Business Tax Returns

Business tax returns

Are you worried about your business tax return obligations with the ATO? Karvis can guide you through tax time and prepare business tax returns for different business structures.

Our qualified staff understand a range of tax structures and can provide advice on minimizing tax payable by identifying eligible deductions that may otherwise be missed.

ATO compliance and annual reminders

Australian tax laws change regularly across industries including construction, medical, retail and professional services. Karvis keeps up with those changes and prepares returns in line with ATO rules.

We also remind clients about pending returns so late lodgement issues can be avoided.

Small business concessions

The original Karvis service page highlights concessions for businesses with turnover under $10 million, including simplified depreciation, small business pools and small business tax offsets.

Karvis can explain which concessions may apply and how they affect company tax, deductions and planning.

GST and deductions

Karvis offers GST support and can discuss annual packages for managing tax affairs and keeping your business compliant with ATO regulations.

• Business motor vehicle logs.
• Receipts for deductible expenses.
• Charitable donations.
• Interest and fees on investment loans.
• School building levies and library funds.
• Previous year tax return fees.
• Insurance details.
• Depreciation worksheets.

Record keeping obligations

• Details of directors, shareholders and secretaries.
• Changes to people authorised to act for the organisation.
• Dates of dissolution or reconstitution if applicable.
• Variations to business agreements.
• Books of account, minutes of business meetings and decision records.
• Beneficiary capital contribution, drawings and profit or loss records.