Company Tax Return

Company Tax Services - Tax Agent Sydney

Running a business in Australia involves navigating through complex company tax obligations. At Tax Logic, we provide expert company tax return services to help businesses in Sydney meet their tax responsibilities while maximising potential tax savings.

Whether you're a small company or a larger corporation, our tax agents ensure your business complies with the Australian Taxation Office (ATO) requirements and takes full advantage of available deductions and credits.

What’s Included in Our Company Tax Return Service

Our expert team of company tax accountants offers a full range of services to ensure your tax filings are accurate, timely, and compliant:

• Preparation and Filing of Company Tax Returns - We handle all aspects of your company tax return, from gathering financial data to filing your return with the ATO. This includes preparing company financial statements and ensuring they align with ATO requirements.
• Financial Statements and Reports - Our team prepares comprehensive financial statements that are in line with ATO requirements. This includes profit and loss statements, balance sheets, and cash flow statements to ensure your company’s financials are in top shape.
• Small Business Tax Concessions - We help eligible businesses take advantage of small business tax      concessions such as the instant asset write-off, simplified depreciation, and small business CGT concessions, reducing your tax burden.
• BAS and GST Reporting - We can also assist with preparing and lodging your BAS (Business Activity Statement) and GST returns, ensuring all GST payments and claims are correctly reported.
• Tax Audits and Compliance Support - In the event of an ATO audit, we provide support and guidance throughout the process, ensuring your business remains compliant and minimising any risks.
• Tax Planning and Advice - We provide proactive tax planning services, helping your company make strategic decisions throughout the year to reduce your tax liabilities. This includes advising on eligible tax deductions, credits, and other opportunities to optimise your tax position.

Taxation of Companies:

A company is a separate legal entity and pays tax on its profits at a flat corporate rate:

• 25% for base rate entities (turnover under $50 million and 80% or less passive income).
• 30% for other companies.

Companies can retain profits for reinvestment, which is a major advantage for growing businesses. When profits are eventually distributed as dividends, they carry franking credits, which reduce double taxation for shareholders.

Key Tax Benefits of Companies:

• Retain Profits - Ability to retain profits at a lower tax rate for future growth.   
• Franking credits - Franking Credits on dividends help reduce overall tax for shareholders.   
• Asset Protection - Strong asset protection as a separate legal entity.

Limitations of Companies:

• No 50% CGT discount for companies.   
• Losses are trapped in the company and can only be used in future years if continuity of ownership or business continuity tests are met.   
• Division 7A rules apply to loans or benefits provided to shareholders or their associates.

Best for: Businesses planning to reinvest profits, scale operations, or limit personal liability.

Company Tax Return - What We Do

We provide end-to-end assistance for small business owners and investors who need their Company Tax Return prepared and lodged:

• Prepare your Accounts – using Xero Software or Elite Ledger 
• Cashbook Template – Provide a Cashbook Template if you prefer to DIY 
• Review your ABN income – Review your ABN income and business activity 
• Capital Gains & Losses – Calculate Capital Gains & Losses for Share Traders and Investors operating from within a Company structure 
• Deductions – Identify and claim deductions all eligible business & investment expenses 
• ABN setup & GST Registration – Help with ABN setup & GST Registration ensuring compliance from the start 
• BAS returns – Reconcile BAS returns for accurate reporting 
• Depreciation Schedules – Take care of Depreciation Schedules & Instant Asset Write Offs 
• Motor Vehicle Calculations – Look after Motor Vehicle Calculations & Help you with Logbooks 
• Closing Stock Accounts – Reconcile Closing Stock Accounts for inventory accuracy  
• Payroll & Superannuation – Reconcile Payroll & Superannuation to meet employer obligations 
• Company Held Investments – Reconcile Company Held Investments for tax and reporting purposes 
• Income & Loss Statement – Prepare Income & Loss Statement for financial clarity 
• Balance Sheet – Prepare Balance Sheet showing your company’s financial position 
• Franking Account Return – Prepare & Lodge the Franking Account Return as required by the ATO 
• Minutes – Prepare all Minutes as required by ASIC 
• Company Tax Return – Prepare & Lodge the Company Tax Return

Company Tax Information Required Checklist

To prepare your Company Tax Return, you’ll need:

Some of The Industries We Work With

• Tradies & Contractors - From tool deductions to vehicle expenses, BAS Returns to TPAR's - we help tradies maximise their claims and stay compliant.
• Rental Property Investors - We specialise in depreciation schedules, negative gearing, and capital works deductions to optimise your return.
• Conveyancers - we advise on the GST approach for Tax Invoices, attend to professional indemnity considerations, track deductible business expenses, prepare & lodge BAS Returns, and look after your Company Tax Return.
• Mortgage Brokers & Finance Professionals - We handle commission income, aggregator fees, and ensure accurate reporting of GST and PAYG.
• Share Trading Investors & Traders - Whether you're a casual investor or a full-time trader, we help with CGT calculations, trading stock treatment, and record-keeping.
• Management Consultants - We assist consultants in navigating common challenges such as distinguishing between personal and business expenses, managing GST obligations, handling contractor vs employee classifications, and ensuring accurate income reporting.

Why Choose Us?

• ATO-Registered Tax Agents with years of experience
• Tailored Solutions for Companies of all sizes
• Deadline Management to avoid penalties
• Transparent Pricing with no hidden fees
• Local Expertise - Sydney-based, serving clients Australia-wide
• Trusted by individuals, families, small businesses and investors