Managing the taxation and compliance obligations of strata companies can be complex and time-consuming. Strata entities have unique tax treatments, regulatory requirements, and reporting obligations that differ from typical businesses.
Our specialised strata tax services are designed to support strata managers, body corporates, and owners corporations with reliable and efficient compliance solutions. We ensure your strata entities meet all Australian Taxation Office (ATO) requirements while reducing administrative burden and compliance risks.
We work closely with strata managers to streamline tax reporting, improve compliance processes, and ensure all obligations are met accurately and on time.
Our Strata Tax Services
BAS Preparation and Lodgement
We prepare and lodge Business Activity Statements (BAS) for strata companies that are registered for GST.
Our BAS services include:
- Preparation and review of BAS
- GST reconciliation with strata accounting systems
- Verification of supplier GST registrations
- Identification of eligible GST credits
- Electronic lodgement with the ATO
- Ongoing compliance monitoring
Accurate BAS reporting ensures strata companies meet their GST obligations and avoid penalties. Proper reconciliation also ensures the financial records accurately reflect GST payable or refundable.
Company Tax Returns (CTR) and RNN Lodgements
The tax treatment of strata companies depends on the type of income earned. Some strata schemes may only need to lodge a Return Not Necessary (RNN), while others must lodge a full company tax return.
Our services include:
- Preparation and lodgement of company tax returns
- Lodgement of Return Not Necessary (RNN) forms
- Review of strata income sources
- Identification of allowable deductions
- Carry-forward of tax losses
- ATO correspondence management
We ensure the correct tax treatment is applied based on the income type and structure of the strata company.
Australian Professional Accountants 