Second Opinion On Your Tax
Are you paying too much tax for your Small Business ?
Jump To
Accounting software we work with
SECCOND OPINION ON TAX
Is for Business Owners Who Think You have Overpaid Tax.
If you suspect you’ve overpaid taxes and your accountant hasn’t offered small business tax saving strategies or used concessions, this second option is for you.
- Low Business Cashflow but Paying High Tax
- Surprise Annual Tax Bill from Accountant
- Accountant Does Not Provide Tax Saving Advice
- Review Your High Tax Paying Business Structure
How Our Second Opinion on Tax Process works
Our Tax Accountants Will Collaborate with You to Understand Your Business and Identify the Root Causes of High Tax Bills.
Step1
Review ATO Lodgements
We will review your past 2 years ATO lodgments to understand why you have PAID high tax while your business cashflow may be low.
Step 2
Review Your Accounting & Bookkeeping
We’ve identified potential errors in your accounting system that may have resulted in higher tax bills. Let’s discuss solutions to correct these issues.
Step 3
Tax Saving Report and Amendments
Comprehensive analysis of your business’s tax situation, including a tax savings report and potential amendments with the ATO to minimise your tax liability.
01
Common Mistakes We Find Lead to High Tax Bills
A high tax bill isn’t necessarily solely your responsibility. Multiple factors could contribute to this situation.
You’re traditional accountant works on your past records rather than focusing on your future and make effective tax planning decisions to minimise your tax. Engaging a proactive accountant who works with you to help build your future goals.
Learn more about our Rescue Tax Accounting
You are using an old accounting system that is not able to forecast your business future rather focuses on the past. This means that it only works on previous records hence unable to help you make effective tax saving decisions.
Invest in Cloud Accounting Software like XERO and QuickBooks Online
Without effective tax planning you are unable to forecast your tax bills prior to lodgement. Tax Planning is quintessential in devising your understanding of your tax position.
You don’t have control over your cashflow to pay your bills and run your business on a day to day basis. Knowing your cashflow is important so you don’t fall in your pitfalls of raising debts.
Get an ATO Payment Plan if you have accumulated ATO Debt and need help.
Taking out a loan or finance to meet your ATO payment plan is an effective means of repaying your ATO Tax Debt. This can put you further ahead from where you started.
Talk to Our Small Business Brokers about business cashflow finance or Self Employed Home Loan to pay off your ATO Debt.
A high tax bill isn’t always your fault. Many factors, including accounting errors or missed opportunities, can contribute. Our second opinion tax review can help reduce your ATO debt by identifying mistakes, negotiating with the ATO, and setting up ATO payment plans. We aim to help you understand your situation and find the best solution.
Get a SECOND rescue opinion for your Small Business for your previous year’s tax returns if you have PAID High Tax Bills.
We find that most business owners are heading toward a business crisis if they identify the following in your business.
Drowning In Paperwork
Low Business Cashflow
Paying High Tax Bills
Accountant is working like a sloth
Need an expert wizard?
Come and have a chat with our friendly staff about your next big steps.
Why Choose Oyster Hub Wizard Accountants ?
Managing your business’s finances can be overwhelming. With Oyster Hub, our award-winning accountants can provide expert aid and support to help you expand your business while maintaining complete tax compliance.
When you work with us, you are bound to get the best results. Whether you need help with bookkeeping, tax planning, or financial reporting, we’ve got you covered.
Oysterhub understands the importance of effective communication for successful business operations. Our team of experts is well-versed in cloud technology and proficient in utilizing video conference platforms like Zoom and Microsoft Teams Meetings so you can you can connect and collaborate with us seamlessly from anywhere you are.
Oysterhub does not only take your small business and startup to new heights. We empower every small business owner to unlock their inner wizardry, enabling them to achieve their goals while making a profound social impact in their communities.
Moreover, we are proud advocates of the UN’s Sustainable Development Goals— inspiring our clients to amplifying their value and impact while driving positive change in the world.
Every businesses comes face to face with unique challenges when it comes to managing their accounting, bookkeeping, and finance needs. Our team of experienced professionals go beyond simply crunching numbers and tailor our services accordingly, allowing you to focus on what matters most: driving your small business towards unparalleled growth and scalability.
Sorting out payroll, taxes, and accounts can be an arduous task and could be better spent on completing new projects.
Countless clients have experienced a significant boost in revenue by redirecting their focus back into their core operations while allowing our skilled accountants to handle their financial matters. When you partner with us today, you will experience the difference our expertise can make for your business while providing additional support to fuel your business’s growth.
Clear financial records are the compass that guides successful businesses towards profitability. At Oyster Hub, our experienced accountants specialise in putting your financial records back on track.
In a world brimming with opportunities, we believe that every individual and business possesses a unique Pearl waiting to be discovered.
From managing budgets to optimizing staff resources and closely monitoring your profit and loss, we provide the insights you need to drive your business forward.
Let Oyster Hub be your trusted guide in uncovering the hidden treasures within your business and life. We will focus on finding your pearl so you can enjoy doing the things you love the most.
In the aftermath of the COVID-19 pandemic, numerous business owners find themselves grappling with tax debts, causing significant financial strain. Our expert team is dedicated to surmounting these tax debt hurdles by implementing highly effective strategies tailored to your unique circumstances.
If you find yourself being hounded by the Australian Taxation Office (ATO) and have received distressing correspondence and notices, it is crucial to take immediate action.
Did you know that a staggering 80% of errors in small business finances are directly related to bookkeeping and tax? These mistakes can have a significant impact on your bottom line, leading to penalties, fines, and even potential legal consequences.
Running a business is no easy feat. At Oysterhub, we specialize in helping small businesses regain control of their financials— from struggling with bookkeeping, overdue tax lodgements, mounting ATO debts, and dwindling business cashflow. Our tailored solutions are designed to address your specific needs for regaining control and working towards resolving ATO tax debts.
