Business Tax Returns
Are you looking for a quick, easy and hassle-free solution to lodging your small business tax return? Our expert team of accountants makes your business tax return simple by helping you prepare, lodge and get up to date with all your tax and accounting needs.
Contact An Expert
We’ll get back to you within one business day.
Proceeding confirms you agree to our Privacy Policy
Tech Innovator
of the Year
Business Advisory
Firm of the Year
Fast Growing
Firm of the Year
Firm of the Year
Our Online Business Tax Return Services
As a small business, the Australian Taxation Office requires you to lodge a business tax return for every financial year that you trade.
Don’t let opportunities to claim (save money) pass you by. Our team of award-winning tax experts is on top of every tax change that can impact your small business.
Our business tax accountants work with you to ensure your business tax return is professionally prepared and lodged with the ATO within 4 weeks, however faster times are available.
We offer expert advice on how to save money and minimise tax.
Why POP Business?
We’re passionate about helping small business owners just like you to build your dream business. We’ve helped thousands of small businesses save money and minimise tax.
Our technology-driven and cloud-based online business tax return solutions help streamline your accounting requirements, directly boost efficiency and increase business growth.
Contact us today and speak to one of our business tax return experts to benefit from:
- Expert business tax return services
- Fast and efficient communication
- 24 hour turnaround for overdue returns (urgency fee and conditions apply)
- On-demand small business support from an expert accountant
- No hidden costs
- Actionable advice that achieves results
Australian businesses that love our services include:
Jinitech Group
Surfboardbroker
Autism Swim
PS40
Ocean Solar
What Our Customers Say
Whatever your tax needs, our team of experienced POP Business Accountants have got you covered.
Perhaps your small business is behind on your annual tax obligations?
Maybe you’d like to know if there’s other smart ways you can minimise your tax?
Or, it could be you’re looking for expert advice on how to growth-hack your business.
Good news. POP Business are the pros at all three.
Tax shouldn’t have to be so… well, taxing. Drop us a line and you’ll never look back.
Business Tax Return FAQs
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 and tax offsets and credits for the business, and 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 deadlines for self-lodgements.
Our Chartered Accountants are business tax return experts. Our services are tailored specifically to Sole Traders, Partnerships, Trusts and Companies so you get the right support and advice needed for your business structure to maximise your return and receive accurate lodgements.
A business tax return can be prepared on a paper form, via your accounting software, or your Tax Agent can do it for you. Whichever lodgment method you use you must first ensure that:
- Payroll is finalised with deductions, superannuation, and PAYG taxes correctly recorded.
- All income and expenses are recorded and up to date.
- Bank Accounts are reconciled.
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 attend to the preparation and lodgement of the business tax return with a fast turnaround time of 10 business days.
The Business tax rate for base rate entities is 26% for the 2020/21 FY. Businesses who 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 ranges with your income. If you are operating 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. There are plenty of simple and legitimate ways you can 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 30k 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
The cost to lodge a business tax return depends on the size and complexity of your business and whether it’s structured as a sole trader, company, partnership or trust.
Here at POP Business, our business tax returns start at $1,210 including GST depending on your annual revenue.
As a sole trader or partnership, your business income is treated the same as personal income for tax purposes, and you’ll be taxed at your individual tax rate. However, you can still claim business deductions and credits when completing your tax return.