It is mandatory to lodge a return even in the absence of tax liability. And, of course, you want to lodge the tax return if you have a refund!
Whether you are a sole trader or business entity, income tax is levied based on the net taxable income. Income tax is calculated by deducing certain allowed deductions from your eligible income. It can be time-consuming and confusing to understand how to calculate your income tax precisely.
On the other hand, your small business may be eligible for multiple tax concessions as well if you meet certain criteria.
We assist in the following matters:
As well as returns for other taxes: