Some accounting firms specialize in certain areas of tax, for example completing a high number of individual tax returns in a product line-type environment.
At Parker Accounting, our business has evolved with a unique balance. We are both fortunate and grateful, to have developed a client base which is evenly balanced between working with all business entities including Sole Traders, Partnerships, Trusts (fixed and discretionary) and Companies. In fact, there is perhaps nothing our team members enjoy more than getting to know the business of a new client, or someone wishing to start a business, then recommending and implementing what we feel is the optimum business structure for them.
Notwithstanding the set-up of a new business structure, our team have the breadth of expertise across all aspects of taxation for each type of entity as mentioned. We are all over the Small Business Instant Asset Write-Off, changes to Small Business tax rates and offsets that are available from time to time. Then there are the more complex issues such as tax-splitting and minimization, Division 7A loan accounts, the Small Business Retirement Exemptions, etc. It doesn’t matter where your business or business idea is at, we can help you be compliant and minimize your tax from start to finish.