Tax Compliances
Australia Tax System!
Australia’s tax system is as comprehensive and complicated as any in the world. There are frequent changes to legislation and regulations.Tax affects every individual, public, private and multinational company, each with their own unique set of challenges. What is common among all tax payers, is the need for an efficient tax strategy. Working with RIAM Partner’s experienced tax advisors gives our clients the confidence that their tax affairs are in safe hands.
What is Tax Compliance?
Taxation Compliance is to making sure you are acting inside the tax law and meeting all your tax obligations. These obligations vary depending on your personal circumstances, but the fact remains the same; compliance is key. If you operate a business and don’t comply with the relevant legislation; chances are it won’t last and you will be stuck paying twice as much to fix it. At Tax & Accounting Professionals, we take compliance very seriously and so should you.
Generally, most small business’ will have the following legislation to abide by;
- Goods & Services Tax – (Goods and Services Tax) Act 1999”
- Income Tax Law – Income Tax Assessment Act 1936 (Cth) and the Income Tax Assessment 1997 (Cth)
- Employers Obligations for Superannuation “Superannuation Guarantee (Administration) Act 1992
- Protecting your workers – Accident Compensation Act 1985; Accident Compensation (WorkCover Insurance) Act 1993; Accident Compensation Regulations 2001
- Employment contracts and conditions “The Fair Work Act 2009”
As a Tax & Accounting Professionals, we can help you to simplify your tax compliance, Accounting, Employment and every other aspect of your business. It is our goal to see you thrive and complying with legislation, as it is the first step in a prosperous business.