Services Tax & Accounting
Tax can be seen either as a mandatory evil or as an opportunity. Businesses are required by the ATO to submit a Business Activity Statement (BAS) on either a monthly or quarterly basis, to report and pay goods and services tax (GST), pay as you go (PAYG) instalments, PAYG withholding tax and other obligations.
We provide the guidance and advice around what needs to be declared and claimed to ensure you do not get caught out by "the tax man".
How can we help?
- Individual tax returns
- Sole-trader / Partnership tax returns
- Company & Trust tax returns
- SMSF tax returns
- Goods & Services Tax (GST)
- Business Activity Statements (BAS)
- Fringe Benefits Tax (FBT)
- Pay As You Go Withholding and/or Instalments (PAYG)
- Income tax
- Payroll tax
- Capital Gains Tax
- Land Tax
- Stamp duty
- Medicare levy
- Other taxes
Financial hardship is an incredibly stressful event. In some cases, your tax debt can be traced back to you personally, exposing your personal assets like the family home. There's no escaping paying taxes, but paying more than you need to can erode the gains your financial plan is making.
We look for win/win tax solutions for you and the tax office to fix your tax debt so that your financial health recovers and can be restored.
Successful tax planning strategies centre around three themes: reducing income, increasing deductions and utilisation of the lower tax rates available. It involves looking at all elements of your financial arrangements to see where there are opportunities to improve your position, from ensuring you claim all of your entitlements, to personal superannuation contributions and paying for income insurance personally.
How can we help?
- Plan your cash flow
- Consider tax payment dates
- Deductible super contributions
- Write off bad debts
- Timing of invoices
- Small business concessions
- Audit Insurance protection
- Negotiations with ATO
- Tax debt payment plans
- Restructuring
- Turnaround management
- Insolvency
We know that financial stability means growth. Accurate and systematised bookkeeping is one of the simplest ways to help your business be better off.
We've been recognised as a Xero Platinum Partner and we are a Xero Certified Advisor, meaning we work with a large portfolio of Xero clients who specialise in a range of different industries.
How can we help?
- Xero setup
- Xero training
- Xero Add-on's
- Automatic bank feeds/bank reconciliation
- Enter & pay your bills
- Online invoicing
- Payroll
- Single Touch Payroll (STP) Compliancy
- Clear reporting
- Powerful integrations
The Federal Government has introduced measures to support businesses through the Coronavirus crisis.
We are supporting our clients through this critical time to access the current Government support applicable to them.
How can we help?
- JobKeeper applications
- JobSeeker applications
- Project overall team and resource strategies
- Apply for subsidies
- Plan out cashflow options
Get control of your money rather than it being in control of you. Cash flow is the money coming in from income, and going out from expenses on a monthly basis.
Cash flow management and planning is one of the key aspects to your overall financial planning strategies now, and into the future. What you need to live on today is not usually reflective of what you will need once you reach retirement.
How can we help?
- Plan out cash flow options
- Budgeting
- Cash flow management
- Cash flow tracking
Budgets are a vital management tool that allows business owners to monitor the financial impact of their business decisions and operational plans. Business results are monitored against the budget so business owners can track whether their business is achieving goals and remaining profitable.
How can we help?
- Gain control of finances
- Monthly reporting
- Ensure budget is aligned to business goals
Payroll tax obligations are often overlooked by businesses. It is a self-assessed State and Territory tax assessed on wages paid or payable by an employer to its employees, when the total wage bill of an employer exceeds a threshold amount.
Many employers make a mistake when assessing their liability for payroll tax by not including all liable payments. Any remuneration paid or payable by an employer to an employee for services provided are liable for payroll tax.
On the other hand, land tax is an annual tax payable by owners of land. You may need to pay land tax if you own, or jointly own, any property in NSW that is not your principal place of residence or other exempt land as at 31 December and the total taxable value of your land is greater than the land tax threshold.
How can we help?
- Payroll tax problems
- Payroll tax audit assistance
- Payroll tax compliance
- Grouping provisions
- Land tax
- Land tax rates and thresholds
A Chief Financial Officer (CFO) can help you to prepare for the various stages of your company's growth, whilst minimising risk areas along the way.
With a CFO, you gain access to the insights and big-picture strategic thinking of experienced financial professionals that will help your business to be better off.
How can we help?
- Manage business cash flow
- Financial modelling
- Cash flow forecasting
- Key financial reporting
- Financial management
- Business exit planning
- Growth planning
- Strategic financial advice
- Systems & processes
Successful Family Office can be a great advantage and gift to pass on or inherit from your loved ones. There are delicate complexities that should be carefully and formally navigated to ensure the protection of emotional, financial and relationship interests of all family members.
Our experience spans generations of Family Office management, and it is our aim to advise the best outcomes to support the whole family to be better off.
How can we help?
- Estate planning
- Trusts
- Tax structures
- Investments
- Philanthropy
- Succession planning
Professional Associations
Team Who can help
Add a Xero to your bottom line.
See your cashflow in real-time with online billing, banking and accounting. Talk to us about set-up, migration & training.
