Tax compliance is important for Australian businesses, ensuring business adhere to laws set by the Australian Taxation Office (ATO). Compliance helps avoid penalties, fines, and legal issues while building trust with customers, investors, and partners.

A good understanding of the tax system and Australia’s tax laws is essential for sustainable growth, but many businesses find the complexities a bit daunting.

OZ Financial Advisory provides services to covers everything from the basic principles, local and international regulation. Australian tax compliance refers to the obligation of businesses and individuals to meet the requirements outlined by the Australian Taxation Office (ATO) which involves lodging accurate tax returns before due date, paying the correct amount of tax on time, and tax obligations for your large business.

Tax obligation includes lodgement of Income Tax, Goods and Services Tax (GST), Payroll Tax, Fringe Benefits Tax (FBT), Capital Gains Tax (CGT) and others. Businesses should give tax compliance a top priority as part of business strategy and effective tax management.