The complexity of Australia's tax law has profound effects on taxpayers and business owners to meet their tax obligation. At Linssy & Co Accountants, we can assist taxpayers and business owners with all types of tax obligations as required under the Income Tax Assessment Act (ITAA 1936 & ITAA 1997), Capital Gains Tax Act (ITAA 1986), Fringe Benefits Tax Assessment Act 1986, Superannuation Act 1922 and Payroll Tax Act 2007 including indirect taxes from RevenueNSW.
We can assist taxpayers either resident or non-resident with incomes from wages/salaries, property investment, pensions and annuities, franking dividends, income from trusts, partnerships, capital gains, crypto currency, foreign income, income from disposable of shares. You can rest assured that we will use all possible tax credits, tax offsets, deductions to minimise your tax liability in order to obtain a maximum tax refund.
If you are the business owner we can provide advice and guidance on all tax matters relating to BAS lodgement, Capital allowances claim, FBT and CGT, business income tax returns, payroll tax, super guarantee levy, transfer duty, land tax, and any employee's HR and/or payroll- related matter such as Annual and LSL leave, Redundancy and Employment Terminations Payment calculations.
If your business aren’t meeting tax obligations or is falling behind in regard to reporting requirement, we can provide guidance in order to rectify your tax obligation to ATO or RevenueNSW. If your tax affairs have been targeted by ATO or your tax obligation has fallen behind and finding yourself receiving correspondence from the ATO, then it is advised that you contact us immediately so we can work with you to ensure all your business tax obligations are up-to-date.
Are you looking for an experienced BAS Accountant. Our qualified accountant can assist BAS lodgement for your business. We’re very thorough and ensured your BAS returns will be tax compliance. Our individual income tax service can assist taxpayer with investment property. We would ensure your tax liability will be minimised by using all possible work-related expense deductions, rental expense deductions, salary sacrifice, salary packaging, tax offsets, tax rebate, and tax credit. Our accountants will ensure you paid less tax and obtain a maximum tax refund. We know the ins and out about many sole traders’ business. Our accountants will ensure your tax liability for the income you earned will be offsets by small business tax rebate, super contribution, instant asset write-off and all deductions you have incurred. We will provide advice about BAS return, annual tax return, tax strategies to reduce tax liability in order to maximised your income. Our accountants specialised in corporate income tax return. Our tax-effective planning is about tax minimisation strategies to reduce your company income tax liability. We will examine all tax areas to providing advice to maximising profit and driving growth for your business. A partnership business can be very complicated as incomes are not directly tax to the partnerships. A partnership carrying on a business distributes income or losses between the partners. Our accountants help you to reduce tax liability by maximised deductible expenses, tax offsets, tax rebate, tax credit, contribution of super, and tax depreciation. Trust income is complicated by the potential tax consequences that can arise if misused or failed to execute the deed. Our accountants ensure trusts or their beneficiaries who have received substantial income are registered. We can assist the trustee how to distribute income and capital from a discretionary trust can overall lower the tax payable. Our SMSF accountants will keep you up to date with regulatory changes and understand the complexities of managing your own super fund. We can assist you with SMSF audit and annual SMSF tax return. We can help you plan and implement your investment strategy to minimise income tax payable. Our accountants are specialised in Capital Gains Tax. Did you incur Capital Gains from one of the 54 categories of CGT events? We will help you to identify the correct CGT event and declare the gains accordingly in your tax return. The disposable of assets or business is common capital gains by most taxpayers. We will provide advice how you can reduce tax liability. Our accountants can assist in all types of fringe benefits tax calculation such as salary arrangement, Board fringe benefits, housing fringe benefit, LAFHA Fringe benefits, Cars and Car leasing FBT, expense payment fringe benefits, entertainment-related fringe benefits, property fringe benefits, and loan and debt waiver fringe benefits. Are you a non-resident business owner or temporary resident or holidaymaker taxpayer in need of help with your tax return. Our accountants can assist you to lodge your tax return to ensure you pay no more tax than required. At Linssy & Co accountants, we have combined 30-years experiences in commercial and public practice. We can help you to manage all your financial transactions and business tax obligations to ATO with smooth sailing. Our accounting service is extended beyond bookkeeping and tax returns. We will provide financial analysis and management accounting services in order to ensure your business is sustainable and profitable. Our accountants will endeavour to add values to your business by reducing inefficiency business operation. Providing strategies to reduce costs, increase revenue and legally minimise tax liability. We can help you to minimise your tax liability from your business income using all possible accounting methodology and tax strategies such as business incentives, depreciation tax claim, carry back loss, rebates and credits, offsets and deductions and others taxes. IAS/BAS Lodgement
Personal Income Tax
Sole Traders Income Tax
Company Income Tax
Partnership Income Tax
Trust Income Tax
SMSF Income Tax
Capital Gains Tax
Fringe Benefits Tax
Non Resident Taxpayer
Accounting Services
We offer personalised financial, management accounting and payroll services to small to medium size entity include but not limited to:
Financial Statement Service.
Linssy & Co Accountant can assist your business to prepare comprehensive financial statements to gauge the financial performance of your business, or it can be used for your entity reporting obligation to ACNC or ASIC. We prepare financial statements using accrual-basis accounting and AASB accounting standards. These accounting standards will assist in the creation of financial reports such as your Balance Sheets, Statement of changes in Equity, Income Statements and Cashflow.
Management Accounting ServiceLinssy & Co Accountants can assist your business with management accounting, include but not limited to: - Cashflow and Budget forecasting versus Actual
- Managing costs and pricing using standard costing or ABC method
- Manage Cashflow and Working Capital
- Breakeven and Profitability analysis
- Financial analysis and tax planning from short to medium term
- Sales and expenses forecast with variances
- Reduce cost drivers to improve bottom line
- Financial statement with scorecards, KPIs and financial ratios analysis
- Situation analysis of revenue, payroll, expenses, capital expenditure
- Inventory and PPE management
- Advise on external effects on business such as government policies and competitors
- Risk management of business assets.
- Cashflow and Budget forecasting versus Actual
- Managing costs and pricing using standard costing or ABC method
- Manage Cashflow and Working Capital
- Breakeven and Profitability analysis
- Financial analysis and tax planning from short to medium term
- Sales and expenses forecast with variances
- Reduce cost drivers to improve bottom line
- Financial statement with scorecards, KPIs and financial ratios analysis
- Situation analysis of revenue, payroll, expenses, capital expenditure
- Inventory and PPE management
- Advise on external effects on business such as government policies and competitors
- Risk management of business assets.
