Many business structures, such as a company, a trust or a self-managed superannuation require financial statements to be prepared at least annually, along with the tax return. Your financial statements (including a profit and loss statement and balance sheet), with assistance from your advisor at Wallace Partners should give you much more value than just ticking off a box to satisfy the ATO and ASIC! Thats why every business client of Wallace Partners, on the completion of their financial statements takes advantage of an annual complimentary appointment to discuss their business performance.

Make sure you are maximising your tax deductions, know your obligations, lodge on time and reduce penalties. We are focused on innovative tax solutions to help ease the compliance burden and improve your cash flow.

Do you need help meeting your GST and Activity Statement obligations? We can review, prepare and lodge your BAS, and advise you on the implications of GST on your business & property transactions. As a tax agent our clients are entitled a 28 day extension to lodge and pay your BAS if we lodge it for you.

Self-Managed Superannuation is becoming more popular as people want to take control of their own money. It’s important your accountant is up-to date with this ever changing area of tax law. We can help you look after the administration of your superannuation fund, including preparing the financial statements, tax return and audit.

Do you need help understanding what your employer obligations to your workers are? Contractors vs Employees, payroll tax, fringe benefits tax, work cover, paying super and how you pay your employees tax?

There are often feelings of stress and anxiety when you have cash flow problems, let alone throwing dealing with the Australian Taxation Office into the mix as well. Wallace Partners have helped a lot of businesses by negotiating with the ATO on their behalf, getting penalties and interest costs remitted and forward planning. Lets get you back on track and concentrating on growing your business and doing what you are good at!

If you have one, two, or 10 years’ worth of outstanding tax returns we can help, even if you do not have all of your information. If you have fallen behind in lodging your Business Activity Statements we can get you up to date with those too.

We excel in knowing your numbers and understanding them, we can help you know them better too. Sign up today for our quarterly review program!

How important is it to you, to know what your tax bill will be, and how you can minimise it?