Some small business owners—particularly those who have only recently launched their first business ventures—tend to get a little bit uneasy when it comes to tax preparation time. Of course, it goes without saying that no one likes paying taxes. For newer and smaller businesses, the process can be especially stressful because tax payments can really cut into your profits and make it more difficult to keep growing your enterprise. If you have never prepared a small business tax return before, the process could end up being even more fraught with confusion and uncertainty.
Surprisingly, though, one of the biggest things that new business owners tend to be uneasy about is minimising their tax burden. We live in a world where everyone from politicians to celebrities to high-ranking CEOs get accused of tax avoidance. As a result, the topic of tax minimisation can be a point of hesitance or fear for some small business proprietors. ‘What if I get in trouble with the government?’ these entrepreneurs often think.
The Truth about Tax Minimisation
The truth is that there is nothing illegal about minimising your tax burden. Deductions, write-offs and tax breaks are completely legal if you make truthful claims and prepare all of the paperwork correctly. In fact, taking advantage of these items is just good business sense. After all, you started your business to make a profit—not to give all of your profits to the government because you were too afraid to take advantage of legal tax minimisation.
If you are worried about messing up the paperwork or making some other mistake with your small business tax return, Northcity Accountants can help. We are small business accountants serving the South Morang area. Our goal is to help our clients get the maximum refund on their tax returns while still staying on the right side of the law. By hiring an accountant for small business in South Morang, therefore, you can pay less in taxes while still enjoying the peace of mind that comes with doing things by the book.
While we are small business tax accountants in South Morang, there is nothing ‘small’ about the experience or expertise we bring to the table at Northcity Accountants. We have been operating in the South Morang area since 2008 and employ seven full-time accountants and four part-time accountants. All of our people are Certified Public Accountants and bring substantial small business knowledge to the table. Whether your tax return is incredibly basic or fairly complex, we can provide the guidance you need to cut your tax burden and stay legally compliant.
By using legal methods to minimise your tax burden, you can save money and accumulate wealth for your business at a much faster rate. In turn, these extra funds can help you to grow and evolve your business to where you want it to be. Don’t miss out on these opportunities just because you equate tax minimisation with tax avoidance: hire one of Northcity’s South Morang small business accountants today and let us help you learn the difference between these two concepts.
Suite 7, 545, McDonalds Road,
South Morang
VIC 3752
AUSTRALIA
Name: Northcity Accountants
Bank Name: Westpac Banking Corporation
BSB: 033 073
Acc No: 461482
P O Box 1030, Epping,
VIC 3076 Australia
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