Industries
Get in touchTaxation And Financial Services Expertise In Your Industry
Our mission at Clear Tax is to make better taxation solutions accessible to businesses across all industries in Australia. We provide expert support to ensure your business meets your unique industry requirements, while our accurate advice can help you achieve your business goals.
Our business is making sure your business thrives, and we aim to make our financial and taxation services as accessible as possible. No matter what kind of industry or niche you work in, we’ll work to understand what will make you succeed. Following this, we’ll give you accurate strategies through which you can grow.
Aged Care
With a keen understanding of the Australian tax landscape, our accounting firm offers specialised support to aged care business owners, ensuring they navigate their tax obligations efficiently and capitalise on relevant concessions and benefits to thrive in the care sector.
Bar Owners
Our accounting firm, proficient in Australian tax law, provides tailored financial services to bar owners, helping them navigate complex tax requirements and take advantage of industry-specific concessions to ensure their establishment prospers.
Cafe Owners
Rooted in the nuances of Australian tax legislation, our accounting firm delivers bespoke financial solutions to café owners, aiding them in managing their tax obligations effectively while capitalising on applicable deductions and incentives to foster the growth and sustainability of their business.
Chiropractors
Our accounting firm, well-versed in the specific financial needs of chiropractors in Australia, offers expert tax guidance and personalised accounting services, ensuring you meet all compliance requirements while maximising your practice’s financial health.
Dentists
Drawing from our extensive experience with dental professionals in Australia, our accounting firm provides dentists with top-notch tax advice and financial services, ensuring compliance, maximising benefits, and fostering the financial growth of your practice.
Doctors
Working alongside doctors in Australia, our accounting firm offers invaluable tax advice and financial services, helping to navigate the complexities of medical practice finances while ensuring all compliance needs are met and financial growth is supported.
Osteopaths
Supporting osteopaths in Australia, our accounting firm provides insightful tax guidance and financial services, aiding in the management of practice finances, ensuring compliance, and contributing to the profession’s overall financial well-being.
Restaurateurs
Assisting restaurateurs across Australia, our accounting firm delivers effective tax strategies and financial services, designed to navigate the unique challenges of the restaurant industry, ensuring compliance and promoting the financial success of your culinary venture.
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Why Do Businesses In Different Industries Trust Us?
Genuine Business Support
We are more than just a tax accountant working in your industry — we also offer a range of ancillary services that can help your business thrive, including high-quality bookkeeping services, specialist financial advice and tailored business advisory.
Cloud-based Accounting Software
New ways and fields of working require solutions on the go. Our cloud-based accounting software solutions can generate real-time financial reports to give you accurate information anywhere, at any time.
Industry-Specific Solutions
Clear Tax accountants work with you to optimise your position, regardless of your industry. We can ensure that you claim all relevant deductions available to your business, while also investigating any new avenues for funding, like grants and tenders.
Accessible Industry Accountants
Our goal at Clear Tax is to make high-quality personal and business accounting accessible to everyone, in every industry. You can rely on us to provide impartial, specialist taxation and financial advice for your specific situation.
Frequently Asked Questions
What are some industry-specific tax incentives in Australia?
There are several industry-specific tax strategies that businesses can implement to optimise their tax position and maximise savings. Here are some examples:
Research and Development (R&D) Tax Incentive: Companies involved in research and development can claim an offset or refund for qualifying expenses.
Small Business Capital Gains Tax (CGT) Concessions: These concessions can include a 15-year exemption, 50% active asset reduction, or retirement exemption.
Export Market Development Grant (EMDG): Eligible expenses incurred on eligible marketing and promotional activities can be claimed for a cash refund or tax offset.
Fringe Benefits Tax (FBT) Exemptions: Certain industries, such as public hospitals, public benevolent institutions, and public ambulance services, may be exempt from FBT on certain benefits provided to their employees.
Film and Television Production Incentives: Location Offset, Producer Offset, and Post, Digital, and Visual Effects (PDV) Offset can provide significant tax benefits to the industry.
Primary Production Tax Concessions: The agricultural sector enjoys various tax concessions, including income averaging, immediate deductions for certain expenses, and exemptions for certain primary production income.
If you’d like to investigate any of the relevant options for your industry, get in touch with our team for a consultation.
What are some industry-specific superannuation strategies?
There are several industry-specific superannuation strategies in Australia. Here are some of the most important.
Salary Sacrifice Contributions in the Education and Not-for-Profit Sectors: Employees working in the education and not-for-profit sectors can take advantage of salary sacrifice arrangements to boost their superannuation contributions.
Superannuation Co-contribution Scheme for Low-income Earners: The government’s Superannuation Co-contribution Scheme is designed to assist low-income earners in boosting their superannuation savings.
Superannuation Guarantee (SG) Contributions in the Mining and Resources Industry: The mining and resources industry often offers attractive superannuation benefits to employees. This can include higher-than-standard Superannuation Guarantee (SG) contributions from employers.
Defined Benefit Schemes in the Public Sector: Some public sector employees, such as those in government departments, educational institutions, or public healthcare organisations, may have access to defined benefit superannuation schemes.
Self-Managed Superannuation Funds (SMSFs) for Business Owners: Business owners have the option to set up and manage their own superannuation fund through a Self-Managed Superannuation Fund (SMSF).
If you’d like to investigate any of these options, get in touch with our team for a consultation.
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