2022/4. We ensure trust distributions to adult children and corporate beneficiaries meet the "ordinary commercial dealing" exception.
Tracking franking credits, franked dividends, and benchmark rule compliance under Division 203. We guard against Franking Deficit Tax (FDT) liabilities at 30 June year-end reconciliations.
Administering Family Trust Elections (FTE) and Interposed Entity Elections (IEE). We navigate the 50% stake test, control test, and family group income injection tests to utilize tax losses safely.
Rigorous compilation of annual financial statements and tax depreciation registers compliant with the Corporations Act 2001 and Australian Accounting Standards.
We prepare comprehensive SPFS packages for small and medium proprietary companies (Pty Ltd), trusts, and partnerships. Every pack includes a Profit & Loss Statement, Balance Sheet, Notes to the Financial Statements, Directors' Declaration, and an Accountant's Compilation Report compliant with APES 315.
Maximize tax deductions through precise asset register administration. We maintain Small Business Simplified Depreciation general pools (15% first year, 30% diminishing value) and implement immediate write-offs within statutory caps.
Answers to common questions from Australian business directors and managers.
Tell us about your entity mix, annual turnover, and current software. We will prepare a customized scope and proposal within 24 hours.
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