Small Business Tax Accountant

Accounting & Tax

For Business owners in Australia who are behind on their ATO lodgements and bookkeeping, Oyster Hub helps you get back on track.

Do you need a second opinion on tax

Bookkeeping and accounts can be confusing. If you’re behind on ATO lodgements, struggling with bookkeeping, or simply feeling overwhelmed, talking to an Oyster Hub accountant can be a game-changer. Here’s how to know you need our rescue:

Discover how Oyster hub’s vision is shaping the future of small business success.

Tailored Services for your business

Business owner faces a range of challenges, from staffing shortages to ATO demands. Our services are crafted to address these challenges head-on.

Automated transaction processing
Bank reconciliations
Accounts management

Multi-state payroll tax
Threshold monitoring
Annual reconciliations

Personal tax preparation
Investment property advice
Capital gains optimization

Family trust distributions
Partnership allocations
Unit trust compliance

GST compliance
Quarterly BAS lodgment
Input tax credit optimization

Corporate tax preparation
Franking credit optimization
Loss carry-forward strategies

Monthly financial statements
KPI dashboards
Budget variance analysis

Year-end tax strategies
Structure reviews
Succession planning

Rescue Tax Accounting Services: Emergency Help for Business Owners

At every stage of your business & personal journey, we focus on finding your pearl so you can enjoy doing things you love the most

Directors Penalty Notice

Protect yourself from personal liability when your company faces ATO debt challenges.

Tax Debt Negotiation

Secure significant debt reductions through expert ATO negotiations

Second Opinion on Tax

Get independent expert analysis to ensure you’re making the right tax decisions

Business Growth Advisory

Transform your financial challenges into strategic opportunities

Rescue Due Diligence

Comprehensive 48-hour assessment to identify viable rescue pathways for distressed businesses.

Explore your Rescue Tax Solutions with a free discovery call

Supporting Australia’s Thriving Business Community

“We don’t just understand accounting – we understand YOUR industry’s unique challenges, regulations, and opportunities.”

Why Choose Oyster Hub

Frequently Asked Questions

1. What is rescue tax accounting and how can it help my business?

Rescue tax accounting is our specialized service for businesses that are behind on ATO lodgments, have overdue tax returns, or are facing compliance issues. We systematically catch up your backlog, negotiate with the ATO on your behalf, and get your business back on track with current obligations.

Our rescue process includes immediate compliance assessment, priority lodgment scheduling, penalty remission applications, and ongoing support to prevent future issues. We’ve helped hundreds of Australian businesses clear years of overdue paperwork, often saving them thousands in penalties through strategic ATO negotiations.

2. How long does it take to catch up on overdue BAS and tax returns?

Most catch-up accounting projects are completed within 4-6 weeks, depending on the complexity and number of years involved. We prioritise the most urgent ATO requirements first, often getting immediate penalty relief while working through your backlog.

For businesses 2-3 years behind, we typically see compliance restored within 30 days. More complex cases involving 4-5 years of overdue lodgments may take 6-8 weeks, but we provide weekly progress updates and immediate ATO communication relief from day one.

3. Can you help with Director Penalty Notices (DPNs) and what are my options?

Yes, Director Penalty Notices require immediate action – you have just 21 days to respond or face personal liability for company debts. Our DPN response service includes emergency compliance lodgments, penalty remission applications, payment plan negotiations, and director liability protection strategies.

Your options include paying the outstanding amount, entering an ATO payment arrangement, lodging overdue returns to stop the penalty, appointing a voluntary administrator, or winding up the company. We’ll assess your situation and recommend the best path forward, often preventing personal director liability through strategic compliance actions.

4. What's included in your bookkeeping and data entry services?

Our bookkeeping services include daily transaction recording, bank reconciliations, accounts payable and receivable management, payroll processing, GST calculations, and monthly financial reporting. We work with all major accounting software including Xero, MYOB, and QuickBooks.

All services are cloud-based with real-time access to your financial data. You’ll receive monthly management reports, cash flow statements, and profit & loss summaries. Our team handles everything from receipt processing to supplier payments, giving you complete financial visibility and control.

5. How do you handle payroll tax management for multi-state businesses?

We manage payroll tax compliance across all Australian states and territories, handling registrations, monthly returns, annual reconciliations, and audit support. Each state has different thresholds and rates – we ensure you’re compliant everywhere you operate.

Our payroll tax services include threshold monitoring, interstate grouping assessments, contractor vs employee determinations, and exemption applications where applicable. We also handle payroll tax audits and disputes, often achieving significant reductions through proper classification and exemption strategies.

6. What's the difference between individual tax returns and company tax returns?

Individual tax returns report personal income, deductions, and tax obligations for sole traders and employees. Company tax returns report business income, expenses, and tax obligations for incorporated entities, with different rates and deduction rules.

We prepare both types, ensuring optimal tax outcomes through strategic planning. Individual returns focus on maximizing deductions like work-related expenses, investment properties, and self-education. Company returns involve complex areas like franking credits, Division 7A loans, and small business concessions that can significantly reduce tax obligations.

7. Do you provide GST and BAS services for businesses of all sizes?

Absolutely. We handle GST registration, monthly or quarterly BAS preparation, annual GST reconciliations, and GST audit support for businesses from startups to multi-million dollar enterprises. Our team understands complex GST scenarios including mixed supplies, input tax credits, and export/import transactions.

We also provide GST health checks to identify potential refund opportunities and ensure compliance. Many clients discover significant GST refunds through our detailed review process, particularly in construction, export, and capital asset purchases.

8. What does your tax planning and advisory service include?

Our tax planning goes beyond compliance to minimise your tax obligations legally and strategically. Services include business structure optimisation, timing strategies for income and expenses, superannuation planning, capital gains tax minimisation, and succession planning.

We provide proactive advice throughout the year, not just at tax time. This includes quarterly tax projections, cash flow planning for tax obligations, and strategic business decisions that impact your tax position. Our clients typically save 15-30% on their annual tax through proper planning.

9. Can you help negotiate payment plans with the ATO for tax debt?

Yes, we’re specialists in ATO debt negotiation and have successfully negotiated over $10 million in debt reductions and payment plans. Our approach includes immediate penalty remission applications, realistic payment plan proposals, and ongoing compliance to prevent future debt accumulation.

We achieve an average 70-85% debt reduction through strategic negotiations, voluntary disclosures, and penalty remissions. The key is acting quickly and having experienced representation who understands ATO processes and has established relationships with ATO officers.

10. What management reporting do you provide and how often?

We provide comprehensive monthly management reports including profit & loss statements, balance sheets, cash flow analysis, budget vs actual comparisons, and key performance indicators relevant to your industry. Reports are delivered within 10 business days of month-end.

Our reporting includes trend analysis, variance explanations, and actionable insights to improve business performance. We also provide quarterly business reviews and annual strategic planning sessions to help you make informed decisions about growth, investment, and operational improvements.

11. Do you offer emergency help for businesses facing ATO action?

Yes, we provide emergency accounting services for businesses facing immediate ATO action including garnishee notices, director penalty notices, and compliance audits. Our emergency response includes same-day assessment, immediate ATO communication, and strategic action plans.

We can often stop ATO enforcement action within 24-48 hours through proper lodgments, payment arrangements, or legal objections. Our emergency service has saved countless businesses from closure and directors from personal liability through rapid, strategic intervention.

12. What industries do you specialise in for accounting and tax services?

We specialise in NDIS providers and aged care, construction and trades, hospitality and restaurants, plus charities and Aboriginal corporations. Each industry has unique compliance requirements, tax considerations, and business challenges that we understand intimately.

For NDIS providers, we handle participant billing and SCHADS compliance. Construction clients benefit from progress billing and subcontractor management expertise. Hospitality businesses get specialised support with cash handling and seasonal variations. Our industry specialisation means faster, more accurate service with relevant strategic advice.

Awards In Recognition & Media

At Oyster Hub, our team and co-founders are driven by a shared mission: to be partners in the life journey of small business owners , helping them find their pearl. Our team have won awards and been featured in various industry publications and news media for being an impact-based accounting firm.