Cameron Patterson & Co.

Our team undergoes intensive training and a rigorous update program to give you the best advice. Tax can also be a major component of your expenditure.  For both businesses and individuals, it is often one of the biggest single expense items, if not the biggest of all. If you receive a salary, you probably focus on the value of your remuneration package and the net pay that lands in your bank account each payday. If you are in business, company tax you pay is only part of the picture.  You make payments to the ATO that aren’t explicitly listed amongst expenses in your P&L.  Examples of these are PAYG Withholding, net GST, and FBT. In other words, the ATO is probably one of your biggest “suppliers” that you make payments to. Given the relative scale of these disbursements, it’s a good idea to make sure things stay on track, and that you are only paying what you need to.