We take the confusion out of tax, so you can relax and focus on the fun stuff. The business landscape is constantly changing and that’s why it’s great to have a partner like us in your corner. At Breathe, we ensure your compliance obligations are taken care of, and your tax returns and financial statements are prepared by experts. You work hard to build your business and the last thing you want is to worry about your taxes after a day’s work. Our team is constantly looking at ways to help you improve your business – whether you need business advice, bookkeeping, budgeting, forecasting, cashflow management or systems improvements, we’ve got you covered.
When establishing a new business, it’s crucial to determine the necessary registrations to ensure compliance with relevant regulations. In Australia, one important registration to consider is Goods and Services Tax (GST) registration. Businesses are obligated to register for GST when their annual GST turnover (total income from all businesses minus GST) reaches $75,000 or more, which is known as the GST threshold. An exception to this is when you provide taxi or limousine travel for passengers (including ride-sourcing) regardless of your GST turnover – you are required to register for GST – this applies to both owner-drivers and if you lease or rent a taxi. For non-profit organisations, this threshold is increased to $150,000 per year or more.
The accounting firm you choose will dictate greatly what services you will receive. While some accountants focus solely on accounting, bookkeeping, taxation or auditing. At Breathe we take care of your business’s complete financial health, including taking care of your books, completing your tax requirements, and providing you with valuable business advice when you need it. We like to do things differently at Breathe, looking at your whole operation to ensure future success.
Our Breathe Accounting bookkeepers are qualified professionals here to help organise your books and manage your ongoing commitments such as Business Activity Statements, Payroll, and Bank Reconciliation. We understand that bookkeeping services need to be accurate, timely and efficient, it’s the backbone of your business and it needs to be managed effectively. We provide bookkeeping services scheduled within a timeframe that works for your business. Whether you need daily, weekly or monthly services, we’ll find a schedule that works best for you and tailor our services to match your needs.
We provide professional bookkeeping services tailored to your business needs. Whether you’re starting completely from scratch, you’re looking to digitalise your processes or you’re seeking reliable ongoing management – we offer expert bookkeeping services that will get you on top of your business.
In Australia, there are several legitimate strategies and considerations to help minimise your taxation position. However, it’s important to note that tax planning should always be done in consultation with a qualified tax professional who can provide personalised advice based on your specific circumstances.