Preparing taxes can be a daunting and time-intensive process. As the Tax Office intensifies its focus on compliance, missing details on your tax return—whether by accident or not—can lead to significant repercussions. With over 40 years of combined experience in tax return preparation, we will ensure that every eligible dollar is considered and claimed.
There are several advantages to owning an investment property, including deductions for negatively geared properties. We specialise in ensuring you understand and maximise the Tax Benefits while owning the Investment property.
Australian Tax Residents are generally taxed on all worldwide Income, and this can include but is not limited to the following:
• Income from overseas employment and personal services
• Income from assets and investments
• Capital gains on overseas assets
• Overseas Pension
• Overseas Dividend and Interest
Capital gains tax preparation includes calculating the profit or loss from selling assets such as property, shares, or investments. This process entails accurate record-keeping, which includes maintaining detailed information about both the purchase and sale of these assets to determine the taxable amount. Our team ensures proper planning and applies relevant deductions to help reduce tax liability while maintaining compliance with regulations.
We ensure that all income distributions from Managed Funds, such as dividends and interest, are accurately recorded. We also analyse the tax implications, including capital gains tax, to minimise liability. Finally, we ensure that all required compliance is met in accordance with the latest tax regulations.
Cryptocurrency can potentially be a complex matter. We have in-depth experience analysing cryptocurrency transactions to determine tax implications and minimise any liability that may arise from dealing in cryptocurrencies.
Non-residents are required to lodge a tax return if they earned income in Australia or from Australian sources. This includes income from employment, business activities, rental properties, and investments within Australia. Not lodging a tax return can lead to penalties and interest on any unpaid taxes. Our team is available to help determine your tax obligations and ensure your return is submitted accurately and on time.
If clients find themselves unable to meet their ATO debt by the due date, we proactively engage with the ATO to negotiate a customised payment plan that suits their individual needs. Whether it’s structured weekly, fortnightly, or monthly, we prioritise creating terms that are not only manageable but also fully compliant with ATO requirements.
Starting your own business can be both an exciting and daunting experience. It is crucial to structure your business correctly from the very beginning. We offer guidance on selecting the proper business structure, such as a Company, Trust, or Unit Trust, to determine what will be ideal for your specific business type.
Business tax preparation involves analysing all financial records and bank statements, including income, expenses, and receipts, to ensure accurate reporting. Our team thoroughly reviews all available information to identify deductible expenses and ensure compliance with current tax laws.
Our proactive approach to tax planning is designed to keep you ahead of the curve. By collaborating with you throughout the year, we provide advice that ensures compliance, reduces tax liabilities, and maximises refunds. This forward-thinking strategy lays the foundation for long-term, sustainable growth.
Lodgment of Business Activity Statements (BAS) can be complex and time-consuming. Severe penalties may be imposed if they are not lodged accurately and on time. We handle the lodging of monthly, quarterly, and annual BAS, working thoroughly on the GST aspects of transactions. If applicable, we also include PAYG withholding from employee salaries and any PAYG installments issued by the ATO.
We carefully prepare and submit quarterly Instalment Activity Statements (IAS) for our clients based on the estimated tax payable for the year. This approach helps ensure that tax payments are distributed throughout the year, preventing the accumulation of large tax debts by the end of the financial year.
We offer comprehensive bookkeeping services, from entering relevant data into your Bookkeeping software to preparing detailed financial statements. Our team ensures that all financial data is accurately recorded and up to date, allowing for easy tracking of income and expenses. We also reconcile bank statements and ensure that accounts align with actual transactions to maintain precise financial records.
We are dedicated to providing continuous business support, offering expert advice to help ensure compliance with government agencies such as the ATO, ASIC, and ABR while addressing any challenges that may arise. Our commitment extends throughout the year as we proactively work to prevent future issues and guide you through any business obstacles.
Managing payroll can often feel overwhelming and time-consuming. However, our dedicated payroll team is here to transform that experience. We expertly handle everything from preparing payslips to seamlessly submitting Single Touch Payroll (STP) to the ATO.
Our Secretarial and ASIC-related compliance services are designed to ensure your business meets all regulatory requirements. We prepare and submit statutory documents, including annual company statements and any changes to company details. Our dedicated team diligently monitors key deadlines, ensuring timely submissions to prevent penalties.
Our ATO dispute resolution services help businesses and individuals effectively manage tax-related disputes. We act as your representative, advocating for your interests and working to achieve the best possible outcome with the Australian Taxation Office (ATO). Our team carefully examines your case, gathering the necessary documentation and evidence to support your position.
We prepare accurate and reliable projected financial statements essential for informed decision-making and securing funding. Our team works closely with you to ensure that these statements clearly and realistically represent your business’s financial position, both currently and in the future.
We deliver personalised strategies tailored to your unique financial goals and risk appetite. Our expert guidance covers portfolio diversification, asset allocation, and market trends to empower you in making informed decisions. We constantly monitor market conditions and adjust our recommendations to align with your long-term objectives.
We emphasise transparency and client education, ensuring you thoroughly understand each investment decision. Whether you’re new to investing or have considerable experience, our service aims to maximise your returns while efficiently managing risk.
We enable clients to recognise, evaluate, and successfully reduce financial risks, thus protecting their wealth. We implement tailored strategies, such as portfolio diversification and asset protection, to strengthen investments against market fluctuations. Our specialists closely monitor economic trends and proactively modify risk management strategies to align with clients’ financial objectives. Additionally, we provide comprehensive insurance and contingency planning solutions to lessen potential financial challenges. With our proactive stance, clients can confidently navigate uncertainties and achieve sustainable financial success.
Our retirement planning services aim to help you establish a secure financial future through tailored strategies prioritising long-term stability. We start by evaluating your current financial standing and projecting your future expenses. Using this information, we develop a personalised plan to assist you in reaching your retirement objectives.
We will help you maximise your savings, enhance your investments, and manage risks, ensuring a consistent income during retirement. Additionally, we conduct regular reviews and make necessary adjustments to ensure your plan remains aligned with evolving economic conditions and your individual needs.
Superannuation is essential for building long-term financial security and ensuring that you have sufficient savings for retirement. Our expert advisors help you maximise your super contributions, optimise your investment options, and take advantage of available tax benefits.
We provide personalised strategies to grow and manage your superannuation based on your financial goals and risk tolerance. Regular reviews and adjustments keep your super on track, allowing it to adapt to legislation and market conditions changes. Let us assist you in making the most of your superannuation so that you can enjoy a comfortable and stress-free retirement.
A Self-Managed Super Fund (SMSF) provides you with greater control over your retirement savings and a variety of investment options. Our SMSF experts are here to help you with setup, compliance, and investment strategies to maximise your fund’s potential. We navigate complex regulations to ensure your SMSF remains compliant while optimising tax benefits. With ongoing support and strategic assessments, we make certain your fund stays aligned with your retirement goals and market trends. Empower your financial future with tailored expert SMSF guidance.