Company Tax Return, MAS Tax Accountants Mascot (Sydney).
Tax return is approaching for year 2014/15. If you are not doing your own tax return submission, don’t hesitate to speak to MAS Tax Accountants Mascot now about your Company Tax Return Mascot.
The key lodgement and payment dates of an income tax return for a small business can be found below as follows:
(a) 31 October for an individual, partnership or trust
(b) 28 February for a company (but if you didn’t lodge your prior year return on time, or any prior-year returns are outstanding, your return is due on 31 October)
Regrettably that most income derived from the business will need to be declared to ATO as it is subject to tax. To be fair to the small business owners that they can claim tax deductions for most of the costs incurred in running the business, except for expenses that are incurred for private or domestic expenses.
The rules for business income and deductions vary depending on your business structure, whether you hold and sell trading stock, and the nature of your income and expenses.
For an appointment, or a confidential discussion of your needs, please contact our Mascot company accounts today on 1300 627 829.
