Taxation Central Coast

Central Coast Taxation

NLJ Partners delivers business taxation services from our Wyong office, supporting Central Coast businesses with accurate tax reporting and compliance across various structures, including companies, partnerships and sole traders.

We prepare and lodge business tax returns tailored to your entity type. Services include accurate income reporting, deductions, and lodgement to meet ATO deadlines and requirements.

We assist with capital gains tax (CGT) calculations and cryptocurrency reporting. This includes asset records, event timing and compliance with changing tax regulations.

Fringe benefits tax (FBT) and payroll tax reporting are managed in line with state and commonwealth laws. We help ensure businesses meet thresholds and submit required documentation.

Structured, Compliant Reporting

We support businesses with tax services tailored to individual needs, helping identify reporting needs and lodge accurate returns. All work is carried out in line with ATO and ASIC requirements.

Our tax services are backed by qualifications and a clear understanding of changing tax obligations. Call (02) 4393 2733 to speak with an accountant about your tax needs. We offer virtual consultations for remote clients.

Crypto Tax

Cryptocurrency transactions are subject to Australian tax law, including capital gains tax (CGT) and, in some cases, income tax. The ATO requires businesses and individuals to keep accurate records of all crypto-related transactions—such as dates, market values, and digital wallet addresses. Tax obligations can apply when disposing of cryptocurrency, exchanging it for other assets, or using it for business transactions. We assist with calculating gains or losses, classifying activities correctly, and lodging accurate reports in line with ATO guidance. Clear documentation is essential to reduce audit risk and meet compliance standards.

Capital Gains Tax

Capital Gains Tax (CGT) applies when an asset is sold, transferred, or otherwise disposed of at a profit. This includes shares, property, business assets, and cryptocurrency. Businesses must record the acquisition and disposal details, including dates, purchase price, sale price, and any associated costs. CGT is reported annually as part of your tax return, and different rules may apply based on the asset type and holding period. Accurate CGT calculation is critical for compliance and may affect overall tax liability. We help clients maintain correct records and apply the appropriate CGT discount or concessions, where applicable.

Fringe Benefits Tax

Fringe Benefits Tax (FBT) is a separate tax employers must pay on certain benefits provided to employees or their associates. Common examples include company vehicles, entertainment expenses, and low-interest loans. FBT is calculated based on the taxable value of the benefit and must be reported to the ATO annually. Businesses must maintain detailed records of all provided benefits, including usage logs and substantiation. Not all benefits are taxable, but it's essential to identify which ones apply and calculate them correctly. We assist with FBT reporting, record keeping, and lodgement obligations to ensure employers remain compliant with current legislation.

Sole Traders, Partnerships, Trusts & Companies

Each structure carries different tax obligations and reporting cycles. Sole traders report business income and deductions in their individual return and may pay PAYG instalments through the year. Partnerships and trusts lodge their own returns and allocate net income to partners or beneficiaries, requiring accurate records, resolutions and distribution statements. Companies lodge a company tax return at the corporate rate and must meet ASIC and director obligations alongside BAS, GST and PAYG reporting. We register the right obligations, prepare BAS and returns, and align distributions and documentation with governing rules to keep you compliant and informed.

Rental Properties

Rental income must be reported and expenses claimed correctly, with clear records for interest, council rates, insurance, agent fees and eligible repairs. Distinguish immediate deductions for repairs from improvements or capital works that are claimed over time, and keep cost-base records for future CGT when the property is sold. Private use or short-stay/holiday letting may require apportionment of expenses. GST generally does not apply to residential rent, while some commercial leases may involve GST depending on registration and lease terms. We set up practical record-keeping, integrate quantity surveyor depreciation schedules where provided, and prepare the relevant schedules so claims and CGT are calculated correctly.