Box Advisory Services
Annual Financial Statement Preparation Services
Our team of small business tax accountants can assist you with your annual financial statement preparation
Awards & recognitions
Why Financial Statements are Important
Financial statements can provide wide-ranging benefits for business owners to determine the performance and health of a business.
- Profit and loss statements can provide identify your business financial performance
- Balance sheets offer a snapshot of your business assets and liabilities at a specific point in time
Financial statement preparation is important for your business to determine if the business can pay its debts when they are due (solvency).
Who Needs Financial Statements?
Financial statement preparation without any prior experience can be stressful, inaccurate and ultimately waste a lot of precious time that can instead be dedicated to focusing on your business.
Not only can we prepare your financial statements, using the insights, but we can also advise you on:
- Your business direction and health
- Address business shortcomings
- Potential future growth
Frequently Asked Questions
You can either lodge your company tax return directly with the ATO or with a registered tax accountant. Registered tax agents and BAS agents are authorised by the Tax Practitioners Board to prepare and lodge tax returns on behalf of their clients.
Using a tax professional can help ensure your company tax return is accurately prepared and lodged on time. Tax agents have a thorough understanding of tax planning and can advise on how to maximise your return.
If you are submitting your company tax return directly to the ATO without any prior year returns overdue, then the due date for all 30 June balancing companies is 28 February or 15 May the following year. However, it is important to note that failure to lodge on time can result in penalties from the ATO.
If you have prior year returns overdue, then the due date will be 31 October of the same year. The ATO requires company tax returns to be lodged in a timely manner and will impose late lodgement penalties if deadlines are not met.
Lodgements with registered tax agents with good on-time lodgement track records are offered later company tax return lodgement dates than the initial deadline. Using a professional tax agent can provide more time to prepare your company tax return accurately.
Box Advisory Services are registered tax accountants (Registration: 25452828) with over 13 years of company tax return experience.
Our expert team stays up to date on the latest tax laws and ATO requirements, ensuring your company tax return is prepared correctly and on time.
We offer our clients a special lodgement program arranged with the ATO that affords a later company tax return due date. This provides extra time to gather information and review your company tax return while avoiding late lodgement penalties.
With decades of combined experience, our tax accountants can uncover tax deductions and strategies to minimise your tax liability within the law. We provide personalised tax planning and advice tailored to your unique business situation.