At WISTAX, we pride ourselves on making things simple for small businesses. In fact, with our premium package, you’ll receive a dedicated accountant who will look after your portfolio throughout the entire engagement process. This ensures that you always have a knowledgeable and experienced professional in your corner, ready to answer your questions and provide expert guidance.
Imagine having an accountant who is more than just a number cruncher, one who truly understands the unique needs of your business and works alongside you to provide tailored solutions. That’s what we believe an accountant should be, and that’s what you’ll find at WISTAX.
Our commitment to your success goes beyond just ensuring the timely lodgment of your activity statements and tax returns. We offer an extensive and holistic range of taxation and accounting services, designed to optimize your business structure for taxation purposes. By employing every legal strategy available, we help you maintain compliance while maximizing your tax returns.
But that’s not all! As a leading professional CPA accounting firm with offices in Inner West Sydney Ashfield, Northern Beaches Belrose, and Adelaide, we also have the expertise to help you supercharge your sales and expand your customer base.
Are you ready to take your business to the next level? It all starts with a free, no-obligation 15-minute telephone consultation with John and his team. Give us a call at 1800 841 312 today and discover how WISTAX can help you achieve your business goals.
Don’t settle for just any accountant – choose WISTAX and experience the difference of a true business partner.
There are tax advantages associated with loss carry forward. Losses carried forward can be used to reduce the next year’s net profit and reduce the taxes payable.
In order to be able to access the carry forward loss in a company, you need to meet the majority ownership test, if you can not meet this, then you need to meet the same business test or the similar business test. If you have any questions, please contact us at firstname.lastname@example.org
Consolidation enables a fully owned collection of entities to be regarded as a single entity when it comes to income tax considerations. In this arrangement, the head company of the consolidated group is the sole entity acknowledged for determining the group’s income tax liability.
Within a consolidated group, there are typically two categories of losses:
Group losses: These losses are generated by the consolidated group as a whole.
Transferred losses: These are losses that were incurred by an individual entity before it became a member of the group, and they are carried over and utilized within the consolidated group.