At Liston Newton Advisory, we are small business and franchise specialists. We understand you need someone to handle your tax so you can get on with running your business. We can do all that and much more.
We can help you take the next step with your business.
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For over 40 years, we've been helping small businesses reach their goals with effective tax planning and compliance.
We can handle all your tax needs as well as providing a range of other financial services as your business continues to grow.
To give you the best small business taxation advice, we need to understand your business goals. We build long-term partnerships with all our clients.
We are always up to date with any developments which could benefit our clients, whether it's legislative changes, new technologies, or improving our processes.
We love working with small businesses and helping them grow. Our services have a real, measurable impact on your business outcomes.
We provide tax advice and services which are informed by your business goals, so everything we do for you is designed to get your business where you want it to be.
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.
We have developed a holistic approach to accounting and financial services. By gaining a deeper understanding of your business, we can give you the best advice on how you can achieve your goals.
Growing a successful small business is a long journey, and we're on it with you every step of the way. We can provide a wide range of financial services as your business moves through the different growth stages.
Find out how we do thingsWe have over 40 years experience working with small businesses and qualifications you can trust.
Small business taxation isn't fun or exciting, but we'll make sure it isn't a problem for you.
We restructured Papermill Media and moved them to cloud accounting. Papermill was listed at number 43 in the Australian Financial Review's Fast 100 List in 2017.
Take a lookWe have helped Cambridge Plumbing to manage and forecast cash flow. We've also provided the director with advice on wealth creation and asset allocation.
Take a lookAfter helping them transition to Xero, we conducted quarterly business coaching with Quality Energy and helped increase their profits by 90 per cent.
Take a lookOne important benefit is an immediate tax deduction for each capital item a small business purchases for business-related use, up to a cost of $20,000 per item.
Another benefit is the reduction in a small business entity company tax rate from 30 per cent to 27.5 per cent.
You are considered a small business entity by ATO standards if you have less than $10 million in annual turnover.
Small businesses can have a variety of different tax structures in place, so there is no general rule on how much tax a small business will pay. The tax you pay as a small businesses will vary if you are under a trust, company, or partnership structure.
The deductions that any small business can claim varies from business to business. Each industry has specific expenses that relate to earning assessable income.
Under Section 8-1 of the Income Tax Assessment Act 1997, is specifies that you “can deduct from your assessable income any loss or outgoing to the extent that it is incurred in carrying on a business for the purpose of gaining or producing assessable income”.
Any business operator will need to consider registering for GST once they estimate that within any income tax year they will be exceeding $75,000 in annual turnover.