Small Business Tax Specialist
The correct business structure is vital to ensure that you are not paying more tax than you are legally obliged.
At Dicandilo Thomson we can assess and review your current business structure and make recommendations for improved asset protection and tax minimisation.
The services we can provide to assist you with your taxation obligations include:
Lodging of income tax returns for all small business structures including sole traders, partnerships, private companies, family trusts, unit trusts and self managed super funds.
Assistance in completion and lodgement of Fringe Benefit Tax (FBT) returns, payroll tax returns, Business Activity Statements (BAS), Instalment Activity Statements (IAS) returns and other returns and claims
Withholding tax variation forms
Capital gains tax on the sale of assets such as property and shares
Budgeting and planning for future tax liabilities
Correctly identifying all possible business deductions and rebates you are entitled to claim
Payroll tax reviews
Tax Planning
Dicandilo Thomson is very big on tax minimisation as opposed to tax evasion.
What is the difference you ask?
Tax minimisation – under Australian taxation law a tax payer is allowed to reduce/minimise their taxation liability through legitimate arrangements.
Tax Evasion – Put simply tax evasion is a criminal act! It is when a tax payer applies illegal tactics to reduce their taxation liability
Effective tax planning can have a significant impact on a small business, which is why it is so important to get effective accurate tax planning advice with regards to:
Maximising your business deductions
Capital gains tax and applicable discounts
Negative gearing strategies
Available ATO concession an rebates
Maximising your after tax income
Deductibility of assessable losses