The retail industry in Australia is a vibrant sector that encompasses a wide array of businesses, from small boutiques to large national chains, all contributing significantly to the economy. Characterized by diverse revenue streams, seasonal fluctuations, and evolving consumer behaviors, managing finances in retail involves navigating inventory costs, sales tax, and changing market conditions.

Advanced Tax offers specialized accounting services tailored to the retail industry’s unique needs. We provide solutions for inventory management and cost control to optimize profitability, and our tax planning services help retailers efficiently manage their tax liabilities and take advantage of available credits and incentives. We also ensure compliance with evolving regulations and handle financial forecasting to support strategic decision-making. By partnering with Advanced Tax, retailers can focus on enhancing their customer experience and growing their business, while we handle the complexities of their financial management.

• Business expansion consulting
• Planning and structuring of business taxes
• Budgeting, profit forecasting, and cash flow forecasting
• Services related to compliance (income tax returns, BAS, financial statements, and fringe benefits tax)
• Bookkeeping and accounting services that are outsourced
• Reports from management
• Corporate administration (statutory recordkeeping, ASIC compliance)
• Business secretarial services
• Assurance, audit, and tax advice
• Finance and loans
• Estate preparation
• Planning for succession and exit