Our clients

  • Automotive

  • Construction

  • Fire Services

  • Security

  • Technology

  • Transport

  • Employment Recruitment

How we help

  • Business start ups planning and advise

  • Financial management

  • Financial information systems

  • Computer systems advice

  • Cashflow forecasting and management

  • Efficient billing and cash collection
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Taxation, Reporting & ATO

Business Solutions Made Easy
Making more valuable time to do the fun things in life. Don't get caught up with mistakes, penalties and general interest charges with being unsure when and how to prepare liability reporting.  
 
New to business or well experienced but don't feel your getting what you want within your business.  Just call us.  We will answer you. Even give you some assistance over the phone. So if you need to ask a question there and then please call.
Financial Business Accounting
Understanding your company constitution obligations, to the quarterly liability reporting..
 
We at Bastax Consultants will work with you to give you complete confidence to understand your accountability to getting it right the first time.  Seeing your profits grow and creating financial independence as your company grows. Assisting the SME business owner succeed within his chosen field. Understanding how to run his financial obligations within the Industry Sector.
Tax Returns EOFY

With BASTAX Consultants, Maree and her team set out creating a hype for personal touch accounting guidance. We make the EOFY stress-less.  Working within budgets you will love and appreciate. Understanding how to keep your finger on the pulse of your business. 

 
Bastax Consultants & Tax agents

We are dedicated to providing a Partner-led service, delivering strong personal relationships to our clients is the forefront of our service approach. We are committed to providing our clients with the confidence in our ability to deliver and add value to their business which is reflected in our depth of experience and expertise. 

 

Bastax continue to maintain our focus on providing solutions for growing Western Australian businesses. For many years we have been setting up companies for our clients. We empower our clients so that they understand the reasons why we recommend a company.

1. Company for running a Business
 
A Pty Ltd company allows a business owner or entrepreneur to keep their own assets and finances separate from the business itself. This means that people who have invested in the business (the shareholders) are only responsible for any company debts up-to-the amount that they invested and no more. It is, therefore, a good way for a business to operate without risk to personal wealth. A company is an entity in its own right.
2. Company for running a Self managed super

There used to be a debate about whether it was better to have the members as trustees of an SMSF - or a company. These days, the safest course of action is having a company as trustee of your SMSF. This type of company is called a Special Purpose Company. Provided you only use the company to operate your SMSF, then you pay lower yearly ASIC fees. We can arrange the SMSF Deed to be updated. This is to allow for a company to act as your SMSF Trustee. The specialist superannuation law firm we use signs off to say that there are no stamp duty or CGT implications with the new trustee.
Company Advantages
  • Generally, shareholders only lose the value of their shares and are not liable for the company's debts. This is limited liability.

  • Legal arrangements are in the company's name, not in the name of its directors and managers.

  • The business structure ensures continuity of management and ownership. This is in case of death or disability.

  • The tax rate for companies is less than the highest rate for individuals.

Company Disadvantages
  • Companies are more regulated than other business structures such as Family Trusts and Unit Trusts.

  • Establishing and running a company is more complex and costly.

  • Lessors, suppliers and lenders are reluctant to lend money or enter into contracts or leases. They often require the directors to provide personal guarantees.

  • If directors fail to meet their legal obligations, they may be held personally liable for the company's debts.

  • Profits distributed by companies to shareholders are taxable.

  • Your financial affairs are public

We would be happy to speak with you about this and the other business structures such as:

  • Sole trader

  • Partnership

  • Family Trust - however, we normally recommend a company as the trustee of the Family Trust

  • Service Trust

  • Unit Trust

  • Partnership