Debbie King has over 20 years experience in the financial industry with the past ten years specialising in tax, accounting and business structures. Echo Tax & Accounting provides a prompt efficient service for all of your tax and accounting needs. Our services include tax returns, BAS, business setup, bookkeeping and advice on ATO requirements.
Entities we deal with are individuals, sole trader, partnership, company, trust and self managed super funds. To assist our clients cashflow, we offer a fee from refund option. You will find our fees are very competitive as we are able to pass on 'home office' savings to our clients. The first half hour of advice given at your initial consultation is complimentary!
Entities we deal with are individuals, sole trader, partnership, company, trust and self managed super funds. To assist our clients cashflow, we offer a fee from refund option. You will find our fees are very competitive as we are able to pass on 'home office' savings to our clients. The first half hour of advice given at your initial consultation is complimentary!
Services
As a sole trader, the last thing you should have to worry about is your tax. You should be free to focus on your business growth. Whether you are an artist, bricklayer, carpenter, doctor, electrician, graphics designer, landscaper, musician, painter, plumber, tiler or writer, your role is to focus on what you are good at, not spending your valuable time struggling to keep up with your tax obligations.
Is your annual business turnover $75,000 or more? If yes, then you MUST register for GST. Is your annual turnover under $75,000? If so, you are not required to register for GST, however if you find yourself spending a significant amount on equipment and materials, registering for GST may help your cashflow.
Depending on the turnover of your business and wages paid to employees, activity statements may be lodged monthly, quarterly or annually. Generally for a small business with a number of employees, wages are reported and paid monthly, and GST is reported and paid quarterly.
The lodgement and payment deadlines for activity statements are 28 days following the end of the period, except for the December quarter where additional time is given for lodgement and payment.There are late lodgement penalties of $210 each 28 days late up to a maximum of $1050 per form, and interest penalties for late payment.
The lodgement and payment deadlines for activity statements are 28 days following the end of the period, except for the December quarter where additional time is given for lodgement and payment.There are late lodgement penalties of $210 each 28 days late up to a maximum of $1050 per form, and interest penalties for late payment.
During the first year of business, the Autralian Tax Office does not require you to pay your income tax liability until after the end of the financial year. Once your first tax return is lodged including your business schedule, the Australian Tax Office will estimate your income tax liability for the next year based on information included in your tax return lodgement.
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