Accounting and Tax Compliance Services That Give You Peace Of Mind
Are you spending too much time on accounting and tax compliance instead of more important jobs like growing your business?
Because our highly experienced tax compliance team work in tax every day of the year, we know exactly what needs to be done to meet your regulatory and statutory compliance requirements.
We can help you take care of everything from tax returns, to tax planning and if you business operates overseas, we have expert international tax accountants on hand to ensure you remain fully compliant.
With MGI’s accounting and business tax accountants you can be confident that you’re benefiting from the knowledge and experience of one of the leading accounting firms in South East Queensland. We take care of your tax compliance needs leaving you with more time to take care of your growing your business.
We’re the business accountants Brisbane and Gold Coast businesses trust to get the job done right.
Whatever industry you work in from small business, eCommerce, construction, hospitality, medical and dental to manufacturing, our tax accountants can help you.
Talk To An MGI Tax Compliance Accountant About
How we can help with tax compliance
Make sense of reporting
Understand how well your business is really tracking and how this compares to industry benchmarks.
Avoid unexpected penalties
Accounting and tax laws are notoriously complex and fast-changing. We have the expertise to keep your business safe.
Get more time in your day
Accounting and tax compliance can be time consuming. But it doesn't have to be. Let us take care of this for you and free up your time for other important jobs.
Tax Compliance Services We Offer
Business Tax Returns
We help you generate tax savings through preparing and lodging your business tax returns. We work with you on:
- Anticipating and budgeting for tax bills
- Timely preparation of business tax returns
- Maximising eligible concessions including small business tax concessions, tax concessions for primary producers and family business concessions
- Maximising other tax reduction opportunities
Personal Tax Returns / Income tax reduction strategies
We help you take full advantage of opportunities within tax legislation to minimise your personal tax liability. In preparing your personal tax returns we ensure you:
- Maximise family tax concessions
- Take full advantage of income tax reduction strategies including superannuation strategies
- Anticipate and reduce capital gains tax
Find Out More About Personal Tax Returns For Business Owners
Company Tax Planning
Company tax planning helps to reduce the impact of tax on your company’s cash flows. Good tax planning will help you to:
- Meet your requirements under tax legislation
- Reduce your outlay on business tax
- Protect your assets.
Talk to an experienced tax accountant today and take advantage of potential tax savings.
International Tax
Whether you’re a parent company with an overseas subsidiary in Australia or an Australian business looking to expand overseas, you’ll face a range of unfamiliar tax compliance issues. MGI’s team of international tax accountants can take the stress out of regulatory compliance.
Find Out More About Our International Tax Consulting Services
Business tax compliance including FBT, GST, CGT and payroll tax
As a business grows, keeping track of all the forms, financial statements and returns required by various government bodies can be a real nightmare. Our accounting and tax compliance team can manage all your regulatory obligations and ensure all related documentation is accurate and up-to-date. Let us take care of your:
- End of year processing
- Quarterly and annual financial statement preparation
- Tax compliance including FBT, GST, CGT and payroll tax
- Management reporting
Cash Flow Analysis
Inadequate cash flow was reported by ASIC as one of the top three reasons for Australian businesses failures in 2015-16. Ensuring you understand and manage your business’ cash flow position is vital. At MGI we help you by:
- Providing cash flow statements and forecasts
- Helping you to understand your cash flow position
- Suggesting strategies to better manage your cash flow
If cash flow is a problem in your business, speak to an MGI accounting and tax consultant today.
Consolidated financial statements
Consolidated financial statements provide an insight into the overall health of your group of companies by aggregating the financial position of the parent company and its subsidiaries. MGI can assist by providing:
- Consolidated statements of income
- Consolidated balance sheets
- Separate parent and subsidiary statements
- Ownership calculations
Are you making decisions on behalf of a group of companies? Contact MGI to discuss how we can strengthen this process.
Frequently Asked Questions About Accounting & Tax Compliance Services
Business tax compliance refers to the process of ensuring your company meets all its legal obligations relating to taxation. This includes accurately reporting income and expenses, lodging required tax returns, and paying the correct amount of tax on time. Staying compliant is essential to avoid penalties and build a strong financial foundation for your business.
Tax compliance involves a number of key activities including:
- Lodging tax returns accurately and on time
- Paying the correct amount of tax by the due date
- Maintaining up-to-date and accurate financial records
- Staying informed of changes to tax laws and regulations
- Meeting all relevant state and federal tax obligations
- Preparing for possible audits or reviews by the ATO
Whether you’re a sole trader or managing a complex company structure, staying on top of these tasks is critical to maintaining business credibility and avoiding costly errors.
A tax compliance accountant helps ensure your business remains compliant, efficient and financially sound. The key benefits include:
- Expert knowledge of Australian tax legislation
- Accurate and timely lodgement of all required tax documents
- Advice on allowable deductions and ways to reduce your tax liability
- Support in the event of an audit or review by the ATO
- Time savings, allowing you to focus on running your business
- Peace of mind knowing your tax affairs are in good hands
An experienced tax compliance accountant doesn’t just keep you compliant – they add value by identifying tax planning opportunities and supporting strategic decision-making.
Tax compliance should be reviewed regularly – at a minimum, annually – especially prior to the end of the financial year. However, businesses experiencing rapid growth, structural changes or those operating in highly regulated industries may require quarterly or even monthly reviews. Regular check-ins with your accountant ensure your tax strategy remains aligned with your current business needs and minimises the risk of non-compliance.
To prepare for a tax audit, you should:
- Keep clear and organised financial records
- Retain copies of all lodged tax returns and supporting documentation
- Maintain up-to-date bookkeeping and accounting systems
- Be prepared to explain any deductions or business expenses
- Work closely with your tax compliance accountant for guidance and support
Having accurate records and a trusted accountant by your side can make the audit process much smoother and reduce the risk of any penalties.
