How To Close Down a Company Australia

Are you wondering how to close down a company in Australia?

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.

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

For any inquiries, please call: 1300 829 674 or fill out our online form

A friendly reminder…

Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

If this option suits your needs, please click below to get started.

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You’ve chosen the Taxopia Lite Package…

Please note that is a self lodgement service and does not include electronic lodgement by Taxopia. One of our qualified accountants will prepare your tax return, but it is your responsibility to print, sign & post to ATO to lodge.

If this option suits your needs, please click below to get started.

Get started now!

* Sole Trader Package pricing conditions, please take note the pricing excludes the following items; however, these services can be provided for an additional cost.

Excludes businesses with turnovers of more than $1 million per year.
Excludes Capital Gains Tax events.
Excludes share trading activities
Excludes fixing bookkeeping errors
Excludes fixing GST errors
Excludes asset finance schedule reconciliations above 2. (i.e. up to 2 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

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote.

Get started now!

* Premium Package pricing conditions, please take note the premium pricing excludes the following items; however, these services can be provided for an additional cost.

Excludes businesses with turnovers of more than $3 million per year
Excludes Capital Gains Tax events
Excludes share trading activities
Excludes Partnerships that have partner loans owing to the company. (Division 7a)
Excludes fixing bookkeeping errors
Excludes fixing GST errors
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 service is being provided for.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.

Excludes businesses with turnovers of more than $1 million per year.
Excludes Capital Gains Tax events.
Excludes share trading activities
Excludes Partnerships that have partner loans owing to the company. (Division 7a)
Excludes fixing bookkeeping errors
Excludes fixing GST errors
Excludes asset finance schedule reconciliations above 2. (i.e. up to 2 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 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 service is being provided for.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* CONDITIONS to our Basic Tax Reporting Package for Partnership Tax Return ($400+ GST), excludes the following items:

Excludes Capital Gains Tax events.
Excludes Partnerships that hold property or share portfolios.
Excludes Partnerships that have partner loans owing to the company. (Division 7a)
Excludes Partnerships that has carry forward losses in excess of $100,000.
Excludes us preparing depreciation schedules and calculation.
Under this package, we do not accept summarised excel spreadsheets, unless your partnership 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.

If you do not qualify for this option, you will need to consider our Standard Tax Reporting Partnership Tax Return ($800+ GST) option.

Get started now!

Company or Trust Tax Return for Accountants & Bookkeepers

* BASIC PLAN ($400+ GST) CONDITIONS, excludes the following items:

Excludes Capital Gains Tax events.
Excludes Companies or Trusts who hold property or share portfolios.
Excludes Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Excludes us preparing depreciation schedules and calculation.
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.

* STANDARD PLAN ($800+ GST) CONDITIONS, excludes the following items; however, these services can be provided for an additional cost.

Excludes Capital Gains Tax events.
Excludes share trading activities
Excludes Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Excludes fixing bookkeeping errors
Excludes fixing GST errors
Excludes asset finance schedule reconciliations above 2. (i.e. up to 2 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

Get started now!

* Premium Package pricing conditions, please take note the premium pricing excludes the following items; however, these services can be provided for an additional cost.

Excludes businesses with turnovers of more than $3 million per year
Excludes Capital Gains Tax events
Excludes share trading activities
Excludes Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Excludes fixing bookkeeping errors
Excludes fixing GST errors
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 service is being provided for.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.

Excludes businesses with turnovers of more than $1 million per year.
Excludes Capital Gains Tax events.
Excludes share trading activities
Excludes Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Excludes fixing bookkeeping errors
Excludes fixing GST errors
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 service is being provided for.
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 service is being provided for.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* CONDITIONS to our Basic Tax Reporting Package for Company or Trust Tax Return ($400+ GST), excludes the following items:

Excludes Capital Gains Tax events.
Excludes Companies or Trusts who hold property or share portfolios.
Excludes Companies who have Director(s) or Shareholder(s) loans owing to the company. (Division 7a)
Excludes Companies or Trusts who has carry forward losses in excess of $100,000.
Excludes us preparing depreciation schedules and calculation.
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.

If you do not qualify for this option, you will need to consider our Standard Tax Reporting Company or Trust Tax Return ($800+ GST) option.

Get started now!