As a business owner, you want to make sure your business is tax compliant. With Magnolia Capital Advisory, taxation compliance has been made easy.
Tax compliance is necessary if your goal is to maximise business security and success. Our taxation and business compliance services aim to minimise taxes and maximise profit in a responsible and law-abiding way.
Tax planning can prove a challenge for small and medium business owners. Keep your business on top of its game with the best accounting services in Australia. Whether it’s assistance with GST compliance or payroll tax, Magnolia Capital Advisory can help you stay on top of it all.
Even if you are already experiencing tax problems or have missed important tax deadlines, Magnolia Capital Advisory can help set things right. Our extensive experience and knowledge of the Australian taxation system and our connections with the Australian Taxation Office allows us to solve financial and legal problems faster than any competitor.
Our Taxation Services include:
Direct and Indirect Taxes
If you have any concerns with regards to your business complying with Australian Taxation laws, our taxation experts can help answer all of your questions. With years of experience in the field, we tailor our taxation services to ensure you have all the information you need to make the most of your earnings by minimising your taxes. As well as direct taxes, we also specialise in advice for indirect taxes such as land tax, customs duty and stamp duty.
Our taxation experts are always striving to provide proactive advice, so you can be apprised of the tax implications of your business decisions now, for future dealings. We remain on top of legislative changes and are always looking at ways in which we can minimise tax, as well as research scenarios for savings across direct and indirect taxes.
10% tax on all goods and services sold will apply to almost every product or services that you bring to the market. Knowing that you have someone to rely on and make sure your business is always compliant with the GST will make management and future success just so much easier.
Looking at starting a business or seeking advice on your current business? Structuring a business is an extremely important exercise and our team prides itself on providing you with the comprehensive advice needed to make an informed decision. We explore the advantages and disadvantages of structuring via a company, trust, partnership and sole trader, with asset protection and taxation at the forefront of our advice. We also specialise in structuring and forming consolidated tax groups.
Australian taxation law can be extremely complex and hard to navigate. Recent increases in ATO taxation audit activity means it's now more important than ever for businesses to take a more proactive approach. Our experienced tax auditing team will help you to identify any compliance issues you may have while preparing your business for a potential audit. A full tax risk assessment will be performed, along with detailed record-keeping and documentation checks to minimise risks. In the event of an audit, they will coordinate with the ATO on your behalf, helping resolve any issues.
Fringe Benefits Tax
Fringe Benefits Tax (FBT) is misunderstood by business owners and is quite complex. It applies to non-wage benefits provided to employees, directors and their associates. Our team can provide the necessary support to ensure your business is compliant with FBT legislation and also ensuring its impact is minimised. Further, our expert team will manage FBT audits and provide general FBT advice, inclusive of access to exemptions and salary packaging advice.
Payroll tax is paid in each state of Australia on employee wages and some contractor payments. Our payroll tax experts ensure that the correct amounts are reported, mitigating the risk of over payments and ensuring your business is maximising entitlements. We also assist in liaising with offices of state revenue and in managing payroll tax audits.