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Managing income tax

As the end of another financial year rapidly approaches and another one begins cash flow management of tax liabilities is becoming ever more important in business. With the ATO taking an aggressive stance on debt collection, avoiding tax bill surprises well in advance assist with various business decisions that impact on cash flow.

Knowing where you stand in relation to your PAYG instalments as (The ATO bases these on the last return lodged) business circumstances can change is vital. Instalments that are too small or large can result in a tax liability accruing unknown to the ATO and yourself or having paid excess instalments decreasing cash available to fund your business operations. The ability to plan the payment of tax and avoid surprises at the time of lodgement of your return, which may be up to 11 months after the 30th June provides peace of mind.

We do provide a quarterly tax projection service that compares the ATO instalments against your actual trading results giving you the ability to vary your instalments or plan your cash flow around next year's final tax payments. Please contact me if you would like further information regarding this service.

A reminder that the ATO requires all employers to make superannuation contributions via SuperStream from 1/7/2016.  

CCH Business Forward articles available

CCH Business Forward articles are now available on our Articles and Video page.

Fringe Benefits Tax Year End

Today marks the end of another FBT year. For vehicles that are owned by your business make a record of the odometer readings as at 31st March

Video of the month

Please visit our Articles & Videos page to view the video of the month.

Welcome to our new website!

We are pleased to announce that Balanced Business Accounting have launched a new website service that places us at the forefront of online client business information services. The exponential growth of the internet has changed the approach to accessing information. We have invested in our website as part of our commitment to extending client service. We are committed to the web and to providing our clients with advice and expertise that will enable them to maximise its potential.

Click the links below to view our handy online tools and resources.
Key Dates Internet Links
Tax Facts Articles & Video

Capalaba, Suite 3, 1/76 Old Cleveland Rd,
Brisbane QLD 4157
 Phone: (07) 3395 5444
F: (07) 3395 5400