Small Business Tax Compliance Melbourne

Highly qualified tax accountants who specialise in tax compliance services for small businesses in Melbourne.

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Melbourne Accountants & Mortgage Brokers | Elephant Advisory
services - tax compliance

Are you looking for small business tax advice in Melbourne?

Tax & compliance is an important part of running a business, whether you're a multinational corporation, small business or a sole trader. However, navigating the ATO and compliance laws by yourself is time consuming and can have expensive penalties when you get it wrong. At Elephant Advisory, we want to make business ownership simpler. We are specialists in small business taxes, meaning we will not only make sure that your business is run lawfully, we’ll identify areas where you can save money on tax.

We offer chartered accounting for annual tax returns, business activity statements, payroll and superannuation obligations, annual reviews and will assist with FBT liabilities and compliance. Let our business accountants take the burden of tax & compliance off your plate so you can focus your time on growing your business.

For a free consultation, give us a call or come in for a chat at our Mount Waverley, Port Melbourne or Chadstone offices.

Tax Returns

We get that tax time can be stressful, so we’ve made completing your tax return as painless as possible. As small business tax experts, we’ll make sure your business remains compliant within all ATO requirements, saving you time and headaches. We’ll complete your annual sole trader tax returns, company tax returns, trust tax returns and SMSF tax returns.

BAS and IAS Lodgements

If you run a business and are registered for GST, we can assist with reviewing and preparing your Business Activity Statement. We can help lodge your Business Activity Statements monthly, quarterly or annually, ensuring that your business transactions are recorded accurately and on time.

Payroll Compliance

Keeping on top of its payroll obligations is an important part of running a small business. We’ll help maintain compliance with your payroll and STP systems, including payroll tax and your superannuation obligations for employees.

ASIC Annual Review Compliance

We’ll ensure you are paying your annual company review fees, your company data is being kept up to date, and that you have appropriately passed and stored a solvency resolution.

FBT Returns

The Fringe Benefits Tax is separate from income tax and is calculated on the taxable value of the fringe benefit. We’ll advise you on the best record-keeping practices and help implement strategies to minimise your FBT liability.

Business Advisory Oz speaks with a client at a table

Expert Tax Compliance Services

Our Melbourne accountants offer expert tax compliance services to help you navigate the complexities of tax regulations and ensure that your business stays compliant with all relevant laws and regulations.

Our team of experienced tax accountants offer services tailored to meet the needs of your business, minimise your tax liability and maximise your deductions.

Our goal is to ensure that your business thrives, which is why we offer seamless and hassle-free tax compliance services that will help make your business more profitable.

we are here to help

Meet our Tax Compliance Team

Sam Draper and Oz Karabadjak are two highly-skilled accounting professionals with extensive experience growing small businesses in Melbourne. As CPA and Chartered Accountants, the pair had been on their own small business journey for two years before merging with Elephant Advisory in 2021.

Today, Sam and Oz have built long-lasting relationships with each client through genuine care for their work. If there’s one thing these Melbourne small business accountants love more than crunching numbers, it’s watching a client achieve their business goals.

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Tax & Compliance FAQs

Packages are tailored to your individual business needs. If required, we offer a free initial consultation to determine these needs and provide accurate pricing guidelines.

Businesses with an annual turnover of $75,000 or more are required to register for GST. If your business has an annual turnover below this threshold, you are able to but not required to register for GST. You will only be required to charge your customers GST if you are registered.

Single Touch Payroll is an Australian Government initiative to reduce the burden on employers when reporting to government agencies. With STP, you report employees' payroll information to us each time you pay them through STP-enabled software. We are able to assist you with registration for Single Touch Payroll if you require.

An annual review is a yearly assessment to ensure that ASIC is up to date with your company’s current details and its ability to pay its debts. Your company's annual review usually takes place on the same date that your company was registered.

FBT is a tax that employers pay on benefits paid to an employee (or their associate, such as a family member) in addition to their salary or wages. FBT is calculated on the taxable value of the benefits you provide. This is separate to income tax.

frequently asked questions

Related resources

July 19, 2023
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Five Common Business Tax Mistakes To Avoid

Many business owners fall into the same tax traps, leading to unnecessary costs during the critical early stages of your business journey. In this article, we’ve outlined five of the most common types of tax mistakes that small business owners make and the steps you can take to avoid them.

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Four Tax Deductions Every Property Investor Should Know About

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Melbourne Accountants & Mortgage Brokers | Elephant Advisory