OUR SERVICES
Tax Returns & Planning
Income Tax Returns
At Nitro Accounting we utilise modern technology to enhance our tax return preparation services. We can conduct client interviews over the phone to save you time.
If you conduct a business then you may need to register and report for GST and produce financial statements as well as a tax return. We can advise you of your particular circumstance and we may even be able to advise a more appropriate business structure.
If you are not up to date with all your tax affairs then you need to put them in order before the ATO undertakes legal action. We can help you get your affairs in order to enable the lodgement of prior year tax returns.
To help streamline the overall process we provide on our website a client portal for you to:
- upload pictures of receipts & tax documents
- upload scans of receipts & tax documents
- download your completed tax return for electronic signature
- upload your signed tax return for lodgement & storage.
Tax Planning
At Nitro Accounting we offer a full range of tax planning services. We offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time.
Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:
- Advice on and implementation of tax effective structures for asset protection and tax minimisation
- Provision of fringe benefits to reduce overall costs and to retain key staff
- Capital Gains Tax
- Rental properties and negative gearing
- GST and FBT obligations
- Managing any ATO audits or disputes
Goods & Services Tax
The GST system is a complex and confusing one. Consequently Nitro Accounting ensures our team remains up to date with any changes, enabling us to offer you accurate advice.
Every transaction now has an associated GST issue. We are experienced in these issues and can offer expert advice on the GST implications for your business. The GST-related services we offer include, but are not limited to:
- Advice on registering for GST
- Filing and adjusting GST returns
- ATO audit assistance
Fringe Benefits Tax
If you conduct a business and you provide cars and other benefits outside of payroll to employees or to yourself as a director your business may be subject to Fringe Benefits Tax. The rules are very complex covering many benefits and they change quite often. As part of tax planning if managed correctly the provision of fringe benefits can produce benefits for your business by reducing operating costs and retaining key staff.
At Nitro Accounting we will advise you of which benefits are included and help you utilise the various exemptions available to your business as part of an overall plan.
