Taxation & Compliance

There is no escaping taxation. TSP Accountants have a team of highly qualified accountants to ensure you comply with all of your taxation obligations.

INCOME TAX – PERSONAL

We can assist in preparation of your personal income tax returns including Rental Property and investment reporting as well as ensuring all allowable deductions are claimed.

The TSP team all understand the complexities of individual taxation and the importance of ensuring compliance while maximising tax efficiency. Our team of experienced tax professionals is dedicated to providing accurate and comprehensive tax preparation services for individuals in Newcastle, NSW.

Our individual tax preparation services include:

• Personal income tax returns
• Rental property tax returns
• Capital Gains Tax (CGT) calculations and reporting
• Tax deduction and offset claims
• Tax planning and minimization strategies
• Representation during tax audits and disputes

We take a personalised approach to each client, thoroughly analysing their unique circumstances and financial situation to identify all eligible deductions, credits, and tax-saving opportunities. Our tax professionals stay up-to-date with the latest tax laws, regulations, and changes, ensuring accurate and compliant tax preparation.

By engaging our individual tax preparation services, you can have peace of mind knowing that your tax obligations are being handled efficiently and correctly. We strive to maximize your tax savings while ensuring full compliance with the relevant tax laws and regulations.

INCOME TAX – BUSINESS

TSP Accountants & Business Advisors offers comprehensive tax preparation services for businesses in Newcastle. The rules around business taxation are constantly changing. Our team undertake regular training to ensure they are abreast of all the changes as they occur. We strive to ensure you pay no more tax than you are legally obliged to and work with you to plan for and minimise your upcoming tax obligations.

Our team of experienced tax professionals stays up-to-date with the latest tax laws, regulations, and changes, enabling us to provide accurate and compliant tax preparation services tailored to your business’s specific needs. We handle all aspects of business tax preparation, including:

• Corporate and partnership tax returns
• Trust tax returns
• Fringe Benefits Tax (FBT) calculations and returns
• Capital Gains Tax (CGT) calculations and reporting
• GST/BAS preparation and lodgment
• Tax planning and minimization strategies
• Representation during tax audits and disputes

By leveraging our expertise and industry knowledge, we aim to minimise your tax liabilities while ensuring full compliance with the relevant tax laws and regulations. Our tax preparation services are designed to alleviate the burden of tax compliance, allowing you to focus on running and growing your business.

GST & PAYG

While trying to run a business it is not hard to fall behind with your regular BAS lodgements. We assist many of our business clients by preparing and lodging their monthly and quarterly Activity Statements taking the stress out of doing it yourself.

CAPITAL GAINS TAX

The rules around Capital Gains Tax are extremely complicated and mistakes can be costly. Our knowledge of this area of taxation ensures that you don’t get caught out.

We have recently been able to assist a number of our clients with their Capital Gains Tax, just click on the link to read the Case Study on how we saved our client $30,000 in CGT. 

OTHER TAXES

We also advise on Fringe Benefits Tax, Land Tax and Payroll Tax offering the best ways to keep these taxes to a minimum. We’re also well versed in the areas of Stamp Duty, Fuel Tax Credits and Deceased Estates.