Small Business tax Accountants

If you are falling behind on ATO compliance, burdened with a significant amount of debt, and facing cashflow constraints, you may be working with an accountant who is a sloth. Fortunately, Oyster Hub has a team of business tax accountants that uses cloud accounting solutions to help clients in saving both their time and money.

Accounting software we work with

HOW TO GET STARTED

Simplify Your Finances with Professional Tax Accounting

Are you struggling with ATO compliance, burdened by debt, and facing cashflow constraints? You might be working with an inefficient accountant. At Oyster Hub, our team of business tax accountants leverages cloud accounting solutions to save you time and money. Our proactive approach helps you reduce your taxes and prioritize your future goals, allowing your small business to thrive.

Why Choose a Small Business Tax Accountant's Service?

Choosing an exemplary small business tax accounting service can significantly affect your financial health. At Oyster Hub, we provide exceptional value by utilising new accounting strategies, including cloud accounting and a comprehensive database of over 200 tax strategies.

We aim to help small businesses reduce costs and maximize profits, enabling you to focus on your core business operations through effective and streamlined small business tax accounting.

Comprehensive Packages: Business Accountant for Taxes

Our tax accounting packages include annual financial statements, business tax lodgments, ATO BAS lodgment, and an annual accounting check designed to meet the unique needs of each business. We offer tailored services to ensure your business meets its tax obligations efficiently and effectively and that you have a return on investment.

01

Meeting Your Business ATO Obligations

Many clients come to us after identifying discrepancies or missed opportunities in tax compliance and planning. Our rescue tax accounting professionals ensure your business stays compliant and maximizes its tax benefits. Our services include:

  • Annual business tax returns
  • Management reporting
  • Business activity statements (BAS)
  • Goods and services tax (GST) compliance
  • Pay-as-you-go (PAYG) installments
  • Pay-as-you-go (PAYG) withholding tax

Proactive small business tax accounting services provide numerous advantages, ensuring smooth operations and strategic growth.  By leveraging advanced tools and personalised strategies, we can help businesses stay compliant, optimise resources, and make informed financial decisions. Our expert team is dedicated to providing the support you need to achieve your business goals.

  • Streamlined Cloud Accounting

Our team of business tax accountants has assisted numerous small businesses and startups in transitioning to cloud accounting. This automation simplifies tax, BAS, and ATO. By leveraging a single system that combines all accounting, bookkeeping, and ATO, you eliminate the need for paperwork, freeing up valuable time and resources.

  • ATO Compliance and Beyond

Stay compliant with our tailored strategies. We guarantee you will never receive a negative ATO call for non-compliance. Timely access to financial information is critical for informed decision-making, allowing you to focus on growing your business.

  • Data-Driven Insights

Our cloud-based systems provide 24/7 access to your entire business database. This enables you to make data-driven decisions at any time, from anywhere.

At Oyster Hub, we understand that each small business has unique needs and challenges. We offer a specialised service designed to address these specific requirements, providing tailored solutions that ensure compliance, optimise operations, and support growth.

Whether you need a service to aid with self-managed super funds, fringe benefit tax returns, or rescue tax accounting, we have the expertise to guide you through every step.

1. Self-Managed Super Funds (SMSF)

 

Our experienced accountants can help you navigate the complexities of setting up and auditing self-managed super funds, ensuring compliance and financial growth. Managing your Self-Managed Super Fund (SMSF) requires precision and expertise. Our services for SMSFs ensure that your fund remains compliant and optimised for financial growth.

2. Fringe Benefit Tax Returns

 

Determine which non-income benefits are exempt and which require FBT returns with the help of our expert accountants. If you provide non-income benefits to employees, our accountants can help determine which benefits are exempt and which require FBT returns, ensuring compliance with all regulations.

3. Rescue Tax Accounting

 

If you’re facing outstanding ATO lodgments, high tax bills, or low business cash flow, our rescue tax accountants can help. We address disorganisation, incorrect GST and PAYG payments, and ATO fines and penalties. Rescue business accounting services are tailored to address your needs, helping you regain control of your financials and resolve ATO issues.

Overwhelmed by tax debt? Our expert tax accountants can negotiate ATO payment plans and manage tax debt negotiations. We thoroughly review your tax situation to determine the best course of action, ensuring your business remains viable. Our team has helped countless struggling small businesses in similar situations.

If you are working with an ATO payment plan, you need someone to represent your case to the ATO. Trust us to manage your tax debt payment plan and keep your livelihood intact.

  • Comply with Outstanding Business Obligations: Ensure all your business accounting obligations are met efficiently.
  • Seeking Finance Options: Explore financing options to manage your ATO tax debt.
  • Negotiation of Payment Plans: We negotiate payment plan arrangements with the ATO on your behalf.
  • Application for Remissions: Apply for remissions of general interest charges and failure-to-lodge penalties.
  • Director Penalty Notices: Handle negotiations regarding Director Penalty Notices.
  • Business Viability Assessments: Conduct assessments to ensure your business’s long-term viability.

Complying with STP requirements is essential for businesses employing staff. Our cloud payroll software solutions, like XERO, simplify STP compliance, superannuation, and payroll management. If you employ staff, it is crucial to comply with Single Touch Payroll (STP), which involves lodging payroll information with the ATO each payroll cycle.

  • Gross Payments: Report gross payments made to employees.
  • Paid Leave: Report paid leave, including parental leave and workers’ compensation.
  • Allowances: Manage allowances, including travel and laundry.
  • Overtime, Bonuses, and Commissions: Ensure accurate compilation of additional payments.
  • Directors’ Fees and Salary Sacrifice: Comply with requirements for directors’ fees and salary sacrifice arrangements.

Save time and be compliant with cloud payroll software like XERO. These systems manage STP compliance, superannuation, and employee portals. The cloud software will manage the following:

  • STP and ATO Compliance: Ensure all payroll information is accurately reported to the ATO.
  • Superannuation and Payments: Automate superannuation and payments.
  • Employee Portal: Provide employees with access to their payroll information.
  • Rostering and Wage Overviews: Manage employee scheduling and wage information efficiently.

With over 200 tax saving strategies our aim is to ensure that you don’t pay no tax rather have effective tax planning strategies in place so you don’t pay not a cent more than required!

02

ASIC and ACNC Reporting Compliance

A company is viewed as a separate legal entity, which is great for asset protection but, unfortunately, comes with a significant amount of required extra reports to the ASIC. We help with:

  • ASIC Lodgment Requirements: Fulfill all ASIC lodgment requirements.
  • Annual Reviews: Complete annual reviews and maintain company standing.
  • Director Meeting Minutes: Prepare and file director meeting minutes.
  • Company Share Changes: Manage changes in company shares.
  • Company De-registrations: Process company de-registrations efficiently.

Australian Charities and Not-for-profits Commission (ACNC) Reporting

 

You must submit annual reports to the ACNC to maintain a registration if you operate as a nonprofit organisation or charity. We ensure your compliance with ACNC standards.

Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI) Reporting

 

Corporations under the CATSI Act must prepare financial reports in compliance with accounting standards. We help ensure your reports meet all regulatory requirements.

Investing in proactive tax accounting services ensures your business meets ATO obligations efficiently. Our strategies help you avoid penalties and focus on future growth.

  • ATO Red Zone Compliance: Tailored strategies to keep the ATO off your back.
  • Real-Time Financial Access: Cloud-based systems provide 24/7 access to your financial data.
  • Focus on Growth: Timely financial information enables tailored decision-making.
  • Efficiency and Savings: Automate bookkeeping processes to save time and money.

Starting your business at home is a great way to keep overhead low, plus you’ll qualify for some unique tax breaks. You can deduct the portion of your home that’s used for business, as well as your home internet, cell phone, and transportation to and from work sites and for business errands.

Why Invest In Our Proactive Tax Accounting

Investing with a proactive tax accountant ensures you meet all your ATO obligations efficiently and avoids your business from facing any unwanted penalties and closure. Below are the reasons why you want to invest with our tax accountants:

Keep the ATO off your back with our compliance strategies tailored for you.  We guarantee you that you will never get a negative ATO call for not complying with your obligations.

We use cloud based reporting systems, which you have 24/7 access to your entire business database, enabling you to analyse your business numbers at any point in time you want.

Having real time access to financial information enables you to make tailored financial decisions early to focus on growing your business to the next level via numerous strategies.

Eliminate paperwork and shoebox receipts through our cloud based systems enabling you to automate book-keeping processes and give you extra time to ensure growth within your business.

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.