Every company registered in Australia is under an obligation to lodge their annual tax return. Company tax return represents your net income that is calculated by deducting all expenses from the gross income and then adjusted for tax deductions, if any. The corporate tax rate stands at 30% of the net taxable income. Further, a lower rate may apply if the company is a base rate entity.
It is important that your company tax returns are managed by professionals so that chances of any discrepancies are eliminated and tax liability is minimized after taking the benefit of every deduction allowed under the tax laws. That is how Auditax helps you and our professionals can also guide you with the tax rate that shall apply to your company along with other additional matters that may arise.