TAXATION

Taxation

Millar Partners offer a full range of taxation services, providing advice based on proven knowledge and experience.

Taxation can be a major cost to your business. We will work with you to minimise your tax and help you achieve your key objectives.

We provide a complete service of assistance and advice in areas including:

  • Preparation of year end income tax returns
  • Capital Gains Tax
  • Fringe Benefits Tax
  • Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
  • Management of any ATO Audits or disputes

Goods & Services Tax

The GST system is complex and ever changing.  Millar Partners ensures its staff are continuously up to date on changes, and able to offer you accurate advice.

Every transaction now brings with it a GST issue. We have experience with these issues and are able to offer expert advice on the implications of GST for your business. The GST related services we offer include:

  • Advice on registering for GST
  • Preparation, filing and adjusting GST returns
  • ATO audit assistance
  • GST implications on specific business transactions

Land Tax

Landowners, except those in the Northern Territory, may be liable for land tax. In the Australian Capital Territory land tax is levied on lessees under a Crown lease, because land generally cannot be acquired under freehold title. Landowners are generally liable for land tax when the unimproved value of taxable land exceeds certain thresholds (excluding the ACT).

Principal places of residence are generally exempt from land tax, however this depends on particular qualifying criteria (these vary between jurisdictions). In some states, deductions and rebates are available, depending on how the land is used.

Payroll Tax

Payroll tax is a state tax on the wages paid by employers when the total wages paid exceed the exemption threshold. Exemption thresholds vary between states. The definition of wages generally includes employer superannuation contributions and fringe benefits, although the definition also varies between states.

The following organisations are generally exempt from payroll tax, provided specific qualifying conditions are met:

Religious institutions
Public benevolent institutions
Charitable organisations