KNS ACCOUTANT

Company Tax Returns

about_rectangle
contact us now
We make company tax returns & filing easy so that you can focus on your business.

What are Your Company's Income Tax Return Compliance Obligations?

about_rectangle

A company is a separate legal entity, meaning it generates business income separate from your personal income and can enter into contracts and own property in its own name rather than that of its owners. As such, this structure also has implications for income tax.

All companies operating in Australia must comply with the tax laws set out by the Australian Taxation Office (ATO). Obligations include having their company tax return lodged on time, remembering to pay tax on time; and maintaining accurate records. Failure to comply with these obligations can result in significant penalties, including fines and interest charges.

While the ATO provides a broad overview of the tax compliance requirements and when to pay income tax, it is important to seek professional advice from a registered tax agent to ensure that your company meets all of its obligations. A qualified accountant can help you navigate the intricacies of tax laws in Australia and ensure that your company tax return is compliant. 

Here at KNS accountants, we understand the complexities of tax law and can provide you with the expert guidance you need to ensure compliance. Our team can also help you maximise your tax deductions and minimise your tax liability. 

Whether you’re a small business or a medium-sized enterprise, we can tailor our company tax return packages to meet your specific needs. 

Contact us today to learn more about how we can help you keep the process of filing a company tax return simple.

Talk To Us Now

Benefit from Small Business Tax Deductions

about_rectangle

Every year, small business owners across Australia anxiously await tax time. For many, it’s a stressful period as they try to ensure they’ve correctly calculated their taxes, but there is some good news: you may be eligible to claim several deductions on your annual tax return. 

These deductions can help reduce the amount of tax you owe and, in some cases, may even result in tax credits, tax offsets or refunds. 

Common deductions that you can claim include expenses such as 

  • office supplies 
  • utilities, and 
  • professional development courses. 

 

So, if you’re a small business owner feeling overwhelmed by tax season, be sure to speak with your accountant about the deductions you may be eligible to claim.

At KNS accountants, we want to help you maximise your deductions sanctioned by the Australian Taxation Office so that you can keep more of your hard-earned business income. We’ll work with you to identify any deductions you may be eligible for and ensure the correct lodgement of your tax return. So if you’re looking for expert help with your Australian Taxation Office deductions, give us a call today.

Importance of Record Keeping

Any business owner in Australia knows that keeping accurate financial records is crucial for various reasons. First and foremost, keeping records of your business income and expenses is a legal requirement to comply with company income tax return laws. 

But accurate record-keeping is about more than just complying with the law; it’s also an important tool for tracking your financial performance and tax position over time. Good record-keeping can help you identify trends in your business finances, pinpoint areas where you may be overspending, and make more informed decisions about where to allocate your resources.

KNS Accountants offers a comprehensive record-keeping service that helps companies comply with their tax return obligations. Your registered tax agent will maintain a complete and accurate record of all financial transactions, including income, expenses, company assets, liabilities, and equity. 

Your tax agent can also prepare and file all required tax documents on behalf of our clients. Our services are customised to meet each client’s specific needs, and we work closely with them to ensure that their records are up-to-date and accurate. 

Our goal is to help our clients save time and money by reducing their tax liability and ensuring compliance with all applicable laws and regulations. 

Get in touch today to learn more about our record-keeping services and how they can assist with your ongoing tax returns.

contact us now

What Other Tax Compliance Responsibilities Do Companies Have?

about_rectangle

Beyond the income tax requirements, companies have a range of other tax compliance regulations they have to adhere to, such as: 

Goods and Services Tax (GST) 

After you’ve registered for an Australian business number (ABN) and GST, you’ll need to file your BAS once a quarter. 

PAYG Instalments

Withholding tax is a tax employers collect and pay to the Australian Taxation Office from their employees’ wages.

Payroll Tax 

Payroll tax refers to the tax levied on the total amount of wages paid by a business on a monthly basis. As opposed to PAYG instalments and GST, payroll tax is a state and territory tax.

Fringe Benefits Tax (FBT)

If you or your employees receive certain benefits, you may be liable for fringe benefits tax.

Not only will the KNS tax accounting team help you submit your income tax return, but we’ll help you navigate GST, PAYG, payroll tax, and FBT compliance. We are qualified, proficient and will work with you to ensure that your business meets all its obligations. Contact us today to learn more about our services or to request a free consultation.

Talk To Us Now

Why Choose KNS Accountants to Lodge Your Company Tax Return?

about_rectangle

At KNS Accountants, we appreciate that lodging your company tax return with the Australian Taxation Office can be a complex and time-consuming task. Especially when you’re lodging your own tax return. That’s why we offer a comprehensive tax lodgement service that helps make the process as smooth and stress-free as possible. 

Our experienced team will work with you to ensure that we include all the relevant information in your return, and we will also provide advice on how to maximise your tax refund. In addition, we offer a range of other accounting services that can help your business to stay on track and compliant with all the latest regulations, including: 


So, if you’re looking for a professional and reliable accountant to lodge your company tax return, choose KNS Accountants.

contact us now

Blacktown Branch

Suite 102, 69 Holbeche Rd Arndell Park NSW 2148

Accounting Made Simple.

Speak To Our Accountants, Business Advisors And Tax Agents Today!

At KNS, we pride ourselves on providing high-quality accounting, business advisory, and tax services to businesses of all sizes. 

Our experienced team of professionals can help you with your financial needs, from preparing financial statements and company tax returns to providing advice on business growth and expansion. 

We offer a free initial consultation to all new clients looking for help with their company tax return, so please don’t hesitate to contact us today to set up an appointment.

Phone

(02) 9625 2388

Email

info@knsaccountants.com.au

LUDDENHAM OFFICE

70 Campbell St Luddenham NSW 2745

BLACKTOWN OFFICE

Suite 102, 69 Holbeche Rd Arndell Park NSW 2148

ALBURY OFFICE

Level 1, 6/571 Dean Street Albury NSW 2640

Lets Have A Chat

We focus on relationships with our clients, being available to answer any business, accounting, or tax questions you have.
Get Started Now!
Logo_KNS (1)
Established in 2014, KNS Accountants & Business Advisors are a team of experienced and knowledgeable professionals ….
READ MORE

services

footerservices_rectangle

Links

footerservices_rectangle

Hours

footerservices_rectangle
  • Mon to Fri:
  • 9.00am - 5.00pm
  • Sat - Sun: Closed

Contact

footerservices_rectangle
  • Phone
  • Email
  • ALBURY OFFICE
  • Level 1, 6/571 Dean Street Albury NSW 2640
  • Arndell Park Office
  • Suite 102, 69 Holbeche Rd Arndell Park NSW 2148
  • LUDDENHAM OFFICE
  • 70 Campbell St Luddenham NSW 2745
Linkedin-in Facebook-f
  • Secure Payments
Payment_Icon_Group
Linkedin-in Facebook-f Instagram
  • Secure Payments
Payment_Icon_Group

Liability limited by a scheme approved under Professional Standards Legislation

kns-riya-photo

Riya Roshan UNDERGRADUATE

Riya is the newest addition to the KNS team and looks after bookkeeping and administration for us. She is currently completing her Bachelor of Professional Accounting degree from Macquarie University, and is aiming to pursue her career as a forensic accountant when she graduates.

She is also a certified Xero and Quickbooks advisor.

When Riya isn't studying or at work, you can find her binging on Netflix!

Simrani_Icon

Simrani Prasad UNDERGRADUATE

Simrani joined the KNS family in July 2020. She’s currently studying at Macquarie University and has aspirations to be a property tax specialist in the future!

With a passion for investing in property, shares and crypto, Simrani keeps up-to-date with the latest market trends. Simrani takes care of all bookkeeping, individual tax returns and is a certified Xero and Quickbooks advisor.

In her spare time, she loves organising events for the team like monthly drinks and weekends away

Abigail Adriano Accountant

Abigail is a dedicated Accountant with a flair for baking and a deep love for her family. As a mother of one, she understands the importance of balancing work and personal life. In her professional role, Abigail goes above and beyond to assist her clients with efficiency and a personal touch, making sure to always exceed expectations.

With a true passion for accounting, Abigail excels in her field, particularly in areas such as payroll, superannuation obligations, and tax returns for individuals and businesses of all sizes. Clients trust Abigail not only for her expertise but also for her warm and approachable nature, making them feel at ease when discussing their financial matters with her.

When she's not crunching numbers, Abigail enjoys spending quality time with her loved ones, baking delicious treats, and creating joyful memories with her family. Her dedication to both her professional and personal life is a testament to her strong work ethic and caring nature.

Raj Singh Accountant & Virtual Chief Financial Officer

As a seasoned professional providing top-tier accounting services and acting as a Chief Financial Officer for A-listed clients, Raj brings a unique blend of financial expertise and strategic leadership. With a relentless dedication to ensuring clients' financial success, He takes pride in keeping the financial affairs in pristine order while driving growth and profitability.

Beyond the boardroom, Raj's passion extends to the soccer and rugby fields, where he finds joy in the competitive spirit and teamwork these sports offer. Whether strategising business plans or game-winning plays, his love for both fields shine through his commitment to excellence.

In the kitchen, Raj finds solace in cooking up delicious meals for his loved ones, embodying caring nature through the act of nourishing and bringing people together. This same caring nature extends to his professional life, where he strives to keep the team cohesive and motivated, believing that a united team is the key to achieving remarkable results.

When Raj is not assisting clients or leading the team to success, you can find his cherishing quality time with his family. Balancing work and personal life are essential to him, and he find that reconnecting with his loved ones fuels to drive and passion for what he does.

Krishan Sharma Accountant & SMSF Auditor

Krishan Sharma is a dedicated SMSF Auditor, renowned for his expertise and professionalism in the field.

As the proud recipient of the prestigious Institute of Public Accountants 2022 Member of the year award (New South Wales), Krishan as consistently demonstrated his commitment to excellence in accounting and SMSF auditing.

A registered tax agent and a registered practitioner with Chartered Accountants Australia and New Zealand, Krishan possesses a wealth of knowledge and experience that sets him apart in the industry. His meticulous attention to detail and deep understanding of financial regulations have earned him the respect of his peers and clients alike.

Beyond his professional achievements, Krishan in his personal life finds fulfillment in giving back to his community through volunteering with religious groups. He cherishes quality time spent with his family and children, finding joy in creating lasting memories together.

Krishan Sharma is not just a skilled accountant and SMSF auditor, but also a compassionate individual who strives to make a positive impact both professionally and personally.