Taxation Advisors

At Thorntons Business Advisors we offer a full range of taxation services. Our tax consulting service division is nationally recognised and we offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver consistent service and build solid relationships that stand the test of time. Our team are located in Perth but service Australia wide.

Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives. We provide a complete service of assistance and advice including (but not limited to):

  • Preparation of annual income tax returns
  • Advice on Goods & Services Tax (GST)
  • Assistance with the preparation of Business Activity Statements (BAS)
  • Advice on Fringe Benefits Tax (FBT) obligations and assistance in preparation of annual FBT returns where necessary
  • Advice on, and implementation of, tax effective trust structures for asset protection and tax minimisation
  • Managing Australian Tax Office (ATO) audits or disputes
  • Liaison with the Department of Finance WA with regards to Payroll Tax and Duties

Tax Planning & Management

Taxation management is a fundamental aspect of every business, and keeping up to date and meeting compliance requirements in this increasing complex area requires a business advisor who understands the legal requirements as well as the needs of your business.

Our commitment to continuing professional education means we keep up to date in the complex area of taxation so that we can provide sound advice and solutions for our clients.

We believe that appropriate periodic reviews of your tax situation offer you an opportunity to take a step back and consider the past year and planning for the next. As in every aspect of our work, we always aim to go beyond compliance, to provide a complete service to our clients.

Goods & Services Tax (GST) Consulting & Compliance

The GST system is a complex and confusing one. All consultants at Thorntons Business Advisors keep up to date with industry trends and legislative changes to the tax system. Our experienced team offers professional and practical advice regarding GST implications for your business. 

Every transaction now has an associated GST issue. We are experienced in these issues and can offer advice. We provide a range of client-specific services including specialised advice to help clients understand the complexities of the GST.

These services include:

  • Special treatment of GST for Developers, in particular the use of the Margin Scheme
  • Systems reviews
  • Practical and clear recommendations to resolve specific GST issues
  • Private Ruling Requests from the ATO to confirm GST treatment
  • Advice on registering for GST
  • Filing and adjusting GST returns
  • ATO audit assistance

Capital Gains Tax

As nearly every asset is subject to capital gains tax, we recommend seeking advice before purchasing or selling an asset. We provide advice to minimise your Capital Gains Tax liability. Your capital gains tax is not a seperate tax as such, it is included in your income tax. Our team can help you assess your capital gains or losses, and identify whether you need to set aside funds to pay tax you may owe at the end of the financial year.

International Tax

Many Australians have assets or conduct international business. Our specialists offer advice and practical assistance when dealing with overseas taxation matters.

ATO Audit Reviews

Tax audits are confusing and stressful. Our tax consultants will assist you through an ATO audit by liaising with the them on your behalf and providing information in a timely manner.

In response to the high volume of audit activity on taxpayers in recent years, we hold an Audit Insurance policy in our own name. This is to cover the professional fees incurred in preparing all relevant documentation and responses to the ATO, or any other Government Agency, concerning an audit, review or investigation. The coverage can be extended to any clients who also wish to participate.

Speak to us today

We have dedicated experts ready to help with advice about your tax and accounting needs