For small businesses
In an ever-changing regulatory environment, let us take care of your tax compliance and obligations so you can focus on other areas of your business.
In an ever-changing regulatory environment, let us take care of your tax compliance and obligations so you can focus on other areas of your business.
Easily track your business expenses year-round so you’re all set for tax time. QuickBooks automatically categorises expenses and keeps them organised in one place. It’s never been easier to claim the deductions you deserve.
Save hours on tax prep and lodge BAS directly from your QuickBooks account. No more complicated forms to fill in, no more ATO or MyGov portals to log in to. Simply prep, e-lodge your activity statements, and done!
QuickBooks can help to track and calculate your tax obligations. For example, QuickBooks Cash Flow can help you forecast your tax liability when preparing and paying your BAS. QuickBooks will also let you know how much you owe and when payments are due; so you’ll be able to lodge your BAS quickly and easily.
QuickBooks can help you determine when you need to add GST. You can also investigate issues with your BAS by generating reports such as ‘Transactions without GST’ and ‘Transactions by tax code’.
QuickBooks Online creates a BAS summary for you to review before you lodge. You’ll be notified of any changes to old transactions and if they carry over to your next summary.
You can save hours on tax prep with QuickBooks Tax. Simply import your clients’ BAS and workpapers with QuickBooks Tax (powered by LodgeiT), prepare the financial reports and lodge directly with the ATO.
QuickBooks Online uses artificial intelligence (AI) to automate data pre-filling, broad system integration and intelligent error checking technology. This will allow you and your team to increase productivity by staying on top of your taxes with ease.
Streamline your tax and BAS workflows and enjoy the flexibility of lodging BAS online. By providing anywhere, anytime access to your team members working remotely, you can reduce onsite server costs and maintenance.
Import data directly from QuickBooks Online, MYOB, Xero, Reckon and Excel to save time and minimise data entry. Power through your BAS workflow with direct integration between the QuickBooks Online BAS Centre and LodgeiT.
Automated workpapers help you reconcile key accounts on a monthly, quarterly or yearly basis. Intuitive navigation helps you identify which workpapers have been completed and approved. The in-built calculators also help you substantiate and validate a range of financial statement balances.
Reduce turnaround times for BAS and tax client approvals by enabling your clients to sign their forms electronically.
QuickBooks is the only accounting software that can reliably and automatically calculate mileage for tax purposes. This is achieved by tracking kilometres with a smartphone GPS and seamlessly linking the data to the QuickBooks mobile app. According to the Australian Taxation Office (ATO), an individual can claim up to $780 in potential tax deductions* for every 1000 km driven (up to 5000 km).
QuickBooks offers the highest level of multi layered security to keep your client data safe. Hosted on Amazon’s enterprise-grade facilities in Australia and conforming to the global Information Security Management Standard, rest assured that your client data is well protected. Every login also requires a two-factor authentication (2FA) to prevent unauthorised access.
Leverage a range of calculators including depreciation, hire purchase, borrowing costs, rental properties and more, to support your tax preparation.
Meet your clients’ compliance needs You can access all form types available from 2011 onwards (with the exception of the individual form type, which is available from 2015).
Simplified workflows Finalise your clients’ books on a single screen using the Prep for Taxes functionality in QuickBooks Online Accountant. Compare current and prior year balances and dynamically drill down to any transaction to correct allocations in one go. Once finalised, simply transfer the data directly to the tax return in LodgeiT.