Business tax returns

Lodging a clear and correct tax return is an essential step for every business come tax time.

Liston Newton Advisory is rated 4.8 from 32 reviews
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We make lodging a tax return for your business easy

As your business grows, so too does your expenditure, which makes your accounting needs more complex. At Liston Newton we help you navigate this process, by providing expert support in lodging a tax return for your business.

Whatever the size of your business, we can ensure that your business tax return is lodged on time, accurately, and with tailored year-round tax guidance that suits your business goals.

Small business tax returns and financial statements
Corporate tax returns
Annual ASIC lodgements
Personal tax returns for the business owners
Tax minimisation planning
Expert business tax advice

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Learn more about your business with our comprehensive guides

At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.

  • Discover tax strategies and business structures available to you
  • Understand and apply new business management technology
  • Get in touch with us for information tailored to your business

Choose a business tax accountant that’s in this with you for the long haul

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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 business tax return team

Our expert team ensures that your business tax return is accurate, correct, and lodged on time. We work with you throughout the year to ensure you collect everything you need when lodging a tax return for your business, so you have complete confidence that what’s declared on your tax return is right.

But while business tax returns might be a once-a-year thing, your tax obligations aren’t. We ensure that your business remains ATO-compliant, and even provide you with our audit guarantee. This means that if your business is ever audited by the ATO, we’ll deal with them on your behalf, for free.

This is just part of our commitment to help your business remain as tax-effective as possible.

Kieran Liston, Director | Adviser

Meet our tax compliance experts

We have worked with Liston Newton's Accountancy 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 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. Their 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 your business’ success

Planning your business’ income tax return requires more than just collecting receipts and seeing what you can claim. It takes long-term planning, with clear business goals. We work with you to understand what you want your income tax return to achieve, and how we can help you reach this goal.

Our 40 years’ experience has helped us develop a unique approach to your business’ income tax planning and advice. We call it Get Set, Get Moving, Get Free. Click through to find out how our support in lodging a tax return for your business is part of your long-term success strategy.

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Expertise you can trust

Lodging a tax return for your business should be done by the experts. So choose a business tax accountant who knows your business.

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Make sure your business is looked after not just at tax time, but all year round

Get the support you need to ensure your business tax return is lodged correctly, on time, every year.

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Frequently asked questions

What information needs to be reported in my Business Tax Return?

The information you need to report can range greatly depending on your business’ structure and what your trading activities include. As well as the standard business income and expenses, you may also need to report:

  • The balance of any assets and liabilities. This includes things like outlining your trade debtors and creditors at the year’s end
  • Details of any tax offsets available. This can include tax withholding credits, franking credits, Early Stage Investor Tax Offsets, and more
  • Businesses conducting foreign transactions may be required to outline the details of these activities
  • Details of any franking account transactions that occurred during the year.

Your business tax accountant can provide you with a comprehensive list of what you need to report on your business tax return.

When is my business tax return due?

Depending on your circumstances, prior lodgement history, and the size of your business, there is a range of dates when your business tax return could be due.

  • For many small businesses the due date for your return will be 15 May, or the next business day if it falls on a weekend.
  • If your business is classified as a medium or large business it’s likely that the ATO will have a much earlier due date for you. This will vary depending on the amount of tax you were required to pay in the previous year.
  • Businesses with a history of late lodgements can often have their due date brought forward.

As you can see, there is no one catch-all for business tax return due dates. It’s worthwhile checking with your tax agent as to your individual requirements.

How much does it cost to have a business tax return completed?

The cost for a business tax return to be prepared ranges depending on the scope and size of your business. There are different tax applications that need to be considered when completing a business tax return, as well as a series of schedules of additional information that the ATO requires to be submitted each year.

Completing a business tax return involves a lot of complexity, and the price will vary as your complexity increases. However, a business tax return can start from $1200 for the most basic of entities.

As a minimum, a standard small to medium-size business tax return is likely to cost at least $4K plus GST to prepare. This enables your tax agent to give consideration to all tax aspects of your business, and help you make your return as tax-effective as possible.

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