Australia’s constantly changing taxation environment creates new opportunities and challenges for businesses. Keeping up with these tax changes is time consuming, and can place a heavy burden on your resources.
CM Accountants have the skills and resources to assist with all of your taxation requirements. Through many years of industry experience, we have developed a wide range of skills and services to work withyou in business and personal taxation.
Tax time can be stressful, so our aim is to reduce the stress and free up your time to pursue theoperation of your business.
As an employer you may have payroll tax obligations.
Each state and territory has a different tax threshold and registration process. From the 1st of January 2019, the payroll tax for small business has been removed in South Australia. South Australian business earning up to $1.5 million are no longer liable for payroll tax. To identify where your payroll tax stands, you can find out more information at Revenue SA.
The purpose of Pay As You Go (PAYG) withholding is to pay your employee or contractor’s income tax obligation on their behalf. Businesses are obligated to withhold some of their payment and send it to the ATO at regular intervals. CM Accountants can assist your withholding tax obligations.
Entities may need to pay quarterly instalments of income tax on their business profits or investment incomes. If the situation arises, we can assist with your PAYG instalment tax obligations.
Do you know exactly what Capital Gains Tax (CGT) is or if you will incur it? And if CGT applies to you,how much will you have to pay?
Capital Gains Tax occurs when you generate a profit through the sale of a business asset or investment.It’s a complex part of our taxation system and is heavily regulated and subject to close monitoring.
If you‘re ready to sell your business, it’s crucial to understand Capital Gains Tax and how itmay affect your optimal outcome.
CM Accountants can help calculate your CGT when it’s time to sell or invest.
Businesses are required to register for GST when their turn over reach is $75,000 per annum.
At CM Accountants, we support registration for GST, compliance, and reducing GST debt.
If you’re looking for assistance with personal taxation, CM Accountants can offer tax advice about deductions to your personal circumstances. To find out more about our personal taxation service, click here.
CM Accountants can help you with your taxes and tax questions year round.Get in touch with us today about how we can help.
It’s not easy for businesses to keep up with the laws, tax changes and compliance developments. CM Accountants can support your business with compliance advice and financial reporting, so you can prioritise on what is most important to you – running your business.
Technology is rapidly evolving, and that means learning new tools and processors to help organise your financials. CM Accountants can help bring your accounting to the future with cloud accounting software. Easy to setup, it will make administration duties a lot easier for you and your staff.
Tax time can be stressful, and the with Australian Taxation Laws changing, it can be difficult for businesses to stay ahead with challenges and disruptions.
CM Accountants can help with tax time, by going through all the required taxation requirements for your business. We’ll help you save time to work on what matters most to you.
Finding out what you can and can’t claim, along with invoices and receipts can get complicated. CM Accountants can help you organise and prepare personal taxation with effective tax solutions. Whatever circumstance you may be in, we will create a tailor-made plan to get the best optimal return
Are you an existing business requiring assistance with your financial journey? We offer Specialist Services that are designed to meet the extras required for your business.
CM Accountants can assist with financial health checks, business structures, succession planning and research development grant applications. It doesn’t matter what stage you are in with your business, CM Accountants can provide you the right support to ensure everything is in it’s place.