Comprehensive Support for Small to Medium Enterprises
Small to medium businesses form the backbone of the Australian economy, and they deserve accounting support that recognises their unique challenges and opportunities. At Flanigan’s Accounting & Legal, we’ve been helping SMEs manage their taxation and financial reporting obligations for over four decades.
Company Tax Returns
Corporate taxation involves specific rules, rates, and compliance requirements distinct from individual or partnership taxation. We prepare company tax returns for private companies of all sizes, ensuring compliance with current legislation while identifying legitimate opportunities to manage your tax position.
Our services include calculation of taxable income, management of carried forward losses, franking account maintenance, and coordination with shareholder returns. We ensure the company’s tax affairs integrate seamlessly with the personal positions of directors and shareholders.
Financial Statements
Accurate, professionally prepared financial statements serve multiple purposes: they support business decisions; satisfy compliance requirements and provide credibility with banks, suppliers, and other stakeholders. We prepare financial statements that meet relevant accounting standards while presenting your business’s financial position clearly and accurately.
For businesses with specific reporting requirements (whether for banking covenants, grant acquittals, or industry regulation), we prepare financial statements that address those needs.
Trust Tax Returns
Trading and investment trusts are common structures for Australian businesses, but they involve particular taxation complexities. Trust distributions, streaming of different income types, and the tax treatment of beneficiaries all require careful management. Our team has extensive experience with trusts of all types, including discretionary trusts, unit trusts, and hybrid structures.
Consolidated Groups
For business structures involving multiple companies, the tax consolidation regime offers potential advantages in terms of simplified compliance and tax efficiency. We advise on whether consolidation is appropriate for your group and manage the ongoing compliance requirements for consolidated groups.
Our consolidated group services include formation advice, ongoing compliance, entry and exit of group members, and coordination of tax positions across the group. We ensure the group structure delivers its intended benefits while remaining compliant with the complex consolidation rules.
BAS and GST Compliance
Ongoing GST and business activity statement obligations create a regular compliance burden for businesses. We can prepare your BAS returns or review returns prepared internally, ensuring your GST position is correctly reported and any input tax credits are properly claimed.
Other Services
What You Can Expect
Engage our Tax Returns and Financials service for accurate, compliant, and strategically aligned reporting across your business and group structures. We deliver clarity, risk control, and confidence so your tax and financial obligations support better decisions, stronger credibility, and long-term stability.