James Douglas Financial Services are a team of specialists in Taxation and Accounting for Businesses and Individuals.

We are a local business that provides excellent service and advice to our clients.

The Australian Taxation Office is currently employing a vigorous policy to ensure tax and superannuation funds are accounted for and paid. If you are in this position you should strongly consider employing a specialist to ensure you have no outstanding tax risk. This is where JDFS can help.

Our services include:

TAXATION – Income Tax, GST, Capital Gains, FBT, Payroll Tax and other taxes.

TAX PLANNING – Review business or Individual financial goals through efficient legal methods of changing exposure to taxation.

FINANCIAL REPORTING – Directed more at the SME marketing we produce financial statements to evaluate performance and if required satisfy the reporting requirements of the Australian Securities and Investment Commission (ASIC) and the Australian Taxation Office (ATO).

GOVERNANCE & COMPLIANCE – Assist with meeting the reporting demands under the Corporations Act for ASIC and the ATO.

OTHER SERVICES – Accounting & Bookkeeping.

LINKED TO TAXATION

Being in the public practice for more than 15 years, we are familiar with all tax regimes relating to both business and individuals. We spend many hours every year researching tax changes and reform to assess their impact on our clients. This ensures we are able to apply the new tax ruling to our clients so they won’t be disadvantaged by the obsolete legislation.

Income Tax Return – We don’t miss any deduction and offset so we can maximize the individual tax refund. Our expertise allows us to service the most complex tax returns for company, trust and partnership.

BAS or IAS Lodgement – We deal with GST issues over many industries including retail, hospitality, import and export, education and medical; Fuel tax credit issues, mining and tourism; PAYG withholding and instalment.

Other Taxes – Capital Gain Tax, Fringe Benefit Tax, Land Tax and Stamp Duty Buying, selling and keeping assets such as property might involve Capital Gain Tax, Land Tax and Stamp Duty. Fringe benefit tax can be incurred when employer provide benefit to employee in place of salary or wages. We have excellent experience in these regimes.

Non-resident Tax Issues – No matter you are a multi-national organisation or an individual holding significant investor visa or temporary visa such as 188, 457, 820 etc, we have enormous experience in these areas.

LINKED TO TAX PLANNING

Tax Planning During the years of public practice, we find tax planning is an efficient way to legally cut down client’s tax payment. A good tax plan needs the full picture of the client even their family. Our boutique approach enables us to create a friendly communication environment and tailor the planning for each client with their goals as our prime focus.

LINKED TO FINANCIAL STATEMENTS

Financial Statements We prepare Financial Statements for SME’s. This information can be used to satisfy the requirements for a company’s annual return with ASIC.

LINKED TO GOVERNANCE & COMPLIANCE

Payroll Tax and End of Year PAYG summary We advise on employer’s payroll tax obligation and serve for end of year employee PAYG summary and statement.

Review of Company Statements and Meeting Minutes and general maintenance of information of Company information with ASIC.

Advice on insurances SMEs should consider to protect their business.