Compliance & Taxation

basCOMPLIANCE & TAXATION

Taxation

At Award Accounting we offer a full range of taxation services. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

Accounting and Tax Compliance

Tax compliance and reporting regulations are onerous, time consuming and complex.  Small business owners must manage an increasing number of compliance issues, with a greater potential for risk and significant penalties for failing to deliver.   Few businesses have the in-house expertise to deal with such issues in a cost-effective, timely manner.

For many businesses, dealing with compliance issues involves a significant drain on time and resources and, as a result exposes them to a higher degree of tax risk.

Working with Award Accounting can ease the burden on both administrative staff and the key decision makers of the business.  We make your compliance our top priority allowing you to focus on what you do best; managing and growing your business.

We can get involved at any stage – from starting fresh, to taking over from your in-house bookkeepers and accountants when required. This keeps your records accurate, up to date and processed with minimum disruption to your business.

We continuously review the needs of our clients to proactively ensure that they have the proper controls and procedures in place to not only meet compliance requirements, but achieve their personal and business objectives.

Choosing a Structure

There are both advantages and disadvantages associated with each type of business structure. If you are planning on starting a business it is advisable to come in and talk to us.  We will advise you, after considering your individual situation, on business structure, and advice going forward. Whichever structure you choose, make sure you understand the responsibilities that go with that structure.  A little planning now can save you plenty of aggravation later!

Click here to print Choosing the Right Business Structure

Finding the right information quickly and easily when starting your business can help it become a success.   Click here to print the Australian Government’s Starting your business checklist which covers many of the basic issues you need to know when starting a business.

Also have a look at our website to gain some understanding of what is available to you, and please call our office to make an appointment to go over the checklist and discuss your options.

Have a look at these website, they have some great information

• Business Enterprise Centres

Business Enterprise Centres around Australia can give you free, confidential advice and help when starting a new business. They can help with training, business planning and general advice to get you started on a sound footing.

http://www.becaustralia.org.au/

• Business.gov.au

The Australian Government’s business.gov.au website provides comprehensive information for new and established small businesses.

http://www.business.gov.au/Pages/default.aspx

• IBA Enterprises

IBA enterprises provides Indigenous Australians with vital market intelligence, business skills and alternative funding.

http://www.iba.gov.au/

• Indigenous Capital Assistance Scheme

The Indigenous Capital Assistance Scheme gives Indigenous businesses access to commercial finance, and culturally appropriate professional and mentoring support services.

http://deewr.gov.au/indigenous-capital-assistance-scheme-icas

• New Enterprise Incentive Scheme

The New Enterprise Incentive Scheme helps eligible unemployed people to start up and run a new, viable small business.

http://deewr.gov.au/new-enterprise-incentive-scheme-neis