Online Tax Returns

A business is required on an annual basis to report the business’s financial position and business activities for the financial year to the Australian Taxation Office (ATO). This is your business tax return.

All business tax returns include the annual income, expenses, balance sheet items, tax offsets, and credits for the business. They also determine whether they are in a tax-payable or refundable position.

If you lodge through an accountant, you can extend your tax return due dates beyond the normal self-lodgement deadlines thereby giving you more time to manage your business.

Our chartered accountants are experts in business tax returns. Our services are tailored specifically to Sole Traders, Partnerships, Trusts, and Companies, so you get the proper support and advice for your business structure to maximise your return and receive accurate lodgements.

Accordion To lodge your business tax return, you will need your accounts reconciled and financial statements prepared to report the company’s financial position.

POP can prepare and lodge the business tax return in 10 business days of reconciled data.

The Business tax rate for base rate entities is 25% for the 2024/2025 FY . Businesses that don’t meet the base-rate criteria will be taxed at a rate of 30%.

For Sole Traders and Partnerships, you’ll be taxed at your individual income tax rate, which varies with your income. If you operate in one of these structures, it may be worth considering transitioning to a company-based structure to lower your business tax rate.

Get in touch with us today!

A small business can claim a wide variety of expenses. Plenty of simple and legitimate ways to cut down on your small business tax bill while meeting your tax obligations.
Some may be:

• Claim asset depreciation
• Claim instant asset write-off, up to 20k per asset
• Make concessional superannuation contributions
• Keep a business vehicle logbook
• Defer income and bring forward expenses
• Claim deductions for expenses not paid by EOFY
• Write-off bad debts
• Pay tax-effective wages and dividends

Accordion POP Business is an accredited registered tax agent with the Tax Practitioners Board and a public practice Chartered Accountant firm, Australia’s most reputable and trusted accounting body.

Our team of highly qualified chartered accountants have over 10 years of experience in the accounting industry, lodging tax returns for both individuals and businesses.

Our senior accountants are experts at crypto tax and will ensure you meet your crypto tax obligations.

With POP Business, you know you’ll get the best crypto tax return possible!

POP’s senior accountants are experts at cryptocurrency tax.

We have partnered with Crypto Tax Calculator, Australia’s leading crypto tax reporting platform. They stay current with the latest crypto tax legislation from the ATO.

Don’t worry; POP can help you sort out our multiple years of crypto tax returns.

The best way to manage this is to sign up with the Crypto Tax Calculator to generate capital gains tax reports for each year of transactions. In this case, the significant part about CTC is that your subscription allows you to create multiple reports – you don’t have to pay individually for each tax year!

You can then provide these reports to POP, and we can use them to amend your tax returns for prior years and lodge your current-year returns.

Sign up, and one of our sales reps will provide you with a custom quote!

If you received a notification letter about potential crypto capital gains obligations, that’s okay! The ATO sends these letters to people to generate awareness about their tax obligations. Sign up with POP, and we’ll get your crypto tax return sorted.

If you received a letter notifying you that the ATO wants to audit your tax return and capital gains, you have 28 days to take action or amend your tax return. If you don’t do this, you can be liable for additional fees on top of what you owe. Contact us at POP so we can review and amend your tax returns.

Check out our blog ATO Cryptocurrency Letter: What do you need to know? for more information about ATO letters.