Whether accounting personal or business based, working with experienced accountants at Richard Start Accountants can ease your compliance responsibility. We believe we can assist you with the financial administration and management of tax compliance by allowing you to focus on your business.
Many people fail to understand the strict laws and regulations that must be adhered to when you run your own business. Serious penalties can apply for businesses that neglect to adhere to rules administered by a number of external agencies such as the ATO and ASIC.
What can we do together to make sure you are meeting your compliance responsibilities?
Understand your obligations
To meet your tax requirements, you need to know – and understand – what they are. At Richard Start Accountants our experienced Accountants we have a profound knowledge of compliance legislation to ensure our clients meet all their required obligations. We are continually attending training and updating our knowledge to remain at the forefront of this very complex area. By eliminating the hassle of having to stress about the rules and regulations of maintaining your own business, you are free to concentrate on getting your work done and in turn, increasing revenue.
Surround yourself with great advice
Who couldn’t benefit from a little extra support? No-one expects you to have all the answers when it comes to the ins and outs of Australian tax compliance, so having Richard Start Accountants as a trusted resource you can turn to for guidance will make things that much simpler.
Tax compliance doesn’t have to be difficult. Surrounding yourself with the right advice will help you stay on the right side of the law.
We offer specialised relevant and timely advice to business owners, to help you fulfil your compliance responsibilities. Specific arrangements can be arranged tailored to your business and personal circumstances.
Get in early, plan ahead.
Our experienced Accountants are available to meet with you and assist in completing your compliance activities. This allows you to have a good understanding of the due dates in advance so you can plan for these payments (or refunds). By planning ahead, you can proactively manage your cash flow, obligations with BAS and plan to meet year end obligations ahead of time.
Keep timely, complete and accurate records
To create accurate financial statements, you need accurate records. As tax compliance is required by law, accuracy is crucial if you want to avoid heavy penalties. Not only will thorough record-keeping make lodging your tax documents much simpler, it also makes tracking your business’s progress easier.
Prepare and lodge all mandatory returns, forms and reports
Each financial year, as business owners, you are required to lodge various reports, and pay your business and income taxes. The two main reports are the Business Activity Statement (BAS) and your Income Tax Return. We can assist with keeping your records up to date and accurate to ensure you meet the due dates for these documents.