Services
What I do
Accounting Services
Outsourced Accounting
Outsourced accounting simplifies a company’s financial management by entrusting accounting responsibilities to an external service provider instead of managing them in-house.
Outsourcing accounting functions can streamline financial operations, enhance efficiency, and allow businesses to focus on their core operations.
Compilations
A compilation involves an outside accountant preparing a company’s financial statements.
These compiled financial statements allow companies without an accountant to have professional financial statements prepared externally, avoiding the higher cost associated with reviewed or audited financial statements.
Tax Services
Individual Tax Services
As a sole trader, it’s essential to file your personal income tax return, regardless of whether your business income falls below the tax-free threshold. Your personal tax return should encompass your business income along with all other sources of personal income, deducting any eligible expenses..
Corporate & Partnership Tax Services
A company files a business tax return and pays taxes on its income.
In contrast, each member of a partnership pays individual taxes on their respective share of partnership earnings. While the partnership itself doesn’t pay business taxes, you still need to submit a business return using the partnership’s tax file number. This declaration should include the partnership’s income, deductible expenses, and the distribution of net income or loss among partners.
Trust Tax Services
A trust is required to file an annual tax return, but the tax owed is determined by how the trust’s income is distributed. If all of the trust’s income is distributed to adult resident beneficiaries, only these individuals are liable for taxes. They are taxed based on their share of the trust earnings and any other income they declare in their personal tax returns.
Self Managed Super Fund
The Advantages of an SMSF
Opting for a Self-Managed Super Fund (SMSF) offers distinct advantages, making it an appealing choice for those seeking greater financial autonomy. Here’s why you might consider embracing this opportunity.
Here's How We Can Help:
- Recording all financial transactions
- Maintenance of investment registers
- Benefit payment calculation & documentation
- Preparation of annual financial reports, with supporting work-papers
- Preparation of member benefit statements
- Arranging an annual audit of the financial statements and accounts
- Preparation and lodgement of annual tax return