Income tax return preparation support

One set of books, one draft return

Your company, trust or individual return draws on the same reconciled ledger your monthly close already produces: revenue, expenses, asset schedules and any trust distribution resolutions. We assemble that into a draft return and hand it to your appointed tax agent with enough time to review before the lodgment date, not the week before it.

Company tax rates that decide the calculation

A base rate entity, meaning aggregated turnover under A$50 million with no more than 80% passive income, pays company tax at 25%. A company that does not meet that test pays the full 30% rate. Getting the classification right at the workpaper stage avoids a rework later.

Individual and trust timing

A self-preparing individual's return is due by 31 October. Lodging through your TPB-registered agent by that date can give you a later lodgment-program deadline, commonly 15 May the following year. The Australian financial year runs 1 July to 30 June, and Fringe Benefits Tax runs on its own year, 1 April to 31 March, at a 47% rate, which we track separately from the income year so nothing gets mixed up.

The supervision arrangement

Preparing and lodging a tax return for a fee is a tax agent service under the Tax Agent Services Act. We prepare; your TPB-registered agent reviews the position and lodges it, but only once a written supervision agreement between us is signed. We are never the one who signs or transmits the return.

Records that back the return

The ATO expects substantiation, not just a filed number: invoices, bank statements, asset registers and any trust resolutions behind the figures in the return, kept for the period the ATO requires. Because we build the return from the same ledger used for quarterly BAS and payroll reporting, the numbers already reconcile to what has been lodged during the year, so nothing needs to be re-explained at tax time. Where a trust distribution resolution is required before 30 June, we flag the deadline early rather than leaving it for the return itself.