Business Tax & Financials

 We, as experienced tax professionals, ensure that your tax returns are filed accurately and on time, giving you peace of mind and freeing you to focus on running your business. We stay up-to-date with the latest tax laws and ATO regulations to make sure you're taking full advantage of all available deductions and offsets. Whether it's claiming business-related expenses, managing GST obligations, or understanding your personal liability, we provide tailored advice that reflects your unique position. Our proactive approach means we don’t just lodge your return—we help you plan ahead, minimise tax, and stay compliant year-round 

We prepare clear and accurate financial statements that give you a complete picture of your business performance. Our reports include Profit & Loss Statements and Balance Sheets, helping you track income, expenses, assets, and liabilities with confidence.

Whether you need financial statements for business planning, loan applications, or compliance, we ensure they are prepared in line with Australian accounting standards and tailored to your needs. 

 Managing company tax obligations can be complex, but at AMDA Accounting, we make it simple and stress-free. Our goal is to help you minimise tax liability, stay compliant, and plan for growth. We also provide proactive tax planning strategies, franking account management, and advice on the most tax-efficient ways to operate your business. 

 We also assist with Division 7A, ensuring any loans or payments to shareholders or their associates are structured correctly to avoid unintended tax consequences. 

 We specialise in managing tax obligations for all types of trusts, including discretionary trusts, unit trusts, and family trusts. Our services cover trust tax return preparation, compliance with ATO regulations, and strategic advice to ensure your trust operates efficiently and tax-effectively. We also assist with trust distributions, beneficiary reporting, family trust election and planning strategies to protect assets and minimise tax.

 Unlike companies, partnerships are not separate taxable entities—profits and losses are distributed to partners and taxed at their individual rates. This makes accurate allocation of income, expenses, and deductions essential. At AMDA Accounting, we assist with partnership tax return preparation and lodgment, ensure profit-sharing calculations align with your partnership agreement, and provide partner distribution statements for individual tax returns. Our goal is to keep your partnership compliant and your tax obligations stress-free. 

 As a sole trader, your tax obligations are uniquely streamlined compared to other business structures like companies or partnerships. You and your business are legally the same entity, which means all income earned is taxed as part of your personal income—eliminating the need for separate business tax returns. This simplicity offers flexibility and lower compliance costs, but it also means you're personally liable for any business debts. Our expert sole trader tax services are designed to help you navigate these responsibilities efficiently, ensuring accurate reporting, maximising deductions, and keeping you compliant with ATO requirements—so you can focus on growing your business with confidence.