Accounting & tax — Company
Company Tax Return Accountant
Pty Ltd financial statements, company income tax return, Division 7A tracking, franking account, PAYG instalments and BAS coordination — prepared by a Chartered Accountant and registered tax agent.
- Small Pty Ltd
- Family company
- Investment company
- Trading company
- Director-owner
Eternity Group Accountants is a registered tax agent (TPB 25523469). Information on this page is general in nature and does not constitute personal tax advice. Before acting, consider whether the information is appropriate to your circumstances and seek advice from a qualified tax professional.
Scope of work
What's included in your company tax return.
A clean, defensible company return — financial statements, return, schedules and supporting workpapers — built on careful Division 7A and franking-account hygiene.
Financial statements
P&L · balance sheet · notes
Preparation of the year-end financial statements from your MYOB or Xero file (or trial balance). Reconciliations against bank, BAS, payroll and prior-year accounts.
Company income tax return
Form CTR · all required schedules
Full company return with depreciation schedules, capital gains schedule, franking account schedule, R&D schedule (if applicable), International Dealings Schedule (if applicable) and Reportable Tax Position schedule (if applicable).
Division 7A & shareholder loans
Loan agreements · MYR tracking · benchmark interest
Tracking of loans from the company to shareholders or associates, complementary loan agreements where needed, minimum yearly repayments, benchmark interest calculations, and documentation of the year-end position.
Franking account · PAYG · BAS
Year-round consistency
Franking account maintained from opening balance through every distribution and tax payment. PAYG instalments reconciled. BAS lodged quarterly (or monthly) consistent with the annual return.
Suited to
Company returns we prepare.
Small trading Pty Ltd
Single-director consulting, professional services and small trading businesses with revenue typically up to $5M. Annual financials, return, BAS coordination and director tax planning in one engagement.
Family-owned companies
Multiple directors and shareholders in the same family. Distribution decisions, franking strategy, Division 7A loan accounts and intergenerational planning considered together with each shareholder's individual return.
Investment companies
Companies holding portfolios of shares, managed funds or property. Capital gains, franking credit flow-through, retained earnings strategy and corporate tax rate testing each year.
Service / bucket companies
Service entities used alongside a trust or partnership, and bucket companies used to cap distribution tax rates. Inter-entity transactions documented, Part IVA awareness applied, and Division 7A loan accounts kept clean.
Process
From engagement to lodgement — typically 3–6 weeks.
Predictable, document-driven sequence. You always know what is next, what the fee covers, and when lodgement happens.
Scoping and engagement
A scoping call sets the engagement, the fixed fee and a tailored document checklist. We confirm director and shareholder details and the lodgement timeline.
Books cleanup
Trial balance reviewed, reconciliations confirmed, BAS positions verified, payroll summaries checked. Any open items are resolved before we draft the financials.
Financials & return
P&L, balance sheet and notes prepared. Company return drafted with all required schedules. Division 7A and franking account positions documented.
Director review
Draft sent with a clear summary of the company's tax position, any Division 7A balances, and indicative dividends or distributions. You review, ask questions, and confirm before lodgement.
Sign-off and lodgement
Signed return lodged through the tax-agent portal. Lodgement confirmation, finalised financials, and a copy of the workpapers issued for your records.
Forward planning
A short forward-look conversation: PAYG instalments for next year, anticipated distributions, refinance or expansion plans that affect the next return.
Frequently asked questions
Company tax return — common questions.
A company return engagement typically includes preparation of the financial statements (P&L and balance sheet), the company income tax return, tracking of the franking account, review of Division 7A loan accounts where applicable, PAYG instalment reconciliation, and coordination with BAS lodged during the year. A fixed fee covering scope is confirmed in writing before work starts.
Related
Where this fits in the bigger picture
A company return rarely sits in isolation. The director's individual return, the company's tax-planning posture, and any lending against the company or its assets all connect.
- Tax & Accounting
Individual tax return
Director and shareholder individual returns prepared alongside the company return — dividends, franking credits and Division 7A balances reconciled both sides.
- Tax & Accounting
Tax planning & strategy
Forward-looking strategy across the company and its owners: distribution timing, super contributions, structure reviews, pre-30-June actions.
- Tax & Accounting
Trust tax return
Where a family or unit trust sits alongside the company — as trustee, beneficiary or part of the group — the returns and distribution positions are prepared together.
- Tax & Accounting
Partnership tax return
For groups that include a partnership, the partnership return and each partner’s share are reconciled alongside the company position.
- Tax & Accounting
FBT return
If the company provides cars, entertainment or other benefits to employees, the Fringe Benefits Tax return is prepared alongside the company return.
- Guide
Guide: company vs trust
A plain-English comparison of companies and discretionary trusts — tax treatment, asset protection, the CGT discount, losses and compliance cost.
- Guide
How One Roof works
The same practitioner scopes accounting, tax and lending together. Read how the engagement runs end-to-end.
- Local
Get in touch
Book a scoping call. We confirm fit, timeline and fee before any engagement letter is signed.