Keep the right records
Understand tax requirements - Income tax, GST, PAYG & Capital gain tax
How to lodge & pay for tax - Merit Accounting is here to help you!
Business tax return (GST & Income Tax) will be easy & speedy with Merit Accounting
Fill the above business tax report form Merit Accounting confirm your information with accessing ATO system Client and registered tax agent share ATO information and your financial information Discuss incomes, expenses and tax - GST, Income Tax and others Merit Accounting will lodge your tax reports, That's it!
Sole trader
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Lodge an individual tax return.
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Include all your business income on your tax return using a separate business schedule.
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You don’t need to lodge a separate tax return for your business.
Partnership
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Your partnership has its own tax file number (TFN) but doesn't pay income tax on the profit it earns.
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Each partner reports their share of the partnership income in their own tax return.
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Your partnership must also lodge a separate partnership return under its own TFN.
Company
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A company is a separate legal entity.
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You must lodge a company tax return and pay tax on the company’s income.
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If you’re a director, you’ll still need to lodge your own personal return as well.
Trust
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A trust has its own TFN and must lodge a trust income tax return.
