Financial Statements & Business- Tax Return

Financial Statements & Business Tax Return

At Nimbus we can provide financial statements and business tax returns for sole traders, partnerships, trusts and company business structures.

We ensure that our business tax returns are expertly tailored to maximise your industry-specific obligations and deductions.

How we can help with your Business

We can help you with your business finances, including income tax returns, bookkeeping, preparing statements, managing your tax obligations, business performance reporting and strategy. We provide valuable financial and business growth advice, which is essential to maintaining a healthy business.

Business financial services we offer include;

  • Quarterly or monthly BAS, IAS and PAYG lodgements.
  • Annual GST return.
  • GST Reconciliation.
  • Business tax return amendment.
  • Non-lodgement advice.
  • Non-trading tax return.
  • Capital gains tax.
  • Bookkeeping.
  • Payroll and superannuation.
  • Cash flow management.
  • Benchmarking and KPI tracking.
  • Manage your tax liability correctly.

Streamline your Financial Processes

At Nimbus we can help partnerships, trusts or companies to ensure you meet all of your obligations and streamline your financial processes. Make sure you have the right business structure and you’re managing your finances correctly with our ongoing support, advice and help.

What you may be able to claim on your business tax returns;

  • Deduction for assets valued at less than $150,000
  • Companies pay a reduced corporate tax rate of 26%, while unincorporated businesses pay a 13% discount up to $1,000.
  • Simplified trading stock rules, including choosing not to do a stocktake if you estimate that your trading stock’s value has not changed by more than $5,000 over the year.
  • Immediate deductions for certain prepaid business expenses costing less than $1,000.
  • Immediate deductions for certain business start-up costs.
  • Exemption or reduction on capital gains tax from the sale of a business, based on ownership period and age.

Do you have any financial statements & business tax return questions?

Feel free to contact us. We look forward to touching base to discuss your financial statements & business tax returns.