Tax & Compliance

Tax planning Forsyths Accounting mackay accountants

Never underestimate experience. It’s what gives us the edge when we go in to bat for you.

We have thousands of clients and have been doing this tax compliance work with for over 70 years.

We train, upgrade and research constantly so that all our Accountants are up to speed on the latest developments.

When you went into business you were probably excited and looking forward to the challenge.

Then, you discovered how easy it is to get bogged down in red tape, bewildering tax rules, GST etc. and you spend a fair amount of your time on that instead of making sales.

There is just so much red tape to consider and keeping on top of latest tax rules and your obligations is part of our service to you.

For example, if you are a business with an annual turnover of $75,000 or more you are required to register for GST. You can voluntarily opt to be in the GST system while not earning $75,000 or more. Be aware however the ATO will work backwards and if it is found that you have gone over $75,000 turnover for preceding 12 months then you will be liable for GST on all of that income. If you have earned $76,000 and not collected GST you may have to pay the GST out of your pocket.

Read more about how we can help you with your tax compliance.

Tax planning GST ABN PAYG Withholding Trading names PAYG Instalments

Income tax FBT Super Guarantee Payroll tax Company specific SBE Concessions