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Annual Company Tax Returns

Our team of Chartered Accountants can assist you with preparation and lodgement of your Annual Company Tax Returns

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What are Australia’s Company Tax Rates?

For the financial year 2019-20, company tax rates are 27.5% for base rate entities and all other company entities are 30% Note: these rates are not applicable for insurance companies, pooled development funds, credit unions and not-for-profit entities  

 

What are Base Entities?

In 2017, the Australian Government introduced a lower company tax rate of 27.5% for certain companies known as base rate entities. Base rate entities are companies that both: 1. Have an aggregated turnover that is less than the aggregated turnover threshold – this is currently $50 million until at least FY 2021-22 2. 80% or less of the business’ assessable income is base rate entity passive income  

 

What is Base Rate Entity Passive Income?

Corporate distributions and franking credits on these distributions Royalties and rent Interest income Gains on qualifying securities A net capital gain Assessable income of a partner in a partnership or a beneficiary of a trust, to the extent it is traceable (directly or indirectly) to an amount that is otherwise base rate entity passive income

Why Box Advisory Services?

We are specialists in small businesses with 15+ years of experience. We take care of your Tax and Accounting needs

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We save you time

We understand you’re time poor. Let us do the heavy lifting!

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Honest and transparent advice

We avoid the mistakes of your ex-accountants, protecting your assets and minimising tax

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Single point of contact

I know, we hate repeating ourselves too. Unlimited telephone and email support

Industry Accreditations

Box Advisory Services is a proud member of the following accreditations

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“We first engaged Box AS for advice on the business acquisition and liaising with financiers, solicitors and the vendor. The team at Box AS is highly professional, knowledgeable, committed and hard-working. We were really happy with the initial service that we decided to continue our engagement with a month to month accounting service.”

Linda – Director at Tattoo Removal Institute Australia

Not sure what you need help with? 

Our clients enjoy the following…

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Free one-on-one initial consultation

Let us get to know you better

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Chartered Accountants

All our Client Managers are all fully qualified

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No hidden costs and exit fees

No surprises when you get the bill

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Fixed fees

Forget about being charged by the minute for advice

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Experts in small businesses

We only deal with SMEs

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Cloud-based and digital technology

Gone are the days of endless paper

A few industries we help…

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Hospitality

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Retail

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Health
and Fitness

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eCommerce
Business

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Property Development

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Guaranteed peace of mind

At Box Advisory Services, we understand that providing a service that delivers peace of mind is important when considering an end-to-end accounting solution for your business. With a fixed subscription fee and no hidden costs, our dedicated team of Chartered Accountants will ensure that we look after all your accounting needs so that you can focus on continuing to grow your own business.

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