Business Tax Returns

Small Business Tax Assistance in Townsville

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Small Business, Big Potential

Operating since 2009, the team at Twin Cities Tax & Accounting are dedicated to helping small, local businesses in Townsville and surrounds. We understand that for many business owners, tax season is just one more thing to worry about on top of your usual list of duties – but that’s why we’re here to help! Our job is to make sure your tax is airtight, ensuring there are no mistakes, and you don’t let opportunities pass you by. Our team of registered tax agents are on top of every tax change that can impact your small business, saving you the extra trouble of research. Let us take the hassle of lodging your tax returns off your hands, so you can focus on your day-to-day operations.

All our fees are upfront, with guaranteed pricing and no hidden extras. And the best part? Our fees are tax deductible! If you have any questions regarding tax returns for your small business, get in touch with us today.

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How Can We Help?

Unlike individual tax returns that are usually bounded by the same rules, lodging a business tax return will differ depending on your business structure. From sole traders to partnerships and companies, our knowledgeable tax agents can ensure you fulfill your duties as a business. This means that we will assess your profits and expenses, as well as making sure to include all the offsets and deductions you deserve, such as maximising your instant asset write-offs for small businesses. We’re also here for you year-round, able to recommend tax saving tips or provide bookkeeping and accounting services.

If your finances are starting to get out of hand, having a professional accountant in Townsville can make a world of difference. For more information on how we can help you lodge your business tax returns, give us a call any time.

Business Tax Laws

Under Australian tax laws, what you need to report and how you lodge your annual tax return depends on the type of business you operate, such as a sole trader, partnership, trusts and beneficiaries or a company. When calculating your business’s assessable income, this should include all gross income from your everyday business activities, including sales (online, cash or electronic) and any foreign income. It also includes all other business income not part of your everyday business activities, such as capital gains, value of trading stock, cash prizes or isolated transactions. If this is all sounding too confusing for you, leave it to your tax agent to ensure every transaction is accounted for. Contact the team at Twin Cities Tax & Accounting today!

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Streamline Your Finances

Our licensed team of tax agents and accountants provides a one-stop shop for your small business in Townsville. We offer year-round financing help, ensuring you can get the most out of your tax return. From bookkeeping to providing financial audits and business advice, we can help you sort out your business income and deductions. Save yourself the stress and be amazed with the difference a professional accountant can make for your business. Visit us at Kirwan Plaza or give us a call today!

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