Income Tax Filing & GST Statements
Income Tax Returns
We quickly and efficiently file your income tax returns, making the process simple and stress-free.
All Australians earning above the tax-free threshold must file an income tax return annually. With our expertise, we offer accurate tax planning and lodgement guidance to ensure compliance.
Our approach includes:
- Thorough analysis of your financial situation.
- Detailed reviewing to identify tax-efficient opportunities.
- Preparing your income tax return securely.
We will Maximise your Tax Refunds
MAXIMUM REFUND GUARANTEE WITH KPG TAXATION EXPERTS
GST & BAS Statements
We assist businesses in filing and submitting GST and BAS statements.
A Goods and Services Tax (GST) is a value-added tax applied to goods and services produced or imported in Australia.
Businesses must register for GST if:
- They operate as a profitable entity.
- Their annual turnover exceeds the GST threshold.
- They meet the specified GST turnover requirements.
A Business Activity Statement (BAS) is a monthly or quarterly report submitted by businesses to the Australian Taxation Office (ATO) that details taxes owed. It must be filed before the due date to avoid penalties.
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TFN and ABN Registration
For all your TFN and ABN registration needs in Dandenong, Derrimut, Craigieburn, Geelong, Pakenham, Deer Park, Hampton Park, and Hobart, trust Parampreet Singh Rajput and his team at KPG Taxation to provide expert assistance and guidance.
To comply with tax and business regulations, it’s essential to register your business. Knowing which registrations apply is crucial. For small businesses in Australia, two key registrations are the Tax File Number (TFN) and the Australian Business Number (ABN). Both are necessary to file taxes and meet regulatory requirements.
What is a TFN?
A Tax File Number (TFN) is a unique nine-digit number issued by the Australian Taxation Office (ATO) to businesses for tax-related purposes. If you’re a sole trader, your TFN is used for both personal and business dealings with the ATO. However, if your business operates as a partnership or trust, you’ll receive a separate TFN for the business entity.
What is an ABN?
An Australian Business Number (ABN) is a unique 11-digit number that businesses use to interact with the government at various levels.
The ABN serves several important functions, including:
- Confirming your business identity when ordering or invoicing.
- Avoiding Pay As You Go (PAYG) tax on payments you receive.
- Operating in the Goods and Services Tax (GST) system, such as claiming GST credits.
It is essential for managing taxation and government interactions efficiently.