Tax Preparation Services
More than Just Another Accounting Firm
Do you require tax preparation services for your business or personal tax obligations? Choose Affinitas Accounting! As a professional accounting firm, we go beyond that. We believe in providing our customers with the support they need to grow their business and achieve their financial goals. That’s why we provide our clients with year-round support.
If you’re looking for tax preparation services in Brisbane to help you prepare for your tax submission or to help maintain your accounting, please get in touch with a member of our friendly staff. Let’s start making a real difference to your business, today!
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Tax Preparation Services
Let Us Help You Manage Your Tax
At Affinitas Accounting, we aim to provide the best tax preparation services we can to our clients. We treat each client with individualism and professionalism, ensuring every client always receives the respect and dedication they deserve. We treat everyone with mutual respect and understanding and go out of our way to build relationships with our clients – which is what sets us apart.
Let this give you peace of mind when allowing Affinitas Accounting to provide you with tax preparation services. We will collaborate with you on the effective management of either your business or personal tax position by providing consistent, timely, proactive, and, most importantly, accurate tax solutions. The Affinitas Accounting team will identify and manage your risks, help you maximise opportunities by considering their tax implications, and always helping you ensure you are fully compliant with the ATO’s strict requirements.
We can assist you with the following tax-related services:
- income tax compliance for partnerships, individuals, companies, trusts, etc.
- preparation of financial accounts
- payroll tax
- Fringe Benefits Tax (FBT)
- stamp duty
- land tax
- specialist tax advice
- effective tax planning
- ATO dispute resolution
- tax risk management
- Capital Gains Tax (CGT)
Need Tax Preparation Services?
Tax Preparation Services
Why Choose Affinitas Accounting?
We don’t just provide you with tax preparation services: we are your partners, providing expert financial advice that can help you see financial success and see the growth of your business. A thorough understanding of business and financial structures means our experienced team can help navigate the complex tax obligations of your business. If it feels like you’re doing two jobs at once by turning over your work and trying to maintain your financial systems, we can help with a sound accounting structure and a financial plan that will guide our business partnership and help you avoid common pitfalls.
We will keep your business healthy and heading in the right direction with quality business and management advice. All your accounting, tax, and bookkeeping needs are in good hands with us. We know that having the right finance and cash flow management systems in place is important for business owners.
Ensuring your business’ finances are in healthy shape can be a daunting task. Let us tailor our tax preparation services to suit your requirements! We will work with you in your Brisbane based business to create a plan to improve growth, limit unnecessary spending, and increase your bottom line.
Here are some of our additional services offered:
- Business & Management
- Superannuation, Investment & Risk
- Finance and Cashflow
- Xero Accounting Software
Four Pillars Approach
Affinitas Accounting has adopted a “Four Pillars Approach” that recognises this need and provides resources and services where we can act as:
- Your Business and Management Adviser
- Your Taxation Specialist
- Your Superannuation, Investment, and Risk Adviser
- Your Finance and Cashflow Adviser.
We realise that not everyone will require all the services we offer; but they are there if, and when, you need them.
Tax Preparation Services
Expert Tax Preparation Services
We provide the following professional business tax preparation services:
1. We help business clients plan strategies and manage the day-to-day challenges of being in business.
The Affinitas Accounting team takes pride in being an important partner for its clients. Whether it’s a simple enquiry over the phone or a more complex situation which needs to be analysed, we encourage clients to contact us and stay connected.
2. Affinitas Accounting Helps You Meet Your Tax Requirements
Taxation and GST liabilities need to be monitored and planned for in advance. The Affinitas approach is to stay involved with your business numbers throughout the year and tackle issues before they become surprises and problems. If the Australian Taxation Department needs to be contacted about your situation, we represent you.
3. Affinitas Accounting Helps You Manage Cash Flows
Understanding the connection and the differences between profit and cash flow is one of the keys to running a successful business. Prices and margins need to be set to make a profit and expenses must be controlled. However, this profit needs to be collected and placed in the bank before it is truly of value to a business owner. Our Brisbane based accounting firm can help business owners implement strategies to keep their trade debtors under control and keep money in your bank, where it belongs.
4. Experience with Client Onboarding and Clean Up
If the relationship with your accounting firm is not working for you, it might be time to consider a change. These professional breakdowns can happen for a variety of reasons, but they are usually marked by communication breakdowns, work that has not been completed to the client’s satisfaction, and/or work that has not been completed at all. Our experienced team has many years of experience discussing these issues with prospective new clients, identifying the priorities, establishing a relationship, quoting fees upfront, and then getting people up to date. The most common outcome of this process is happy and relieved clients who can get back to running the core functions of their business.
5. Experts with Backdated Tax Returns
Sometimes individuals and/or businesses disengage with the tax department. They just fall behind with their tax returns and it seems easier (in the short term) to not deal with the backlog. But there ALWAYS comes a day when reality knocks at the door and these backdated returns need to be dealt with – whether it’s for a bank loan, dealing with Centrelink, a deceased estate or when the dreaded demand letter turns up from the ATO.
After 20 years, there is almost nothing we have not seen when it comes to late tax returns. The experienced Affinitas Accounting team knows how to analyse the overall situation and then manage the process to get you up to date. We even have backdated software going back more than 30 years to ensure that the right tax rates and rules are applied to each back-dated return. Our team got one couple up to date after being a combined 21 years behind. We have also recently completed 12 years for another client.
We’ve cleaned up businesses’ and trusts’ returns stretching back more than a decade. Back-dated individual tax returns can often result in large back-dated refunds. Getting businesses up to date can ensure that if the tax, fines, and penalties are accruing, they can be put on hold and payment arrangements negotiated.
6. Help When it’s Time to Restructure Your Business
Most successful businesses start small and then grow. After a period of time, the tax set-up that suited you as a start-up business may no longer be working for you and you need to consider alternatives. There are some tax laws that can permit these restructures and produce some great outcomes, but they are complex and need to be very carefully applied. Affinitas Accounting is a Brisbane accounting firm that has experience in helping businesses achieve restructures that have allowed them to grow beyond purely family based business. Depending on the circumstances, these new structures can allow them to access tax benefits, bring in equity partners, and/or be able to consider an external sale.
7. Getting Business Valuations
Whether you just want to get a sense of what your business might be worth, or you need a valuation for a specific legal purpose, this is a specialised area that requires identification of various important numbers in your accounts.
The Affinitas Team can help prepare the numbers needed and then arrange for a professionally prepared report to be produced to suit your needs. Most important is that you end up with a valuation that is specific to your business and your industry.
8. Shareholders/Partnership Agreements
If you are in business with someone, you need an agreement in place that deals with how you run the business on a day to day basis, make big business decisions, and manage the entry and/or exit of partners. This needs to be outlined in an official legal agreement that is drafted by a lawyer. Affinitas Accounting can help prepare you for a meeting with the lawyer – the numbers you need and questions/issues that must be discussed prior to the meeting.
9. Keyperson Insurance to Protect Your Business Assets
This is a specialist form of insurance policy designed to protect a business against losing key people and skills. It requires skills in business analysis, accounting, and insurance law. The overall skill set of the Affinitas Group is ideally suited to being able to calculate the insurance needs, research the best policies, and implement the policies in the right ownership structure.
10. Offer Advice on Investment and Superannuation Strategies
If you run a profitable business or have good cash flows from your employment income, you need to turn this into investments. Our investment and superannuation team can work with you to design strategies to build your personal wealth.
Whether it be property, shares, managed funds, superannuation, or geared investments, we have someone you can talk to about these strategies.
11. Give You Professional Advice Related to Income Protection
And while your personal wealth is growing, you need to protect you and your family what you already have by having appropriate levels of insurance in place. Our team of risk specialists can help you understand the differences between death, total and permanent disablement, trauma cover, and income protection. They then calculate levels you need of cover you require and source quality policies. Most importantly they are there to guide you through the process and the paperwork should you need to make a claim.
12. Getting the Right Finance Advice
Getting the right finance is much more than just securing the lowest interest rate. The accounting qualified Affinitas Finance team will help you to structure your finance correctly and ensure you are getting a great deal. By understanding your tax set-up and your current and future requirements, they can research the options and arrive at the solution that best suits your needs. The Affinitas Finance team then helps walk you through the myriad of paperwork that banks require nowadays to process, complete, and settle a loan application.
Starting with Us is Easy
Getting started with Affinitas Accounting is easy:
- We meet and assess your business and personal needs
- We tailor a package of services to meet these needs
- We provide peace of mind via a fixed fee quote and easy payment options
- We ensure that your needs are regularly reviewed and updated
Please contact us if you would like to learn more about our range of services or to start with us. We look forward to hearing from you.