financial-reporting – ritzconsulting.com.au

Meet Your ATO & ASIC Obligations While Saving Tax

Experience smarter accounting and sustainable growth with tax advice, BAS preparation as well as financial reporting from our experts who specialise in building better businesses.

[ Ritz Consulting can provide you with full assistance and support in the correct and timely preparation and lodgment of financial reports, business activity statements (BAS), and tax returns. ]

What Are BAS, Financial Reports, & Tax Returns?

Business activity statements (BAS) are forms that are issued by and need to be submitted back to the Australian Tax Office (ATO) either on a monthly or a quarterly basis. These will help you report and pay for goods and services tax (GST), pay as you go (PAYG) installments, PAYG withholding tax, and other applicable taxes.

Financial reports are detailed written records that show the business activities and financial performance of your business which are audited to ensure accuracy for tax, financing, and investment purposes

Tax returns are forms your business must lodge with the government each year that shows how much money your business earns and reports your tax obligations and deductions.

Why Is It Important?

BAS, financial reports, and tax returns are required by the government to be prepared and lodged on time every time throughout the year so you can properly calculate how much tax you need to pay or that the ATO owes to you.

BAS statement preparation is important so that you will know exactly how much you will pay for GST, PAYG, fringe benefits tax (FBT), luxury car tax (LCT), wine equalisation tax (WET), and other applicable taxes to your business.
Financial reports are important so that you and the government to know the activities and financial performance of your business. For you, it is important so you can make data-driven strategic business decisions. For the government, it is important so they know exactly the right taxes to charge your business
Tax returns are important as they help you make sure you’re not over or underpaying on tax. Not doing these right can cost you money in paying more than you need to in tax or worse, getting large penalties from the government for not paying enough and that is why precise and accurate tax preparation services are crucial.

What Can We Do For You?

Ritz Consulting has a team of business advisors, accountants, bookkeepers, and financial planners with decades of skills, knowledge, and experience in starting and growing businesses across Australia.

Along with our strong connections with well-established insurance and legal experts, we know the ins and outs of every stage of the business journey which makes us more than capable of helping you –

Conceptualise, design, and plan the business you want to build,
Quickly and properly register your new business for you,
Prepare and lodge all tax and compliance obligations,
Minimise and plan business taxes,
Ensure all your financial statements are up-to-date and accurate,
Protect all your business assets,
Secure your financial data through cloud accounting,
Manage your payroll, and
Have all insurances and legals securely in place.

Our team can do all this so you can focus on what matters most – growing your business and doing what you must to build a better life for yourself and those who matter most to you.

Why Choose Us?

We will help you to –

Achieve true sustainable business growth quickly,
Establish solid foundations to withstand the test of time, the threat of volatile markets, and the challenges of an unpredictable business landscape,
Acquire secure, intelligent, accurate, and reliable tax, compliance, accounting, and bookkeeping services,
Make well-informed and precise strategic business decisions, and
Ensure the future of your business, yourself, and those who matter most to you.

Ready To Get Your Business’s Finances Working For You?

Getting started with Ritz Consulting is easy and stress-free. We take care of your taxes and financial management so you can focus on what matters most to you: your business.