Forsyths Accounting Services
Business Tax in Mackay
- Supporting Mackay since 1949
- Independent and locally owned business
- Accounting services for a range of clients
About This Service
Mackay Business Tax Services
At Forsyths Accounting Services in Mackay, we strive for accuracy, compliance and up-to-date knowledge of obligations when it comes to business tax.
Our service includes business activity statements (BAS), tax return preparation and reporting across structures like sole traders, partnerships and companies. We aim to support businesses across different industries, focusing on current legislative requirements and timeframes.
Where possible, our goal is to provide practical guidance that reflects the structure and obligations of the business involved. Whether you’re operating independently or managing a company setup, we offer support grounded in legislative detail.
To speak with our Mackay office about business tax, phone (07) 4953 1099.
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Frequently Asked Questions
What can I claim as a business tax deduction in Australia?
Businesses may be able to claim deductions for operating expenses such as rent, utilities, wages and professional fees. Depreciation on assets, vehicle costs and some travel expenses may also be deductible. Deductibility depends on the expense being directly related to earning assessable income and properly documented. Specific rules apply based on the business structure.
How often do Australian businesses need to lodge a BAS?
The frequency of Business Activity Statement (BAS) lodgement depends on GST turnover. Most businesses lodge quarterly, while some may report monthly. Annual reporting applies to businesses under a specific threshold. Due dates vary and lodgement includes GST, PAYG instalments and withholding. The Australian Taxation Office (ATO) issues BAS forms based on each business’s setup.
Do sole traders need to lodge a separate business tax return?
Sole traders report business income and deductions through their individual tax return using a business schedule. They do not lodge a separate business tax return like companies or trusts. It’s important for sole traders to maintain detailed records of income and expenses and to distinguish personal costs from business-related transactions when preparing returns.
What We Offer
Support for Business Tax Reporting
Business tax involves multiple moving parts—structures, deductions, PAYG, superannuation and timing. We work with businesses to meet their ATO lodgement obligations and help clarify what applies to their structure. Some clients require quarterly reporting, while others follow annual cycles.
Our team also assists with payroll tax, tax file number registration and ABN-related reporting where relevant. We consider GST registration and reporting requirements where applicable, and support clients in meeting current record-keeping standards. We aim to provide structured support across income years, accounting systems and reporting methods.
This may include help with reconciling financial data, categorising expenses, or outlining what documentation must be retained. Each task reflects current tax standards and applies to the client’s setup, size and obligations.
