Accounting & Taxation
We can assist in minimising your tax. The taxation and financial reporting systems are complex and cumbersome. Our intimate knowledge of all taxes, coupled with pro-active tax planning strategies, will ensure your optimum tax position is met. This begins with the appropriate tax structure for your business (company, trust, partnership or sole trader) and is an ongoing challenge for which we can ease the burden. The right planning early on can save a lot of tax over the life of your business.
Business & Strategic Planning
It has often been said that “a business who fails to plan, plans to fail”. We assist our clients to develop, prepare and monitor their business and personal plans. It is essential that new and existing businesses prepare plans including cash flow forecasts, and continue to monitor Key Performance Indicators (KPI’s).
We can also assist in developing strategic plans for your business including wealth creation, taxation and superannuation strategies.
We are available to mentor clients and assist them in planning and achieving their goals.
Increasingly superannuation is forming a larger part of people’s retirement nest egg. The Federal Government has been making the growth of
wealth via superannuation more tax attractive. Unlocking the tax benefits can sometimes be complex.
Our financial planning team can assist in providing advice on all facets of superannuation from the contribution phase to the retirement phase.
We can, where appropriate, set up a self-managed superannuation fund to be the custodian of your superannuation assets.
We can assist with all the administration, reporting and compliance issues.
Goods & Services Tax
This tax has a major impact on businesses and property undertakings.
We can provide advice and assistance with the GST implications of business transactions, GST planning and registration.
We provide preparation and reporting assistance with your Business Activity Statement (BAS).
Software & Bookkeeping
Every business needs up to date and accurate financial reporting. We provide a full range of bookkeeping services from helping you choose the appropriate accounting software for your business, to installation, setup & training, right through to producing the appropriate timely reports you can use to keep track of your key performance measures.. Based on your particular requirements we can tailor a solution for you or provide advice on your options.
Many day to day business or personal transactions can trigger taxation implications that fall outside of the general income tax system.
We can help you understand and comply with other state and federal taxes including:
- Capital gains tax – Planning opportunities exist to drastically reduce and even eliminate tax on capital gains.
- Fringe Benefits Tax (FBT) – Opportunities exist to add value to how employee benefits are packaged.
- Payroll Tax – More and more businesses are exceeding the threshold – don’t get caught out.
- Land Tax – Investing in property often results in low land tax thresholds being exceeded, attracting tax.
- Foreign Tax – Income earned overseas by Australian residents may attract Australian tax as well as tax overseas!
Financial & Retirement Planning
The achievement of investment and retirement goals requires planning. Wealth creation is a long-term and ongoing matter which requires attention.
Will you have enough income in retirement to provide for your lifestyle? Bill Chaseling is our in-house financial planner and has been providing advice for over 15 years.
We offer a full range of planning and advice services including:
- Retirement planning – how much money is enough?
- Tax effective planning
- Superannuation planning and structuring
- Investment selection, placement and monitoring
- Wealth creation advice and strategies
- Risk Insurance – most people have inadequate life and income insurance
- Estate planning
Our team is able to provide strategic financing advice. Borrowing funds for business requirements is often an ongoing task for businesses.
We can assist with planning of and selection of funding options for business transactions. We also assist with finance applications and dealing
with financial institutions and funding providers.
We also assist with superannuation lending (instalment warrant) applications.