Income Taxation
At Johnson & Tennent we offer a full range of taxation services. Our taxation consulting division is nationally recognised, which means we can offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.
Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.
We provide a complete service of help and advice in all of the following areas:
- Preparation of activity statements and advice on payment of tax
- GST/FBT obligations
- Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
- Management of any ATO audits or disputes
GST Advice
The GST system is a complex and confusing one. For this reason Johnson & Tennent ensures our team is continuously up to date on legislation, and able to offer you accurate advice.
Every transaction brings with it a GST issue. We have experience with these issues and are able to offer expert advice on the GST implications for your business. The GST related services we offer include, but are not limited to:
- Advice on registering for GST
- Filing and adjusting GST returns
- ATO audit assistance
BAS Preparation Advice
The GST implications of some transactions can be unclear and the process of preparing the BAS for your business may be time-consuming. Our team is ready to assist you with advice on the application of GST to your business as well as relieving you of some of the burden of complying with your reporting responsibilities. If you have better things to do with your time (personally or in your business), we’ll save you hours!
Taxation Planning Advice
Our aim is to make the preparation of your annual income tax return as painless as possible. We take time to carefully assemble the necessary documentation to provide a professional service and satisfy any ATO scrutiny.
The experienced and well-trained team at Johnson & Tennent knows the right questions to ask to legally minimise the amount of tax you pay. This, combined with the use of the latest software ensures a professional result for all clients.
Being informed of the taxation implications of any transaction before the transaction occurs is the best method to minimise the amount of tax you pay as this allows you to structure the transaction in the most tax effective manner.
Being informed of the taxation implications of any transaction before the transaction occurs is the best method to minimise the amount of tax you pay as this allows you to structure the transaction in the most tax effective manner.
Likewise, it is useful to carefully preview the likely tax outcome annually, as it is often possible to plan your financial affairs in such a way that tax savings can be gained. Even if no savings are possible, knowing in advance of the likely outcome will give you time to prepare – no nasty surprises is the goal.
Our team regularly helps our clients plan to minimise their taxation liabilities by the evaluation of individual transactions and a careful consideration of interim results during the financial year to proactively assist our clients to effectively manage their taxation responsibilities.
