ONLINE ACCOUNTANTS & TAX AGENTS
Australia's original and most comprehensive site for online tax returns & solutions
Fast online business & personal tax returns, financials, advice & other services. Lowest flat fees by experts for 25+ years. Simply select your form below and enter online or upload your data.
Personal & couples returns
Rental returns for Individuals or Couples
BC Accountants has extended lodgement & payment dates for all return categories, providing we or another agent represented you as at 31st October. Below is a return list that applies for our small business & small taxpayers.
| Client Type | Lodging Due | Payment Due | Applies to |
|---|---|---|---|
| Non-Taxable | 5 June | 5 June | Concession if no tax payable prior year |
| Tax Payable | 15 May | 5 June | Excluding all those below |
| Tax Payable large | 31 Mar | 31 Mar | If tax payable was over 20,000 last year |
| Medium Income | 31 Mar | 31 Mar | Income > $2m based on prior year |
| New SMSF | 28 Feb | 28 Feb | Newly registered smsf during year |
| Large Income | 15 Jan | 15 Jan | Income > $10m based on prior year |
| Late Lodgers | 31 Oct | 1 Dec | If a prior return is overdue or was lodged late |
| No Tax Agent | 31 Oct | 1 Dec | If no tax agent prior to 31st Oct |
Note 1 - Partnerships & Trusts will generally be due on the same dates as individual partners/beneficiaries |
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Our extended BAS & IAS lodgement dates are shown below. We lodge electronically and send you a copy and remittance advice same day. If lodging earlier, payment dates remain the same as lodgement due dates.
| BAS Type | Usual Date | Extended Date | Applies to |
|---|---|---|---|
| BAS Quarterly | 28th next month | 25th 2nd month | All small business unless monthly |
| BAS Monthly | 21st next month | 21st next month | If elected or a larger business |
| IAS Monthly | 21st next month | 21st next month | If annual PAYG Withholding >$25000 |
| Instalment Notices | 28th next month | 28th next month | Only required if a variation needed |
| Annual GST Return | 28 Feb 20 | tax return date | If elected to pay GST Instalments |
Note 1 - We do not change BAS delivery addresses and you should continue to receive BAS as before |
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Following are most Payroll obligations that apply to small business employing staff, and these also apply to business owners drawing a salary, directors fee or super.
| Payroll Type | Due | Usual Date | Applies to |
|---|---|---|---|
| Superannuation SGC | Quarterly | 28th next month | Min 10.5% of gross ordinary wages |
| Superannuation Addit | Annual | 30th June | Additional super over SGC minimum |
| STP Finalisation | Annual | 14th July | Complete by this date |
| Annual | 30th September | If we preparing & lodging | |
| Annual | tax return date | If a Closely-Held employee | |
| Taxable Payments | Annual | 28th August | For Building & Cleaning contractors |
| FBT Return | Annual | 21st May | or 25th June if we lodging |
| Payroll Tax | Annual | Refer your State thresholds rates and due dates | |
| Workers Comp | Annual | Refer your State thresholds rates and due dates | |
Note 1 - Super must actually be received by the fund by the due date, so do it a few days beforehand. |
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The following tax rates are those that apply according to your residency status. Application of offsets and levies will also vary according to residency, age, family and other circumstances.
| Tax Thresholds | 2023 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Residents | ||||||
| to 18200 | 0% | 0% | 0% | |||
| to 45000 | 19% | 19% | 19% | |||
| to 120000 | 32.5% | 32.5% | 32.5% | |||
| to 180000 | 37% | 37% | 37% | |||
| 180000+ | 45% | 45% | 45% | |||
| Medicare Levy | 2% | 2% | 2% | |||
| Quick tax estimator | ||||||
Our system has been designed to deliver;
maximum efficiency for fast returns and reports
quality returns and compliance to keep you safe
lowest cost at flat upfront rates
optimum tax outcomes and accountancy options
additional online services & technical advice whenever needed
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BC Accountants has supported all major accounting software since 1993 and are Professional Partners & Certified Advisers for all. As such we can cut to the chase quickly getting it up to date, or attend to regular bookkeeping or payroll needs. Contact us for quick instructions or quotes
Simply select your return type as follows;
Individuals
1. enter your details, income & deductions or upload copies and submit
Business or Investment entities
1. either enter your results or upload a data-file, reports or worksheets
2. if a new client, upload a copy of your prior return/financials if any
SMSF
1. enter your fund details
2. refer our checklists and upload all statements & documents
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Our work commences as soon as you submit our online form.
For individual returns we then;
1. review your information and get back to you if more info is required,
2. check your ATO prefill reports, system balances & status
3. prepare & send you a copy of the return
4. lodge by next morning unless we hear back from you
For business returns we will;
1. review your information and get back to you if more info is required,
2. check your ATO system balances & status & prior returns
3. attend to any further adjustments and related tasks needed
4. prepare reports or financials to ensure accounting & tax compliance
5. prepare returns and forward all for review and signature
6. lodge online as soon as signed copies are returned to us
For SMSF returns we will;
1. review your information and get back to you if more info is required,
2. check your ATO system balances & status & prior returns
3. attend to data entry or updates, reconciliations & adjustments
4. prepare financials, minutes, & returns from documentation
5. forward all for your review and signature
6. attend to the independent smsf audit and lodge online
7. send you ATO confirmation & payment advice & audit report
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Our flat web discount rates are summarised below, and these include most routine adjustments. Additional fees may apply for those needing extra tasks or help. See our forms for more detail, or request a quote if unsure.
| Service | Fees | Comments |
|---|---|---|
| SUMMARY | ||
| Business Tax Returns | $330 | Companies, Trusts, Partenerships, options $55, $275 financial statements |
| Individual Tax Returns | $65 | add $45 for business, $30 per rental property |
| Couples Tax Returns | $60ea | add $45 per business or $25ea per rental property |
| Student & WHM Returns | $55 | residency options, IMT transfers $25, Medicare exemptions $20 |
| SMSF Audited Returns | $660+ | Simple funds $660 + for extra investments, tasks, volume |
| BAS & Other Tasks | $55+ | from a flat $55 or $110 p/hr, expert $220 |
| STP & Payroll | $55+ | from a flat $55 or POA for regular payroll |
| See here for detailed list of indicative rates | ||
| ENTITIES | ||
| Company, Trust or Partnership Returns | $330 | includes Compilation Reports more info |
| Financial Statements | $275 | add to above if required more info |
| Dormant Returns | $55 | or $110 if tax return required |
| BAS & IAS lodgements | $55 | base rate with no extra work |
| BAS Reconciliations | $110+ | Annual reco & BAS Amendment |
| SMSF Simple Fund | $660 | includes everything, data-entry to audit |
| Additional Tasks | $55+ | may apply for non-routine schedules or time if required for compliance or tax benefit reasons |
| PERSONAL | ||
| Sole Trader or ABN Income | $110 | other options $55 or financials $220 |
| Individual Return | $65 | unless extra tasks |
| Couples Returns | $60 ea | use couples form |
| Student or Working Holiday visa | $55 ea | use student/whm form |
| Rental Returns | $30 | add to above, or $25ea for couples, per property or CGT schedules. |
| RELATED SERVICES | ||
| Amended Returns | $POA | generally same as fees above |
| FBT Returns | $POA | time can vary widely |
| ASIC Agent | $110pa | includes Annual ASIC return |
| ASIC & ABN Updates | $55 | or $110 if we not agent |
| Company Windup | $220 | ASIC & ATO deregistrations |
| ATO Remissions | $110 | for penalty & interest applications |
| Online Accounting | $55 hr | Xero, Myob, Quickbooks, Reckon, etc |
| Payroll | $55 hr | Online Software recommended |
| Payment Summaries | $75 | for two employees |
| SGC or Super | $75 hr | Quarterly Superstream lodgements |
| TPAR | $75 | Taxable Payments Annual Report, extra if contractor compilation also required |
| EXPERT | ||
| Other Financials | $275 hr | eg Interims, Projections or Cashflow |
| ATO Objections | $220 hr | |
| Technical Advice | $220 hr | |
| Accountants Letter | $220 hr | depends on reviews & verifications |
Our web discount rates and fast service rely on upfront payment terms, either by submitting your credit card details or sending a copy of your bank transfer before we commence. This helps keep costs down for all clients and ensures immediate attention. See our terms policy...
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BC Accountants is Australia's most trusted online team of accountants & tax agents. We invented online tax services and since 1995 have evolved the largest range of web solutions for thousands of people and business clients Australia-wide.
We are a modern firm with a friendly approach. Our priority is to achieve faster, smarter and quality outcomes at efficent cost. At the same time we have the professional experience and technical expertise whenever you need it. Please be wary of immitators.
We are always online for any quick queries and welcome all feedback. more...
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Are financial statements required?
Compilation Reports - All our business tax fees includes a basic compilation report including Profit Statement & Balance sheet. This is necessary in order to ensure minimum ATO compliance requirements are met, and also meets your minimum Corporations Law or Trust Deed requirements in regard to keeping proper annual records. They also provide a clear indication of how your tax outcome was derived, but not necessarily the true accounting profit for the year.
Financial Statements - These are an optional extra and involve formal financial statements on a simple non-reporting entity basis. This means they are not audited nor required to be lodged and are not intended for use by third parties. However they involve data reviews and adjustments in accordance with Approved Accounting & Companies Standards, and the the profit or financial position may often vary from your taxable income. Accounting Notes, Tax Reconciliation, Directors/Trustee/Partner Report and Declaration are also included.
Hence financial statements are not necessary but are generally recommended and are more likely to be relied upon by others in future eg shareholders, banks, suppliers, business buyers, the ATO, etc.
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