Good news! If you have a company you no longer use, you don’t need to pay yearly ASIC registration fees. Taxopia can close your company down cheaply using the correct legal process.
How To Close Down a Company Australia
Taxopia is the Home of Cheap Company and Trust Tax Returns
Are you wondering how to close down a company in Australia?
Taxopia is Australian owned and based in Melbourne.
There are several ways to close down a company in Australia. The fastest, cheapest and simplest is a company deregistration under the Corporations Act.
How to close down a company in Australia by deregistration
Company deregistration eligibility requires all assets and liabilities to be dealt with accordingly, all tax obligations to be lodged and paid, and all profits to be distributed correctly. It is illegal to close a company before completing these items. The directors must certify the following before applying to deregister the company.
- all owners (shareholders) of the company agree to deregister the company
- the company is not carrying on business
- the company’s assets are worth less than $1000
- the company has no outstanding liabilities
- the company is not involved in any legal proceedings, and
- the company has paid all fees and penalties payable under the Corporations Act, such as company renewal and late payment fees.
Taxopia online tax accountants can complete simple company deregistration and more complicated company closures including members’ voluntary liquidations. We are experts with years of experience assisting with company closure. Contact us to find out more about how to close down a company in Australia today. Call 1300 829 674
Available plans to choose from
Features Comparison
Email Support
Phone Call Support
Annual Business Turnover
Dedicated Accountant Support
Self Lodgement with Taxpla
Partner Support
Forward Loss Management
Tax Agent Services
Bookkeeping Error Fixing
Financial Statements
Asset Finance Schedule
Companies or Trusts
- Fair use conditions apply
- < $1M
- Self lodgement with Taxpla help
- Companies who have carried forward losses in excess of $100,000 ($55 additional)
- *Taxopia Fastlane Service available
- Fair use conditions apply
- (15min)
- < $1M
- Tax return lodged via Taxpla
- Companies who have carried forward losses in excess of $100,000 ($55 additional)
- We Act As Your Tax Agent - You May Be Eligible For Tax Extensions
- Fixing Bookkeeping Errors $85 / hr
- Fair use conditions apply
- (30min)
- < $5M
- Support by a dedicated accountant
- Tax return lodged via Taxpla
- Companies who have carried forward losses in excess of $100,000 ($55 additional)
- We Act As Your Tax Agent - You May Be Eligible For Tax Extensions
- Fixing Bookkeeping Errors $85 / hr
- Preparation Of Full Financial Statements (For Bank Use)
- 2 Asset Finance Schedule Reconciliations
- Includes Depreciation schedules & calculation
- Fair use conditions apply
- (30min)
- > $1M
- Support by a dedicated accountant
- Tax return lodged via Taxpla
- Includes Partner Support
- Companies who have carried forward losses in excess of $100,000
- We Act As Your Tax Agent - You May Be Eligible For Tax Extensions
- Fixing Bookkeeping Errors $85 / hr
- Preparation of Full Financial Statements (For Bank Use)
- 2 Asset Finance Schedule Reconciliations
- Includes Depreciation schedules & calculation
$190 exc gst *
LITE
Annual Tax Reporting Company Tax Return
- Email Support (Fair use conditions apply)
- Annual Business Turnover <$1M
- Self lodgement with Taxopia help
- Companies who have carried forward losses in excess of $100,000 ($55 additional)
* Taxopia Fastlane Service available
$425 exc gst *
BASIC
Annual Tax Reporting Company Tax Return
- Email Support (Fair use conditions apply)
- Phone Call Support (15min)
- Annual Business Turnover <$300k
- Tax return lodged via Taxopia
- We Act As Your Tax Agent So You May Be Eligible For Tax Extensions
- Fixing Bookkeeping Errors $85 / hr
- Companies who have carried forward losses in excess of $100,000 ($55 additional)
* Taxopia Fastlane Service available
See Conditions Here
* Basic Package pricing conditions: ($425+ GST):
- Includes up to 15-minutes of call support to assist you. Taxopia reserves the right to bill for any additional support that exceeds this time.
- Excludes businesses with turnovers of more than $300,000 per year.
- Excludes Companies or Trusts who hold property or share portfolios.
- Excludes preparation of depreciation schedules and calculations.
- Under this package, we do not accept summarised excel spreadsheets, unless your company turnover is below $30,000 per year. Financial data must come from an Accounting platform where either you can grant us access to generate the reports from, or you create the reports yourself and send them through to us.
- Can accommodate Companies or Trusts who have carried forward losses in excess of $100,000 for an additional fee of 85$
- Fixing Bookkeeping errors: an additional $85/hour will be charged
If you do not qualify for this option, you will need to consider our Standard Package ($850+ GST).
Please note that ALL our plans exclude the following:
- Capital Gains Tax events
- Share Trading activities
- Fixing GST errors
- Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Please contact us for a customised quote if you require help on any of the excluded items.
Best Deal!
$850 exc gst *
STANDARD
Annual Tax Reporting Company Tax Return
- Email Support (Fair use conditions apply)
- Phone Call Support (30min)
- Support by a dedicated accountant
- Annual Business Turnover <$1M
- Tax return lodged via Taxopia
- We Act As Your Tax Agent So You May Be Eligible For Tax Extensions
- Preparation Of Full Financial Statements (For Bank Use)
- 2 Asset Finance Schedule Reconciliations
- Includes Depreciation schedules & calculation
- Includes Companies or Trusts who hold property or share portfolios
- Fixing Bookkeeping Errors $85 / hr
- Companies who have carried forward losses in excess of $100,000 ($55 additional)
* Taxopia Fastlane Service available
See Conditions Here
* Standard Package pricing conditions ($850+ GST):
- Includes up to 30-minutes of call support to assist you. Taxopia reserves the right to bill for any additional support that exceeds this time.
- Excludes businesses with turnovers of more than $1 million per year.
- Excludes asset finance schedule reconciliations above 2. (i.e. up to 2 asset finance schedules are included)
- Excludes Accountant Tax Adviser support for other unrelated tax years. This support, regarding the tax minimisation and tax position, is only available for the relevant tax year(s) that the service is being provided for.
- Can accommodate Companies or Trusts who have carried forward losses in excess of $100,000
- Fixing Bookkeeping errors: an additional $85/hour will be charged
Please note that ALL our plans exclude the following:
- Capital Gains Tax events
- Share Trading activities
- Fixing GST errors
- Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Please contact us for a customised quote if you require help on any of the excluded items.
$1300+ exc gst *
PREMIUM
Annual Tax Reporting Company Tax Return
- Email Support (Fair use conditions apply)
- Phone Call Support (30min)
- Support by a dedicated accountant
- Includes Partner Support
- Annual Business Turnover <$3M*
- Tax return lodged via Taxopia
- We Act As Your Tax Agent So You May Be Eligible For Tax Extensions
- Preparation Of Full Financial Statements (For Bank Use)
- 4* Asset Finance Schedule Reconciliations
- Includes Depreciation schedules & calculation
- Includes Companies or Trusts who hold property or share portfolios
- Fixing Bookkeeping Errors $85 / hr
- Companies who have carried forward losses in excess of $100,000
* Taxopia Fastlane Service available
See Conditions Here
* Premium Package pricing conditions ($1300+ GST):
- Includes up to 30-minutes of call support to assist you. Taxopia reserves the right to bill for any additional support that exceeds this time.
- Excludes businesses with turnovers of more than $3 million per year
- Excludes asset finance schedule reconciliations above 4 (i.e.up to 4 asset finance schedules are included)
- Excludes year-end adjustment entries to match your bookkeeping figures to the financial statements for all record-keeping software other than Xero.
- Excludes Accountant & Manager support for other unrelated tax years. This support, regarding the tax minimisation and tax position, is only available for the relevant tax year(s) that the service is being provided for.
- Can accommodate Companies or Trusts who have carried forward losses in excess of $100,000
- Fixing Bookkeeping errors: an additional $85/hour will be charged
Please note that ALL our plans exclude the following:
- Capital Gains Tax events
- Share Trading activities
- Fixing GST errors
- Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Please contact us for a customised quote if you require help on any of the excluded items.