Tax compliance

Proactive, diligent, and reliable tax compliance

Liston Newton Advisory is rated 4.9 from 33 reviews
HomeServicesTaxation

We can handle your tax and keep the ATO happy

Tax compliance requires diligence and proactive work throughout the year. We are always up to date with legislative changes and Australian Tax Office policies.

We also specialise in small business tax.

Tax returns
BAS returns
ASIC compliance
PAYG compliance
Audit guarantee
Analysis and advice

Free financial strategy session

Get a free 90-minute consultation. Our team will even come to you. See how it works.

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You run your business and we'll handle your tax compliance. Get expert advice.
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We do the hard yards so you don't need to worry

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A wealth of experience

We have over 40 years of experience and we work diligently every day. You can rest assured you're in safe hands for tax compliance.

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Full range of services

We provide a full range of financial services, including year-round accounting, tax planning, and tax compliance.

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Long-term client partnerships

Effective financial services require an understanding of your business and goals. We're with you on the journey for the long-term.

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Leading industry innovation

Staying up to date is essential for tax compliance. We take the time to fully understand any changes in tax policy so you can get the full benefits.

Our tax compliance accountants

Everything we do is designed to help you meet your business goals. We do tax planning throughout the year to ensure you're where you want to be on July first, and we ensure tax compliance every step of the way.

Our team is committed to providing the best financial advice and services you'll find anywhere. We can help you reach your goals.

Our team can even travel to your premises to consult with you face-to-face. It's all part of our commitment to our clients.

Kieran Liston, Director | Adviser

Meet our tax compliance experts

We have worked with Liston Newton's Business Accountants and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Business Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. A Business Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan
Pandora

Our method for business success

Tax planning and compliance requires an understanding of what you're trying to achieve as a business. We take the time to understand your goals and the stage your business is at so we can give you the best advice.

We have developed a unique approach to accounting and financial services which uses your short and long-term goals to inform our advice and services. We call it Get Set, Get Moving, Get Free.

Find out how we do things
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Expertise you can trust

We are qualified and capable of providing the tax advice you need.

Our case studies

We'll keep the tax office off your back

Don't worry about the tax office knocking on your door, we have you covered.

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Frequently asked questions

When is my tax return due?

This depends on various factors. The easiest way to find out is to contact your tax agent directly and they will be able to provide you with the due date directly from the Australian Taxation Office.

There are various due dates, but if you lodge a tax return through a registered tax agent, you have an extension until the 15th of May. If you are not going to lodge through a registered tax agent, then your tax return will be due on the 31st of October.

How long does it take to get my tax refund?

Once a refundable tax return is lodged, it usually takes the ATO 10 to 14 business days to issue the refund. Your refund will usually be paid straight into your bank account.

As with most things, some hiccups can occur and the time frame could be extended. Some reasons why the refund might be delayed are:

  • If you have other lodgement obligations which are late.
  • If you have an outstanding debt on any other ATO account.
  • If your details entered are incorrect, such as an incorrect bank account.
  • If the ATO is doing further data checks on your return.
  • If the ATO is cross-checking your return with the Department of Human Services.

If you lodge through a tax agent, they will usually be able to check the status of your return with the ATO, and when the refund is expected to be paid.

How long do I need to keep receipts?

It depends. The general rule is that the law requires you to keep any tax records for five years after the tax returns are lodged. For a company, the Corporations Act 2001 requires receipts and records to be kept for seven years. For a superannuation fund, some records may need to be kept for ten years.

However, in addition to this general rule, there are some special rules that relate to record keeping for particular cases.

What records do I need to keep?

The types of records to be kept is a broad topic. However it can be summarised into these categories:

  • Documents detailing income.
  • Documents detailing expenses.
  • Asset register with receipts of purchase and sale of assets.
  • Receipts for gifts and donations.
  • General ledger and general journal records.
  • Stock listings.
  • Work in progress records.
  • Wages and superannuation records.
  • ASIC and other regulatory documentation.
  • Minutes of meetings and any changes.
  • Trust and other deeds.
  • Loan and other borrowing records.

Any of the above records that need to be kept must be accompanied by an associated receipt or evidential documentation. Financial records are allowed to be kept as an electronic copy.

Do I need to lodge a tax return?

If you earned any income during the year, then you will most likely need to lodge a tax return. If you are a non-resident for tax purposes, then you may still need to lodge an Australian tax return if you earned income from a source within Australia.

There are various factors which contribute to whether or not you need to lodge a tax return. The general rule is to assume you need to lodge a return unless you receive professional advice that you don’t need to.

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