Business Tax Return Experts Backing Sydney’s Companies, Sole Traders & Small Businesses
Getting your business tax return right isn’t just about ticking boxes, it’s about protecting your cash flow, avoiding penalties, and making smarter financial decisions year after year. At Tax Aid Profession, we provide accurate, efficient, and fully-compliant business tax support for sole traders, partnerships, and registered companies across Sydney.
Whether you’re navigating your first financial year or you’ve been trading for decades, our team ensures that your business tax return is completed with precision, insight, and a strong understanding of ATO expectations.
Our approach to company tax lodgement is structured, timely, and fully aligned with current Australian Tax Office requirements. From start to finish, your tax obligations are handled carefully and professionally, whether it’s a company tax return, partnership lodgement, or a small business tax return for a growing operation.
What Is a Business Tax Return Across Australia?
A business tax return is the formal report of your business’s income, deductions, and tax liability for the financial year. The type of return and the lodgement method depend on your business structure.
Who Must Lodge?
- Sole traders must declare business income in their individual tax return using a separate business schedule.
- Partnerships are required to lodge a partnership tax return, showing income and deductions split between partners.
- Companies must file a dedicated company tax return, including all income, expenses, and retained earnings.
- Trusts involved in business activities also need to submit trust tax returns with distribution statements.
Every business, regardless of size or profit, has lodgement responsibilities. Late or incorrect reporting can result in penalties, interest charges, or audits. Our team manages the entire company tax lodgement process on your behalf, ensuring accuracy, timeliness, and compliance.
At Tax Aid Profession, we manage these responsibilities on your behalf, ensuring timely company tax lodgement, maximum deductions, and zero compliance issues.
Company
With our business tax specialist’s consulting, you would reduce your stress, cause because we really understand the pressures of business operations.
Since 2015, we have been helping business owners to comply with their Australian Tax Office (ATO) tax obligations ‘REMOVE’ whilst paying the minimum tax legally required.
Our services including include:
- Company tax return preparation and lodgement
- Annual Financial Statement preparation
- Business Activity Statement (BAS)
- Single Touch Payroll (STP)
- Company registration and cancellation (ACN, ABN, GST, PAYG withholding)
Company Tax Returns
If you operate through a registered company, you are required to lodge a company tax return each financial year. This return reports taxable income, offsets, credits, PAYG instalments, and any tax payable or refundable.
The company requires is required to report its taxable income, tax offsets and credits, PAYG installments and the amount of tax it is liable to pay on that income or the amount that is refundable.
The company’s income is separate from your personal income.
We provide a quality guarantee (each tax return is double checked for accuracy prior to lodgement) and year-round tax advice and support, whether you’re lodging a company return or a small business tax return.
Annual Financial Statement preparation
While all companies should keep financial records to keep track of their business, some types of companies have additional reporting requirements and will need to prepare and lodge financial reports with ASIC.
We will help you to prepare a company financial statement prepared in accordance with the Corporations Act with accounting standards (see s296) and International Financial Reporting Standards (IFRS), which Australia adopted in 2005.
Business Activity Statement (BAS)
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.
If you are a business, you use a BAS to:
- Report and pay the GST your business has collected
- Claim GST credits
We can help you with your business’s bookkeeping. We perform a range of reconciliations, proofs and integrity checks based on the information you have provided, and then preparation and electronic lodgement of Activity Statements with the ATO.
If you have done with your bookkeeping, we can perform a Review of specific Activity Statements that will be lodging, so as to provide you with a second opinion and some peace of mind.
Payments you need to report
Report payments made to contractors or subcontractors for the following services:
- Building and construction services
- Cleaning services
- Courier services
- Road freight services
- IT services
- Security, investigation or surveillance services
Contractors can include subcontractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies, partnerships or trusts.
We will help you to lodge the taxable payments annual report (TPAR) by review. The details of each contractor are generally found on the invoice your business received from them. This includes:
- Australian business number (ABN), if known
- name and address
- gross amount you paid to them for the financial year (including any GST).
Single Touch Payroll (STP)
Single Touch Payroll (STP), is a new way of reporting tax and superannuation information to ATO.
With STP, you report employees’ payroll information – such as salaries and wages, pay as you go (PAYG) withholding and super – to us each time you pay your employees.
If you manage payroll for your business or a client, you will need to comply with Single Touch Payroll legislation:
- 1 – 19 Employees
You need to start STP reporting now.
- 20+ Employees
You should already be STP compliant.
We integrated the payroll solution powered by professional accounting STP software which does the maths and stays on top of ATO requirements. This will help Helping to keep your payroll on time and compliant.
We also assist with Taxable Payments Annual Reports for contractors in industries like construction, cleaning, IT, courier services, road freight, and security. Accurate contractor reporting supports correct tax treatment during company tax return preparation.
Business Activity Statement (BAS)
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.
If you are a business, you use a BAS to:
- Report and pay the GST your business has collected
- Claim GST credits
We can help you with your business’s bookkeeping. We perform a range of reconciliations, proofs and integrity checks based on the information you have provided, and then preparation and electronic lodgement of Activity Statements with the ATO.
If you have done with your bookkeeping, we can perform a Review of specific Activity Statements that will be lodging, so as to provide you with a second opinion and some peace of mind.
Let’s Get Your Business Tax Return Lodged the Right Way
At Tax Aid Profession, we believe business owners deserve more than generic support. That’s why we offer real guidance, full transparency, and a local team that understands how Sydney businesses operate.
If you’re ready to file your business tax return, need help with a small business tax return, or want to ensure accurate company tax lodgement, we’re here to assist.
Book your consultation today and let our experts take the stress out of the tax season.