Tax Accountants Townsville | Trekk Advisory ">

Tax Accountants Townsville

At Trekk Advisory Townsville our team of dedicated tax accountants will ensure you make the most of your business’ tax opportunities each year. 

We are a certified BAS agent and have expertise across a range of areas including small business tax, SMSFs, and bookkeeping.

Get in touch with us at Trekk Advisory Townsville at (07) 4773 7555

Trekk Advisory tax accountants in a meeting

Business Accountants For All Your Tax & Compliance Needs

We’ll ensure you have peace of mind knowing that your obligations are in the hands of skilled professionals. As leaders in taxation services, we’re always looking out for new strategies and tax breaks that set our clients up for success. 

Don’t wait until the end of the financial year to start thinking about your return. Engage our team to put in place effective tax planning that gives your business the foundation for growth. 

Kate Cameron and Troy Furness - Tax & Business Advisors

Our Tax Services

Our team of expert accountants in Townsville are experienced in taxation and compliance needs for a wide range of business structures including sole traders, partnerships, LLCs and companies.

When it comes to running a business, your taxes can be challenging. Meeting your obligations, as well as recognising opportunities, can often feel like a full-time job on its own.

At Trekk Advisory Townsville, we take the weight off your shoulders. We help you navigate your tax compliance and take a proactive approach to minimising your business tax liabilities. 

From instant business asset write-offs to claiming on depreciating assets, we help put strategies in place to ensure you’re making the most of your tax return for years to come. 

We can help with:

  • Business tax returns
  • Income tax returns
  • Financial statements
  • Business Activity Statements
  • Payroll tax
  • Business structure advice
  • Tax planning
Eryan Haddon talking to small business owners about tax

Why do small businesses need a tax accountant?

 

Working with a fantastic range of small businesses across the region, we often get to see amazing business owners wearing many hats. From sales and marketing to admin, there’s a lot or responsibilities to juggle. Not to mention the time, money and stress that comes with doing your returns each year.

 With a dedicated team to handle all things tax, you’ll be able to focus on everything that makes your business great. 

You can rest assured that our professional team is on top of changing tax codes and new opportunities to take advantage of.

Especially in the years following 2020, there are plenty of areas where we can help.

Important Tax Updates

Here's just a small list of some new regulations which could be impacting your business and how we can help your business.


Deferral of tax


Due to unforeseen circumstances relating to COVID-19, businesses can apply for a payment-only deferral to provide financial relief. This will be done with amounts through the business activity statements, income tax, fringe benefits tax, and other duties.


GST reporting from Quarterly to Monthly


Any small business, which is a business with an annual turnover of less than $20 million, and operating on a quarterly reporting cycle, can elect for a monthly reporting cycle for GST. This will allow businesses to access GST more efficiently, which will allow better cash flow.


PAYG adjustments


Pay as You Go (PAYG) instalments will now be allowed to be varied.

Refunds will also be available regarding any instalment payments made for the September 2019 and December 2019 quarters.


Remission of interest and penalties


Penalties or interest that have been incurred in respect of tax liabilities from 23 January 2020 onwards will be remitted.


Payroll tax


There are different rules and regulations in Australia's various states, so it's good to check with your tax advisor on what works for your business jurisdiction. New South Wales, Queensland, Tasmania, and Western Australia have all introduced differing measures to defer, waive, or reduce businesses' liability to payroll tax.

Glenn Smith - accountant specialising in business taxation

Tax Planning For New Businesses

When starting a new venture, tax is often the last thing business owners think about. But it can be a great way to find out exactly how your business has been performing.

Our advisors will help you understand exactly what to expect when tax time comes around so there are no surprises. We’ll also provide you with clear, actionable guidance to set yourself up for the new financial year. 


Trekk Advisory Townsville staff

Talk To Us Today About Your Tax Planning

While the world may be in uncertain times globally, there's no need to feel uncertain about your tax and business planning.

At Trekk Advisory we know taxes.  Preparation is key, so we schedule annual compliance work based on what works for you. We'll give you a clear plan and let you know exactly what's required, what to expect and when. 

Post lodgement, we can also catch up with you to run through the numbers We'll explain where your cash flow was invested, how you went against Key Performance Indicators (KPIs) and industry benchmarks, and give you ideas for areas of improvement.

For the best advice, book a consultation with one of our team members so we can help you build a stronger and more focused business today!

Contact us online or call us on (07) 4773 7555.