Wouldn’t it be great if small business owners didn’t have to stress at tax time? If they didn’t have to navigate the confusing and ever-changing tax rules and regulations? Or carry the load of lodging tax returns and business activity statements alone? All while trying to focus on the demands of running their business!
What if there was a small business and tax debt specialist that could do it all?
Hi, We’re Wisdom Business Consultants!
At Wisdom, our expert team have been helping businesses in Australia like yours for over 50 years. Like you, we are a small team that pride ourselves on a providing an honest, down-to-Earth and professional service. We help businesses from the ground-up with everything from selecting the right business structure, protecting your assets, consolidating debt and optimising efficiency.
Our team have a full background in accounting and a complete understanding of tax legislation, making us a one-stop-shop for small business accounting services. Moreover, our accountants understand that each small business is unique and requires personal, tailored services for the best results.
Contact us today!
Tax Help for Small Business Owners
The liabilities and tax obligations placed on small businesses in Australia are numerous and complex. From concessions to the many small business taxes, there is a lot to understand – and business tax law can change on an annual basis. Therefore, it is highly recommended to enlist expert accounting services to ensure you stay on top of your business tax liabilities and avoid accumulating debt.
A qualified small business accountant can take care of all your accounting needs, so you can focus on your growing business. At Wisdom, we provide a comprehensive range of services to ensure your business tax obligations are met.
It’s easy to lose track of your financial situation when you are in the midst of trying to manage a company. Often, business owners don’t actually realise how much money they owe.
Our team of qualified business accountants can analyse your finances and provide s, objective advice. During this process, we can seek a stay of any recovery action to ensure we have ample time to work with you and create a plan for the future.
Business Activity Statements (BAS) and Tax Returns
Our small business tax accountants can ensure your BAS and tax return is lodged on time. We can offer expert advice and business tax tips to make your life easier!
We can help you to understand the taxes for which your business structure is liable. This may include capital gains tax, fringe benefits tax or superannuation contributions. From there, we can provide advice on the available concessions to minimise the cost to your business as much as permissible.
Our expert accounting firm can also assist with any overdue BAS or business tax return. Late lodgement can lead to heavy fines and penalties. Notably, the ‘Failure to Lodge on time’ (FLT) penalties increase every 28 days if ignored, so get in touch with our friendly team of accountants as soon as possible!
Tax Planning Strategies
With the expert team of small business tax accountants from Wisdom by your side, you will enjoy a comprehensive and tailored tax strategy so you business can plan for the future of your growing business.
Your Business is Unique.
Tax planning strategies are essential to manage your business’s cash flow and fuel business growth. We offer a tailored approach to tax planning as we understand that each business is unique. We provide education and assistance with implementing cloud based accounting software to streamline your business’s bookkeeping and taxation reporting. As part of your unique tax planning strategies, we can recommend a small business tax structure that offers asset protection.
If you have outstanding small business tax debt, fines and interest charges, our team of specialist business accountants can help. We can negotiate directly with the ATO and other creditors on behalf of your business. With our wealth of knowledge and experience, we will work to have the cost of your tax debt and any attached penalties reduced or released wherever possible.
Business restructuring is a process by which a business implements major changes to their operational structure in order to increase efficiency and profitability Commonly, this occurs when a business is experiencing financial hardship or severe debt, in order to avoid liquidation.
With an experienced accountant from Wisdom, our clients can enjoy a strong small business tax structure and financial plan for recovery. If your business is in debt, we can assist with creating a budget so you know exactly how much you can afford to pay. From there, we can negotiate with creditors to implement a payment plan; equating to happy creditors and happy customers.
Advice and Information
If you are feeling overwhelmed by bookkeeping and small business tax debt, contact Wisdom Business Consultants. We can provide business advice for all aspects of accounting, financial planning and tax matters relevant to your business structure.
Design and Manage Insolvency Strategies
Sometimes, small business tax debt can push businesses to insolvency. In our insolvency management services, we’ll asses your financials and offer a tailored strategy. It may include informal restructuring, voluntary administration or even liquidation. Either way, we’ll be upfront and share with you our professional opinion.
Let our friendly team support your financial position and fuel your business’s growth.
Contact Us Today!
What Engaging with the ATO Means
The debt specialist team at tax negotiators can take the stress out of navigating tax for business owners. Failing to address your tax obligations can come at a cost; the ATO charge heavy fines, penalties and interest for late lodgement. In addition to this, companies that fail to pay their tax debt can be issued with statutory demands, garnishee notices or Director Penalty Notices (DPN); all of which have the ability to make a business owner or director personally liable for unpaid debt or wind-up their business.
Fortunately, the accounting specialists at Wisdom are experienced in helping small business owners get on top of their tax debts and avoid hard penalties. We help our clients negotiate debt, form a strong financial plan and regain control of their business.
Small Business Consultants and Tax Experts Near Me
Wisdom Business Consultants are the industry leaders of tax planning and debt negotiation services in Australia. With a combined experience of over 50 years, our service is unrivalled. Our strong background in business, accounting and taxation services can help your business strengthen its financial position. In addition to this, we pride ourselves on our record of excellence, backed by positive reviews from our clients.
Where to Find Us
We understand that as a small business owner, your time is precious. We can provide our specialist accounting service through a range of platforms, including:
- Face to Face
- Fly in and fly out Australia wide
Don’t Wait Until It’s Too Late, Call Wisdom Today
Small business tax can be overwhelming and hard to manage. With all the work that goes into running a small business, there is seldom time to think about accounting or financial planning.
At Wisdom, we understand the challenges you face as a small business owner and can help you reach your big potential. We have a comprehensive understanding of business tax and financial planning, allowing us to help our clients regain control of their small businesses.
Let our small business accounting specialists help you regain control of your finances today.
Contact Us Today!
What our clients say
Andrew was extremely helpful and understanding in a very difficult time. rnu003cbru003eHe walked me through both the liquidation of the family vineyard/restaurant and my personal bankruptcy. rnu003cbru003eI have now come out the other side with a fresh start and a new for life