Tax Returns & Tax Compliance
Professional Tax Compliance and Advisory Services.
Director, Annette Mackay is an expert in her field and will ensure you receive correct advice whilst minimising your tax legally.
Mackay and Associates believe that the cost of having your Tax Compliance undertaken by a Professionally Qualified practitioner should be affordable. We provide a thorough analysis of your current situation ensuring you receive the best possible result.
Director, Annette Mackay is an expert in her field and will ensure you receive correct advice whilst minimising your tax legally.
Mackay and Associates believe that the cost of having your Tax Compliance undertaken by a Professionally Qualified practitioner should be affordable. We provide a thorough analysis of your current situation ensuring you receive the best possible result.
Make taxation easy, we can help you with:
- Individual Tax Returns.
- Business Tax Returns including; Companies, Trusts, Partnerships and Sole traders.
- Self-Managed Superannuation, Tax Compliance and Administration.
- Prior Year Tax Returns and Amendments.
- Tax Advice including Capital Gains Tax Advice.
- PAYG Withholding Variations.
- Business Activity Statements.
- Instalment Activity Statements.
Individual Tax Returns
Getting your Individual Tax Return prepared by a Professional Accountant doesn’t need to cost an arm and a leg. We offer affordable services to individual clients. By adopting an analytical and personalised approach we ensuring you get the best tax result legally possible.
Business Tax Returns including Companies, Trusts and Partnerships as well as Sole traders
By using a Small Business Specialist to attend to your Business tax compliance you know you are dealing with a professional. A specialist is someone who keeps up with the numerous changes in legislation and is to-date with current benefits and concessions available for Small Businesses in the taxation arena.
Self-Managed Superannuation Tax Compliance and Administration
Our team approach with one of Perth’s leading SMSF administrators will ensure that your Self-Managed Superannuation Administration matters are compliant. You will have all necessary minutes, resolutions, Binding Death Nominations, Investment Plans as required. We do not outsource your work overseas and our clients rest assured that all tax compliance work is performed by our Director in house.
Typically a field that is grossly overcharged our services are affordable and technically precise.
Typically a field that is grossly overcharged our services are affordable and technically precise.
Prior Year Tax Returns and Amendments
We understand that life gets busy and sometimes things can get away from you. Tax Returns are no-ones favorite thing. If you are late we can help you catch up and get on top of your tax compliance obligations. Sometimes things go wrong and an Amendment may be required. Provided we pick up the error quickly enough we can correct it through an amended return (usually 2 years from the erroneous return being lodged). Generally voluntary amendments will not attract penalties from the ATO.
Tax Advice including Capital Gains Tax Advice
Annette, our Director, is highly skilled and qualified to advise in a multiple of Taxation disciplines including:
- Capital Gains Tax
- Negative Gearing
- Property Investment
- Fringe Benefits Tax
- Goods and Services Tax
- and Foreign Income, just to name a few.
PAYG Withholding Variations
Negative Geared Investments can create cashflow issues for the investor. To relieve this burden we can prepare and lodge a PAYG Withholding Variation with the ATO. This will effectively mean you get to claim your deduction for the investment upfront, rather than when you lodge a tax return. This can make the difference between being able to invest in further assets or even whether or not you can manage to hold onto the assets you have.
Business Activity Statements
We can assist you with the accurate preparation and lodgement of your Business Activity Statement. This greatly reduces the chance of end of year adjustments being required, saving you money (and potentially an awful shock) when your end of year financials and tax returns are prepared.
Instalment Activity Statements
Once an Individual, Company or Self-Managed Super Fund reaches the point of earning sufficient income that is not subject to a withholding system (like our PAYG withholding system on wages and salaries) the ATO will require the taxpayer to make Tax Instalment payments (known as PAYG Instalments).
Unfortunately, the prescribed amount determined by the ATO is often not reflective of the tax applicable in the current year, resulting in gross overpayments or underpayments of tax being made. We can accurately calculate the amount that should be paid via your Instalment Activity Statement, and where necessary vary the Instalment Amount, thus helping you to better manage your cashflow.