Trade Professional Services
LTA understands that tradies are skilled in their trade and not accounting, let alone finding the time to do all the bookkeeping and related activities. LTA provide a number of services to support and assist the Trade Professional.
Trade Professionals supported by LTA
- Electrician
- Plumber
- Carpenter
- Fitter & Turner
- Boilermakers/Welder
- Mechanic
- And other trades recognised in Australia
Trade Professionals services provided by LTA
Subcontractor Services
Bookkeeping
- Customer invoicing
- Debt collection
- Payment of supplier invoices
- Payment of subcontractors
- Payrol processing including Single Touch Payroll (STP)
- Quarterly GST returns
EOY Tax & Reporting
- Preparation of tax returns for companies/sole traders/trusts/partnerships
- Balance sheet items
- Profit & Loss items
- Preparation of Taxable Payment Annual Report (TPAR)
Employee Reporting
- Preparation of annual PAYG summaries (group certificates)
- Payment of superannuation
- Draft employment letters of offer
- Registration for Long Service Leave for workers and employers
- Lodgement of Long Service Leave returns for workers and employers
icare Workers Compensation
- Registration for icare
- Estimate of wages
- Declaration of actual wages
- Treatment of subcontractors for workers compensation insurance
Employee Services
Tax Return Deductions
- Use of car to carry tools to and from workshop
- Use of car to travel to offsite jobs
- Depreciation of tools
- Deduction for union fees paid
- Purchase of logoed work uniform, including safety hats/gloves/boots
- Deduction for TAFE and university expenses