Tax & Accounting. Corporate & Business Advice. Family Wealth Management.
Audit and Assurance
Technical excellence in a wide range of industry sectors.
Self Managed Super Funds
Administration and consulting for Advisers & Trustees.
Annual Accounting
Accounting Information Checklist: We will provide an appropriate checklist of records, documentation and information required for the preparation of your financial reports and related tax returns.
Cash Book Preparation: Preparation of your cash books to record your receipts and payments in the manner determined by us to be most appropriate and efficient. This may be manual, computerised or by utilising BankLink.
BankLink Facility: An electronic copy of your bank statement will be downloaded from your financial institution directly to us. We will then encode transactions and enter them direct to your general ledger.
MYOB Accounting Package: We are authorised providers of MYOB Accounting software, a versatile accounting system designed for small/medium sized business. We will assist with installation, training, processing and production of reports.
Financial Reports: Preparation of financial reports, including a statement of financial performance, income/expenses (profit/loss), statement of financial position (assets/liabilities/equity) and supporting explanatory notes. We apply high professional standards to ensure the accuracy and reliability of the information disclosed in these reports.
General Ledger Maintenance: Maintenance of your general ledger, capturing your financial transactions from all sources and dissecting them between different categories of income, expenses, assets, liabilities and proprietors equity.
Journal Adjustments: Preparation of journal entries for all transaction not captured by your general ledger from a direct source. These may include non-cash transactions and balance date adjustments.
Account Reconciliation and Verification: Preparation of a sophisticated set of working papers that support the information contained in your financial reports. They will capture calculations and sources of information relied upon together with explanations of accounting data.
5 Year Performance Comparative: A 5 your performance comparison which allows analysis of trends over an extended period to enhance business decision making.
Cash Flow Reports: A statement of cash flows provides a vital analysis of the most important aspects of your business where did the money come from and where did it go. We will provide this important report on a monthly, quarterly or annual basis.
Financial Performance Analysis/Ratios: Provision of an analysis of your performance over the last year to assist in evaluation the overall well-being of your business and identification of symptoms that require remedial action.
Business Performance Benchmarking: We have access to key financial information that will allow the comparison of your business to those of your industry peers. We will compare your results to these benchmarks to ensure you are competitive and are progressing towards business excellence.
Management Reporting
Preparing and Monitoring: Preparation of monthly/quarterly statements of financial performance for your business to enable timely monitoring and informed decision making. Where appropriate, these may include divisional, product and activity based reports.
Key Performance Indicators: Assistance with the identification of the key drivers of your business performance and the measurement of these KPIs on a monthly/quarterly basis.
Budgets and Forecasts
Profit Plan: A 12 month profit plan and cash flow projection which will enable the measurement of your actual performance against the strategies you have set at the commencement of the year.
Income Tax
Taxation Return Checklist: An appropriate checklist of records, documentation and information required for the preparation of your tax return.
Tax Return Preparation: Accurate preparation of your tax return to ensure all income is properly disclosed and your entitlements are captured.
Tax Return Lodgment: Ensuring your tax return is lodged by its due date and processed as quickly as possible.
Assessment Review: Your assessment will be reviewed by us before we forward it to you to ensure that all calculations are correct.
Capital Gains Tax
Asset Register: Maintenance of a register of all your assets to assist with the Capital Gains Tax implications upon disposal and to ensure compliance with the record keeping requirements of the law.
Cost Base Calculations: Establishment of the cost-base on acquisition and any Capital Gains Tax events during the life of your assets to enable the accurate calculation of any Capital Gains Tax upon disposal.
Disposal Tax Schedules: Upon the disposal of assets we will prepare the schedules necessary for inclusion with your income tax return to accurately determine any capital gain or loss. These schedules may also be prepared in anticipation of a disposal to determine any Capital Gains Tax implications.
Goods and Services Tax
Compliance/Records Review: Maintenance of your records of receipts, payments and other relevant transactions to facilitate the preparation of accurate and convenient Business Activity Statements for lodgment with the ATO. From these records we will also provide you with up-to-date cash flows reporting.
Business Activity Statements: Preparation of statements that not only fulfil your reporting obligations but also ensure you are receiving your full input credits entitlement.
Annual Reconciliation: Our GST reconciliation process will verify that all debts have been paid, all refunds returned and that your Business Activity Statements match your accounting and ATO records.
Installment Activity Statements: Preparation of statements that will ensure you fulfil your obligations by the due date and accurately pre-pay your income tax for the ensuring year.
Fringe Benefits Tax
Compliance/Records Review: A thorough review of your records to identify all fringe benefits provided to employees and to ensure that all relevant information is being retained and captured to fulfil your FBT reporting obligations.
Employee Declaration: Identification of all required declarations and assurance that declarations are being prepared in the required format and are obtained by the due date of the return.
Return Preparation: Provision of your Fringe Benefits Tax return, accurately and in accordance with FBT reporting obligations and assurance that the return is lodged on a timely basis.
Reportable Fringe Benefits: We will ensure that, where applicable, employers have included the grossed-up amount of reportable fringe benefits on the annual payment summaries of their employees. If required we will also provide assistance in the calculation of these reportable fringe benefits.
Employee PAYG
Compliance/Records Review: A thorough review to ensure that you are maintaining all your employee records accurately to fulfil your PAYG deduction, payment and reporting obligations.
Statement Preparation: Preparation of your annual employee PAYG summary statements to accurately record wages, tax and entitlements paid during the year.
Business Activity Statements: Upon completion of your BAS we will verify that all employee obligations have been correctly recorded and paid, and that your Business Activity Statements match your accounting and ATO records.
Termination of Employees: We will assist with the calculation of employee entitlements on termination and attend to relevant documentation (including ETP Statements).
Superannuation Guarantee Contributions
Compliance/Records Review: A thorough review ensuring that you are fulfilling all of your Superannuation Guarantee obligations and that your records are accurate and compliant.
Annual Reconciliation: From your payroll records, we will reconcile your Superannuation Guarantee Contributions to ensure that the correct amount is being paid and that your payroll system is calculating the SGC correctly.
Choice of Fund Compliance: If your employees are eligible under the Choice of Fund Legislation, we will conduct a review to ensure that your procedures, records and systems are compliant and accurate.
Payroll Tax
Compliance/Records Review: A review of your records to ensure that any Payroll Tax obligations are being met in accordance with the Act.
Return Preparation: We will prepare or provide assistance in the preparation of monthly returns and ensure lodgment within the prescribed time.
Annual Reconciliation: We will reconcile Payroll Tax paid to gross wages and other relevant payments/benefits for the year as a basis for preparing and lodging the annual reconciliation.
New Client Tax Return Review
Tax Return Review: A thorough review of the accuracy of your prior income tax returns, ensuring appropriate disclosure and compliance with the law.
Estate Planning
Review of Wills: A review of your Will to verify that it is suitable for your current circumstances and that the Will accurately reflects your wishes. We will assist you to minimise the risk of disputes and to avoid your family suffering financially. We will further assist by drafting instructions to your lawyer for the preparation of a new will.
Estate Tax Planning: We will provide advice and strategies to maximise the use and enjoyment of your assets while you are alive, as well as minimise the tax impact upon transfer of your assets to beneficiaries.
Synergise Wealth Succession: Often the accumulation of wealth does not occur within the actual estates of individuals but exists within corporate entities, trusts, superannuation funds and the like. We will assist to ensure that your estate planning intentions are achieved in relation to assets not controlled under your Will through appropriate elections, nominations or, if necessary, amendments to constitutional documents.
Executor of Deceased Estate: Upon request we will act as executor of your estate, ensuring that your instructions are carried out as per your Will. We will assume responsibility for areas such as instructing lawyers to obtain probate, the administration and distribution of assets to beneficiaries, collection of any moneys due, paying debts, duties and expenses, preparing tax returns and protecting business interests.
