The team at East Maitland Accounting are a group of experts who specialise in accounting and tax for individuals and business owners, as well as super funds. We support our clients and help them form an effective strategy on both a personal and business basis, to ensure that the goals of our client are achieved. Whether you are simply after an individual tax return, or you are a business looking for BAS assistance, our team is eager and ready to help you!
Check below to find more information on how we can help.
Individual Tax Returns
Receive the best tax refund possible! We have tax experts readily available to meet you in person and make sure you are looked after.
Tax for Business
Regardless of what your business structure is, you will have certain obligations to the ATO throughout the financial year. The team at East Maitland Accounting can help ensure you abide by all obligations, and assist in helping you lodge all necessary reports and information on time.
CGT is a tax that you are required to pay on any capital gain earned on the sale of an asset such as a property. CGT applies to any asset obtained after 19 August 1985.
Tax Effective Structuring
When choosing business structure, there is a wide range of factors to consider and these will vary according to each individual case. It is important that all of the necessary information is collected to ensure that all the relevant factors are considered.
If you own the property, the Australian Tax Office allows you to offset the property’s loss against your other revenue streams. This means that expenses associated with your investment property may be claimed as deductions to reduce your tax liability.
GST & BAS Assistance
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. The business activity statement (BAS) is a tax reporting requirement for businesses issued by the ATO on either a monthly or quarterly basis, where GST is included.
If you find yourself owing a debt to the ATO, we can help you with managing and negotiating a suitable payment plan. This ensures a reduction in financial stress, while abiding by the taxation office.
Cloud accounting systems, such as Xero and MYOB, are streamlined accounting systems for the modern world. The EM Accounting team has experts inn cloud accounting ready to help you with set-up and ongoing support to ensure you business serves all obligations to the ATO.