Find out why for over 20 years our many clients have relied on us to provide high quality taxation and business services.
Prompt Taxation & Accounting is a professional firm of Certified Practising Accountants that has built a reputation for prompt, friendly and efficient service.
Liability limited by a scheme approved under Professional Standards Legislation
Income Tax Returns
Prompt Taxation & Accounting specialises in income tax returns for individuals and small business entities.
We can prepare all basic salary and wage income tax returns as well as more complex tax returns which include rental property, capital gain and investment income schedules, as well as business schedules for sole traders.
We can also prepare income tax returns for small business entities with a partnership, trust or company structure.
Accounting & Business Services
Prompt Taxation & Accounting provides a full range of accounting and business services. We have the expertise to provide you with advice and effective strategies to assist and guide you through all phases of your business life.
We can help our clients achieve improved profitability whilst adopting strategies to minimise income tax, maximise asset protection and increase net personal wealth.
We can prepare financial statements for clients on a monthly basis, interim basis (to aid year end taxation planning) and annual basis in conjunction with the annual income tax return.
We also review and analyse your information to provide you with an accurate financial report including a detailed balance sheet and profit and loss statement.
Taxation & Business Advice
Prompt Taxation & Accounting offers a wide range of general taxation advice. We offer advice on basic salary and wage deductions as well as advice on the salary sacrificing of your employment income. We also offer more complex tax advice, including advice on rental properties and capital gains tax.
We offer specific advice in relation to small business. We can advise on basic measures such as business deductions as well as entity structures, asset protection measures and tax minimisation strategies. In addition to this we also offer assistance for clients commencing a small business or purchasing an established business, including analysis of financial information supplied and preparation of cash flow forecasts.
Prompt Taxation & Accounting can provide GST advice including the completion of ABN and GST registrations. We can also advise on the GST requirements for your business, as well as determining whether your business is required to be registered for GST. We can also research and advise on the various applications of the GST legislation.
Business Activity Statements
Prompt Taxation & Accounting can assist you in completing your Business Activity Statement, or alternatively we can prepare and lodge your Business Activity Statement on your behalf.
Corporate Secretarial Services
Prompt Taxation & Accounting offers a full range of corporate secretarial services including:
Establishment of family/unit/hybrid trusts
Company annual reviews
Lodgement of ASIC forms
Change of company name
Appointment or change of directors/secretary/public officer
Change of registered office/business/office holders address
Provision of registered office
Financial Planning & Investments
Prompt Taxation & Accounting has joint venture alliances with financial planners that can assist will all financial advice including investment and wealth generating strategies.
We can also refer any income protection or term life insurance requirements you may need to our financial planners.
Prompt Taxation & Accounting have a network of experienced bookkeepers that can assist you in meeting your compliance obligations and keeping your business records current.
This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.