At Ace Biz, we specialize in helping Australian businesses save tax.
Our team of experts has extensive knowledge of tax laws and regulations, and we use this to provide customized solutions that meet the unique needs of each client.
We offer tax planning, compliance, and advisory services to ensure our clients pay the lowest amount of tax legally possible.
Tax Planning
Our experts can assist in developing a tax plan that takes advantage of all available deductions, offsets, and other tax-saving strategies.
Compliance
Ensuring compliance with tax laws and regulations is crucial to avoiding penalties and maximizing tax savings. We help your business stay up-to-date with tax requirements and regulations.
Advisory services
We advise on everything from tax-effective investments to international tax planning, helping businesses to achieve their financial goals while minimizing tax liabilities.
We recently assisted a client with their tax return, which included an investment property. During our consultation, we asked if they had a depreciation report for the property. The client didn’t have one, but was happy to get one on our request. By amending their tax returns for the past four years, we were able to claim depreciation and secure a hefty refund for the client.
But that’s not all. The client also asked us to prepare a tax return for their spouse, who had previously been a homemaker but earned income in the current year. Upon reviewing the spouse’s prior year returns, we noticed that they hadn’t entered the rental losses from the investment property. By combining those losses with the depreciation, we were able to secure an additional refund of approximately $15,000 for the client.
Ace Biz used tax forecasting to identify savings opportunities for a manufacturing company struggling with high tax bills.
By reviewing financial data, they recommended strategies such as restructuring subsidiaries and changing inventory methods. The company saved thousands in taxes in the first year alone and continued to see savings and improved financial performance.
Ace Biz’s expertise in tax law allowed for proactive tax planning and identifying opportunities for savings.