Annual Financial Statement Preparation Services

Our team of small business tax accountants can assist you with your annual financial statement preparation

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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 statements are normally prepared for specific stakeholders of the business such as directors, banks, Australian Taxation Office, industry associations, finance companies and insurance companies.

Why Choose Accountants to Prepare 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

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Who Can Lodge Company Tax Returns?

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.

When are Company Tax Returns Due?

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.

Why Have Us Lodge Your Company Tax Return?

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.

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Awards & Accreditations

Box Advisory Services' small business accountants are proudly recognised by the following accreditations and awards

“Box AS has been outstanding to work with and has been instrumental in our business growth in the last 3 years. We have worked with other accountants and advisers in the past that will complete our accounting work but no more and do not understand our business and industry. Box AS, on the other hand, understand our goals and map out strategies for growth. They go above and beyond and come up with key issues we would never have known about.”

Hong – General Manager at Fitness Republic Group

“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

“Davie and his team has helped our startup get off the ground, it has brought peace of mind knowing that the accounting side of our business can be taken care of while we can focus on our business. Being able to have him and the team contactable to ask questions about accounting best practices or other accounting related questions has allowed us to focus on providing value to our own customers.”

Rob – Director at TwoSpace