SAVE TIME, MONEY, AND HEADACHES
Take the stress out of your business tax return
We understand the tax season can be stressful. But with Beany by your side, it doesn't have to be painful. Your dedicated Beany accountant will provide all the tax guidance your business needs. They'll also spend time with you to understand your business, help you minimise your tax liability, and structure your business for growth and risk mitigation.
Business tax return
If you're a business owner, you need to lodge a tax return every year. A tax return is a form that tells the government how much money you made and how much tax you owe. In Australia, the deadline for filing your tax return is the 31st of October each year if you're a self-filer. But if you're registered with an accountant, the deadline could be extended to 15th of May, the following year.
To prepare your tax return, it's important to keep your accounting records for at least 5 years. These records include invoices, receipts, bank statements, and financial reports. It's worth noting that understanding your business structure (sole trader, partnership, company, or trust) is crucial, as it affects how you report your income and claim deductions. For further information on tax returns, visit our blog on the facts to know when filing an Australian income tax return.
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What do you get with a Beany core package?
Dedicated AU-based accountant
Proactive information and alerts
See what our customers say
Accounting is like a chore to me. Using Beany means I’m still in control, but when I have a question it gets answered straight away. It’s all so seamless. Even though Beany is all online, I have a connection with my accountant, Rebecca. She makes me feel like family. Beany is easy, hassle-free, and always a step ahead.
Accounting was really daunting. Now, it’s booked in my schedule, but it's something I don’t stress about anymore. I have the peace of mind to focus on my business and am learning how to manage my accounting as I continue to work with Beany - which is ultimately what I’m paying for.
Big shout out to Chantal, my amazing talented tax accountant. She’s got a huge amount of patience, (which she needed with me as a client) and great technical understanding. I’ve appreciated your prompt responses and actions. Thank you for all your support over the last year in getting out my annual accounts.
When I need accounting support, I get it. Beany takes the pressure off me; they take away all the grind work and make the process efficient. You’re paying a reasonable rate and getting the best connection. It’s hard to find accountants that work and understand the not-for-profit space, so I always say check out Beany.
We spoke to lots of firms, looking for someone who understood small business and would take the time to get to know us. Julian solidified our choice; he’s a good listener, he didn’t talk over me, and offered valuable information. I always get a friendly response from the support team straight away and get extra info that I actually need.
Beany means I don’t have to deal with the headache of bookkeeping and accounting. I can go in at any time and see how we’re doing, whereas typical accountants wouldn’t interact with you until year-end. Everything is straightforward and uncomplicated. With Beany, you describe what you need and you can get it.
When I started InfluenceWorks, I felt confident within my industry knowledge, but super under confident around the financial side of things. My Beany accountant went above and beyond, giving me step by step instructions on everything I needed to set up and even giving me super helpful tips about things outside of the financial realm.
Getting set up on Beany was simple and painless, they even took care of the switch for us. Our accountant Jenny never hesitates to get involved or come up with solutions or advice for new or different scenarios that seem to regularly pop up. Unlike experiences with larger firms, we’ve always felt we get value for money; Beany isn’t low touch, low cost.