Got tax questions? Call 1300TAXOPIA (1300 829 674) — we’re here to help!
Covering bookkeeping, payroll, BAS, and more, our expert accountants are here to help your business thrive.
We handle tax planning, preparation, and lodgment, ensuring compliance and minimising tax liabilities.
Fill out the form, and we’ll contact you to recommend the best solution for your business needs.
Australia's most popular business structure for small operators, where you trade using your individual name or registered business name. Quick ABN registration with minimal paperwork, but you're personally liable for all business debts including GST obligations - your home and personal assets remain at risk.
Establishing a proprietary limited company (Pty Ltd) through ASIC creates a separate legal entity that protects your personal assets from business liabilities. Australian companies enjoy lower tax rates (25% for eligible small businesses), enhanced credibility with suppliers and banks, plus easier access to business funding and investment opportunities.
An Australian business structure where 2-20 partners share profits, losses, and legal responsibilities for the business operations. Each partner must register for their own ABN and report partnership income on individual tax returns, while remaining jointly liable for business debts and GST obligations.
Australia's most popular business structure for small operators, where you trade using your individual name or registered business name. Quick ABN registration with minimal paperwork, but you're personally liable for all business debts including GST obligations - your home and personal assets remain at risk.
For Company Tax Returns, we have four tax service packages: Taxopia Online Lite ($190 + GST) – A complete self-service option. You enter all the information online and post the lodgement yourself. Once done, we will email you the completed Tax Return and provide you with the instructions on what to do (you will need access to a printer) and where to post it.
Note: This option is only for standard “Pty Ltd” companies. Basic Tax Reporting ($425 + GST) – Our accountant prepares and lodges your returns for you. This option allows for bookkeeper software access. Standard Tax Reporting ($850 + GST) – As above but with complete financial reports (for bank use) and provides greater support. Premium Tax Reporting ($1,300 + GST) – For bigger companies with a turnover of $1M or above per year and provides a dedicated Accountant & Partner Support. The Basic, Standard and Premium packages are for companies, trusts, and partnerships. For more information on each option, click here.
At Taxopia we spend a lot of time innovating and improving staff skills, workflow processes and systems. We exclusively use paperless systems for work papers and other documents. All client documents are signed with the highly secure electronic signing system “Docusign”. This is great for the environment but it’s especially good for our clients because (a) it saves them time and (b) every time we find a faster way of doing something we revisit our pricing to see if we can make things cheaper for our clients. We want to deliver the cheapest professional business accounting and tax solutions in Australia. That’s our goal.
In order for your tax returns to be processed online and prepared accurately by our accountants, you’ll need to prepare documents such as profit and loss statements, balance sheets, records of expenses, invoices, receipts and other financial records.
Yes. You may submit your documents via email at a later time if you don’t have them handy while filling out our online tax return form. Our accountants will be reminding you to send them via email correspondence as well.
Absolutely. You can save your online tax return form by clicking SAVE AND RESUME LATER located at the bottom of the form. Once you click it, a prompt to create a password you can use to access your form later will show up. Type a password that is secure and is easy to remember. After creating a password, you’ll have to click SAVE AND GET LINK. You’ll be taken to a new page where you are given a link to your form. You may copy that link and use that to go to your form later or you may enter your email address and hit SEND SAVE AND RESUME LINK to get your form link sent to your email.
Absolutely. You can save your online tax return form by clicking SAVE AND RESUME LATER located at the bottom of the form.
For these details, it’s best to consult with one of our accountants, but to give you an idea, various tax deductions available for Australian companies include business expenses, employee salaries, depreciation, and research and development expenses among others.
The Australian Taxation Office (ATO) has recently introduced a two new tax incentives and it aimed to assist small businesses to adopt and leverage digital technology to enhance business efficiency and strengthen its capacity to overcome challenges.
If you have expenditures relating to technology investment and skills/training to employees, the ATO will give you a 20% bonus deduction on top of any qualifying deductions you are entitled to.
In Australia, all companies, including foreign-owned and not-for-profit companies, are required to file a company tax return with the Australian Taxation Office (ATO). Even if your company was not profitable or had no tax to pay your company is still required to lodge a tax return. If the company had no activity in a given year it is possible to lodge a no return required in certain circumstances.
Deadlines for filing a company tax return in Australia will depend on your business structure, if you use the services of a tax agent, and if you have any overdue prior year lodgements
Taxopia is a registered tax agent, so when you use any of Taxopia’s serviced tax returns to lodge your company or individual tax returns, you will be entitled to an extension. This includes:
It is essential to keep accurate and detailed records throughout the financial year to facilitate the company tax return preparation process. The specific documents and information needed for filing a company tax return may vary depending on the nature and size of your business, but common ones include:
To ensure that all relevant documentation is in order and that the company complies with tax laws and regulations, seek guidance from a tax professional, such as Taxopia, to assist you with your company tax returns.
A company’s taxable income is calculated by taking the company’s assessable income and subtracting any allowable deductions. The key components include:
While you can claim a tax deduction for most expenses that are directly related to earning your assessable income, there are 3 golden rules for what the Australian Taxation Office accepts as a valid business deduction:
Some common deductions and credits available for companies in Australia include:
Yes, there are specific industry-specific tax considerations that companies need to consider when preparing their tax returns in Australia. Tax laws and regulations vary across industries, and certain sectors may have unique provisions or incentives. Here are a few examples of industry-specific tax considerations:
To ensure compliance with tax regulations during the tax return process, you’ll need to consider the following points: