RPS Accountants & Business Advisors
Tax Accountants in Somerton, VIC
Accounting support for Somerton businesses
Running a business in Somerton keeps you busy enough. Between jobs, staff, suppliers and customers, the accounts are usually the last thing you feel like touching at the end of the day.
You are not alone. Most of the business owners who walk through our door say the same thing: the money side of the business has grown past the point where a spreadsheet and a shoebox can handle it.
The good news is that this is exactly what we do. RPS Accountants supports businesses across Somerton and Melbourne’s north with tax, bookkeeping, BAS and practical advice. We are a registered tax practice led by Ravinder Paul Singh, a Chartered Accountant and registered tax agent with extensive experience across personal and corporate accounting, and we work with the trades, transport, warehousing and family businesses that keep Somerton moving.
BAS, GST and bookkeeping made simple
Does your BAS deadline sneak up on you every quarter? It does for most owners.
Here is how we take that stress away. We set your bookkeeping up properly in a cloud platform like Xero or MYOB, so your invoices, expenses and payroll flow in automatically instead of piling up. From there, your GST is tracked as you go, not reconstructed in a panic the week the BAS is due.
Then, as registered tax agents, we prepare and lodge your BAS for you. On time, every quarter, with figures you can rely on. If you are behind on a BAS or two right now, do not worry. We catch you up, deal with the ATO about any penalties, and set up a rhythm so it never happens again.
Sole trader or company? We cover both
Some accountants only want the big end of town. We look after Somerton businesses at every stage, from a one person ABN to a company with staff and vehicles on the road.
For sole traders
Your business income and personal tax return prepared together, so nothing is missed. We handle your deductions, vehicle and tool claims, BAS if you are GST registered, and quarterly PAYG instalments, and we tell you how much to put aside so tax time never hurts.
For companies
Company tax returns, financial statements, payroll and super obligations, and director responsibilities handled properly. We keep ASIC and the ATO satisfied, and give you clear advice on wages versus dividends so you are not paying more tax than you need to.
Which business structure suits you best?
This is one of the most common questions we get in Somerton, and one of the most important. Your structure affects how much tax you pay, what happens if something goes wrong, and how easily you can grow.
There is no single right answer, but here is the honest starting point:
| Structure | Best suited for | Worth knowing |
|---|---|---|
| Sole trader | Starting out, low risk work, keeping costs down | Simple and cheap, but you are personally liable and taxed at individual rates |
| Partnership | Two or more people sharing a business | Income splits between partners, but each partner shares the liability |
| Company | Growing businesses, higher turnover, taking on risk | Flat tax rate and limited liability, with more reporting to ASIC and the ATO |
| Trust | Family businesses and asset protection | Flexible income distribution, but needs careful setup and ongoing advice |
The right structure depends on your income, your family situation and where you want the business to go. Sit down with us for a consultation and we will walk you through the options in plain English, with real numbers for your situation, before you commit to anything.
Let us manage your ATO obligations
Every Australian business owes the ATO a steady stream of lodgements, and missing one is the fastest way to turn a good year into a stressful one.
As your registered tax agents, we take the whole calendar off your plate:
- Annual tax returns
- Quarterly BAS
- PAYG instalments
- Payroll & STP reporting
- Superannuation deadlines
- ASIC annual statements
We track every due date, lodge everything on time, and warn you well in advance of what is coming, so there are no surprises and no late penalties. And if the ATO ever contacts you about a review, a debt or a letter that makes no sense, you simply forward it to us. We speak to them on your behalf, and you get on with your day.
Frequently Asked Questions
Are you a registered tax agent with the TPB?
Yes. RPS Accountants is registered with the Tax Practitioners Board, Registered Tax Practitioner No. 26161185. Our principal, Ravinder Paul Singh, is a Chartered Accountant and registered tax agent. That registration matters: it means we are legally authorised to lodge on your behalf, bound by a professional code of conduct, and you receive protections that do not exist when a friend or an unregistered bookkeeper does your tax.
Can I get an appointment this week?
In most cases, yes. We keep appointments available each week for new Somerton clients, and same day slots are sometimes available if you call in the morning. You can meet us in person at our Epping office, about ten minutes from Somerton, or book a phone or video consultation and sort everything without leaving your workshop or office. Booking only takes a few minutes.
How do you help maximise my deductions legally?
By asking better questions and keeping better records. We go through your business line by line: vehicles, tools, equipment, home office, interest, insurance, depreciation on larger assets, and the industry specific claims most people never hear about. Everything we claim is backed by ATO rules and proper documentation, so your deductions stand up if the ATO ever looks closely. Bigger refunds are good. Refunds you never have to give back are better.
Talk to a Somerton tax accountant today
Book a consultation and get clear, plain English advice on your tax, BAS and business. It only takes a few minutes to book.