If you need help with preparing and lodging your business tax, Watson & Watt are your local business tax accountant who specialises in looking after the tax affairs of small businesses in Brisbane and beyond. We offer a fast, timely but affordable solution to your annual business tax returns and accounting lodgements, BAS, FBT and bookkeeping together with an honest and reliable service.
Wouldn’t life be wonderful without taxes? For business owners, it sure would be! Managing taxation and filling tax returns is often the most stressful element of financial management for small business owners. While some can get to grips with managing payroll and small business bookkeeping themselves, taking on taxation is just a whole other minefield. Using a tax specialist to make tax pre-payments and to calculate tax obligations. As your BAS agent we can prepare business activity statements, file tax returns and doing everything you can to stay in line with the Australian Tax Office will free you to work on your business.
Why Get A Business Tax Accountant?
Success is straight forward when you work with a tax specialist. The Watson & Watt tax experts work as your partner in taxation. Watson & Watt is your very own business tax accountant. We commit ourselves to working with a select base of clients to ensure we can always provide personalised service and be fully embedded with all the specific taxation requirements of your business.
Check-ups and check-ins are important to us. We don’t just provide an answer or a remedy and leave things at that. As the leading professional business accountant, and beyond, the Watson & Watt team take following up with clients very seriously. We’re never happy unless your taxes are in full health and tip-top shape.
We’ll never leave you waiting to hear from us. We endeavour to respond to all phone calls and e-mails with 24 hours, responding to most on the same day. Even in tax emergencies, when tax return deadline are looming or the tax office is requesting records, we’re professional business accountants that will respond to your call.
A Tax Accountant Can Prevent Unexpected Disasters
If you have been trying to deal with tax problems on your own, you understand that there is a lot of ground to cover. You can miss areas that you previously weren’t aware of, or realise that some expenses aren’t covered by certain benefits. While some of these won’t sink your business, you can see the impact on your bottom line. With the help of a tax accountant, you can avoid these pitfalls and direct that money to places that would benefit your business.
As has been proven time and time again with clients in the past, in a bid to meet your tax requirements, you may actually be exceeding your obligations. The last thing any small business needs is to overpaying on tax. Don’t hope for the Tax Office to recognise and remedy the overpayment – that may never happen!
Acquiring the help of a tax specialist isn’t all about preventing underpayments and ensuring you toe the line with the tax office. As your tax partner, Watson & Watt are on hand to constantly review your taxes and try to identify opportunities for reducing your tax obligations too. We’re not just focused on ensuring you meet all your legal tax obligations, we also here to ensure we prevent you from overpaying on tax.
Let’s work together to minimise your tax payments, identify all the tax breaks and credits your business is actually eligible for and improve the financial health of your company.
- Up to date & squeaky clean with ATO
- Direct access to experienced advisors
- Pragmatic advice
- We know the people you need to know
- Clarify the direction for your business
- Build rock solid foundations
- Understand your numbers and how to maximise them
- Accountability
At Watson & Watt we provide a wide range of professional accounting and financial services to meet your individual and business needs. Our services include:
1. Tax Compliance:
We specialize in tax compliance, ensuring that your financial statements are accurately prepared and tax returns are filed on time. Our expertise includes;
- Bookkeeping
- Preparation & Lodgment of Business Activity Statements (BAS)
- Financial Statement & Income Tax Preparation
- Fringe Benefits tax returns and advice
- Managing company registers and liasing with ASIC.
2. Tax Planning:
Our tax planning services are designed to help you minimize your tax liabilities while staying compliant with the latest tax laws and regulations. We work with you to develop strategies that optimize your tax position.
3. Business Consulting:
Our experienced team offers comprehensive business consulting services, including:
- Goal Setting: We help you define clear and achievable goals to drive your business forward.
- Strategy Development: We work with you to create a tailored business strategy that aligns with your goals and helps you navigate challenges effectively.
- Accountability: Our accountability services provide you with the guidance and support needed to ensure you're on track to meet your business objectives.
- Budgeting: We assist in creating budgets that allow you to manage your finances effectively and reach your financial targets.
- Forecasting: Our forecasting services provide insights into future financial performance, enabling you to plan and make informed decisions for both cash and profit.
- Performance Analysis: We evaluate your business's financial performance and provide recommendations to enhance profitability and efficiency.
All our pricing is fixed, agreed in advance and paid via direct debit. And for those that qualify we offer a 12 month payment plan at no extra cost where we spread the costs of the year’s services over 12 equal instalments.
Each year we will send you a new proposal with updated pricing and schedule of services.
Should you require additional services in the period we will provide you with a proposal for those services before we do any work. That way you are always in control.
After you submit an enquiry we will organise a time to for a free video meeting or phone call at a time suitable for us both. This meeting can go up to 30 minutes long and is a chance for us both to get to know each other, find out what you are looking for and whether we are a good fit for each other.
If we both agree that we can work well together and deliver you the outcomes you are looking for, we will provide you with a proposal for our services which will outline the services, costs involved and our terms and conditions. Once that is accepted there are some compliance requirements we need to satisfy such as ID verification and tax agent linking on the business portal. But we will outline all that in detail once that time comes.
We only do individual tax returns for those individuals who are part of a business group (e.g the shareholders/directors) we do the accounting for, and for those with substantial investments and investment structures such as family trusts or self-managed super funds.
We work with our clients through a combination of email, phone, video and if the case requires it, face to face meetings.