Doing Business in Australia: Accounting Services
Welcome to Australia, a vibrant and dynamic country known for its thriving business environment. I
If you are considering expanding your business or starting a new venture in Australia, you will need to factor in the following :
- Local Resident Director
- Tax & Accounting Compliance for doing business in Australia
How Can Australian Tax Specialists Help ?
Our approach is to make your life easy!
We help foreign businesses set up locally in Australia. Our Accountants in Sydney & Brisbane is experienced in setting up companies in Australia for foreign investors. There are several requirements to do this. If you are interested in expanding your operations in Australia then reach out to us for a consultation.
How do we help International Business in Australia
We provide accounting services for multiple small foreign businesses. Helping these businesses Meeting compliance obligations is our primary objective.
1. Business Tax
We provide Accounting & Taxation solutions.
One of the primary responsibilities of an accounting service is to ensure that your business adheres to the complex taxation laws of Australia. They will assist you in understanding your tax obligations, preparing and filing tax returns, and claiming any eligible deductions or exemptions. By staying compliant with the Australian Taxation Office (ATO), you can avoid penalties and maintain a positive relationship with the authorities.
2. Financial Reporting
Accounting services provide accurate and timely financial reporting, giving you insights into the financial health of your business. They will help you prepare financial statements, balance sheets, and profit and loss statements in accordance with the Australian Accounting Standards.
3. Business Structuring and Tax Planning
When starting a new business or expanding into Australia, it's crucial to choose the right business structure that suits your objectives and optimizes your tax position. We can guide you through the process, helping you understand the various options
6.GST and BAS Compliance:
If your business is registered for the Goods and Services Tax (GST), accounting services can ensure your compliance with the GST laws. They will assist in calculating and reporting your GST liabilities, preparing Business Activity Statements (BAS), and meeting the reporting deadlines. By staying on top of your GST obligations, you can avoid penalties and maintain a smooth operation.
7. Transfer Pricing
Navigating the complex world of transfer pricing is crucial for multinational companies operating in Australia. Our accounting service specializes in transfer pricing, ensuring compliance with the Australian Taxation Office (ATO) regulations. We provide expert guidance in setting appropriate intercompany prices, preparing transfer pricing documentation, and managing transfer pricing audits. With our in-depth knowledge of transfer pricing methodologies and extensive experience in cross-border transactions, we help you minimize the risk of disputes and optimize your tax position. Trust our transfer pricing accounting services to safeguard your business and maintain compliance in Australia's evolving regulatory landscape.
Frequently Asked Questions
Could Foreigners Start a company in Australia ?
Yes ! Australia is an advanced economy. Australian government encourages foreign investments in the local economy. For a Small private company you will need at least one local resident director. If your business is unable to find a local director, then Australian Tax Specialists can provide you with a nominee director.
Cost of setting up a foreign company in Australia
It will cost between $3,500 to $5,000 aud for a small private business.
Can You register if you are outside of Australia ?
Yes you can. Please book a consultation with us