TAXATION SERVICE

Income Tax:

Acuity Accountants & Advisors is a registered tax agent. Our accounting staff has many years of experience preparing all types of income tax returns. Taxation is an area that is constantly changing. It’s important to plan well and stay one step ahead of the changes. Our tax planning service means that prior to the end of the year we’ll review how your business is faring, which could be the difference between paying the optimal, legal amount of tax, or paying more than necessary.

Capital Gains Tax:

• Allow us to show you how, with careful planning and timing, you can minimize your capital gains tax.
• Asset Register: Where required we will maintain a register of all your assets to assist with the Capital Gains Tax implications upon disposal and to ensure compliance with the recordkeeping requirements of the law.
• Cost Base Calculations: We will establish the cost-base on acquisition and any Capital Gains Tax events during the life of your assets to enable the accurate calculation of any Capital Gains Tax upon disposal.
• Disposal Tax Schedules: Upon the disposal of assets we will prepare the schedules necessary for inclusion with your income tax return to accurately determine any capital gain or loss. These schedules may also be prepared in anticipation of disposal to determine any Capital Gains Tax implications and the various options that may be available to you to reduce this tax as much as possible.

Fringe Benefits Tax:

Compliance for FBT is also generally a nightmare for small business as it is a widely misunderstood tax. Allow us to assist in preparing your FBT returns to ensure you only pay what you have to.