Accounting.
More of what’s important to you.
More possibility.
Let’s chat about how we can help you get more out of your business.
Meet our accountants.
Let’s take care of your business,
so it takes care of you and your family.
Kate Bell
Director
SMSF & ACCOUNTING
Nathan Durrant
Director
ACCOUNTING & LOANS
Paul Stoddart
Director
ACCOUNTING & LOANS
Trent Trinity
Director
ACCOUNTING & BOOKKEEPING
Davi Hou
Team Leader
ACCOUNTING
Michael te Velde
Team Leader
ACCOUNTING
Anju Abraham
ACCOUNTING
Jacqui Francis
ACCOUNTING
Jody Gardner
ACCOUNTING ADMINISTRATION
Kristina Kastrounis
ACCOUNTING
Laura Sesko
ACCOUNTING
Lucy Cavannagh
ACCOUNTING
Maricel Martinez
ACCOUNTING
Melinda Fleming
ACCOUNTING ADMINISTRATION
Rory Armstrong Gordon
ACCOUNTING
Yukie Ota
ACCOUNTING
Hit us with your
accounting questions.
Deciding on the right structure, whether a trust, a company, or a sole trader, is one of the most important decisions you will make when starting a business. While it is possible to restructure at a later stage, you will get the best result, and lowest set-up cost if you invest in the right advice before starting your business.
Most of our clients are in business, have self-managed superannuation funds, or are investors. We are likely not the right choice if you’re after a quick tax-type service. We are a great choice if you’re in business, an investor, an executive or have some level of complexity.
If you are in business (or renting out commercial properties) and your annual revenue exceeds $75,000, you must register for GST. The threshold is not based on a financial year. It is your turnover for the last 12 months. Be careful, if you go over the threshold and fail to register for GST, you can be liable for GST on income despite the fact that you have not charged your customer GST.
You have the option of registering if your annual revenue is below the threshold. Depending on your industry, registering when you are under the $75,000 threshold may be tax-effective.
- If you are starting a business, the number one way you will reduce your tax is by investing in the right structure at the beginning.
- Legally splitting your income within your family group by investing in the right structure.
- Invest. The 50% discount on capital gains means that the tax on gains is less than the tax you pay on earned income.
- Negative gear. The government helps fund your investment assets by refunding tax paid on negative gearing.
- Contribute to superannuation. Many people seem to have a negative view of super. One thing we know for sure is that our successful clients are maximising their superannuation contributions.
- This one is boring but essential. Keep good records and get it right.
As much as you need to. We know the cultural image of an accountant is a geek sitting in a back room somewhere crunching numbers. That’s not us. Yes, we love the numbers. But what we think makes this one of the best jobs in the world is helping people improve their lives and the lifelong relationships we build. We want to spend time with people.
Trust your gut. If something doesn’t feel right, speak with them.
Our first love is family business. We have found ourselves in the last 30 years working with many Health, Construction, Professional and Hospitality Businesses.
Whether or not you pay yourself wages, will depend on your structure and the stage of business you are in. Determining the correct wages to pay yourself is something we review regularly with our clients.
If you are paying yourself wages from your business entity, you will have an obligation to pay superannuation for yourself. Paying yourself the right way through a mixture of wages, dividends and possibly trust distributions is an important strategic decision.
The current law requires that you pay your employees super quarterly (by February, 28 April, 28 July and 28 October). We recommend that you pay your superannuation monthly by the 7th day after the end of the month. There are significant compliance and tax costs if you pay super even one day late. We can help you set up a good system for meeting your ongoing superannuation contributions for your employees.
The time for taking a relaxed attitude to your tax affairs is over. There was a time when the ATO was commonly not charging interest and penalties or reversing amounts they had charged. That time is over. It is critically important to meet your obligations. We can help.
The first step in our process is to have a 15-minute phone call to ensure we are the right fit for you. You can book a time to talk here (link to booking form)
If we both agree that we seem a good fit for you, we like to meet in person (or virtually if that works best) to discuss what you are working to achieve and how we can support you.
Yes, when necessary we do most of the communication with the ATO for our clients.
When an Australian company pays company tax, a franking credit is created that the company can pass on to shareholders when paying dividends.
Let’s presume that a company makes a $100 profit and pays $30 in tax. The company now has $70 that it can pay as a dividend and $30 it can pass on as a franking credit. The company decides to pay the $70 as a fully franked dividend to its sole shareholder Dylan. Dylan has other income, and as a result, he will pay personal income tax at a rate of 32% on any dividend he receives. Dylan needs to report $100 of dividend income in his tax return (being the $70 in cash dividend received and $30 in franking credit). The tax on the $100 at 32% equals $32 dollars. The franking credit gets applied against the tax payable and reduces the tax payable by Dylan to $2 ($32 – $30).
Paying dividends at the right time is an important tax planning strategy.
Yes, lodging through us will generally give you an additional four weeks (8 weeks in total) to lodge your quarterly Business Activity Statement. The additional 4 week extension doesn’t apply to the December quarter BAS. The ATO get into the Christmas spirit and gives everyone 8 weeks to lodge the December Quarter BAS.
Absolutely! We are Xero platinum partners and have a team of Xero-certified accountants and bookkeepers who can help get you set up and give you ongoing support and training.
A couple of hundred bucks an hour 😊. That means it is important to ensure you have the right person doing the right job.
There is a wide range of software systems available for small businesses. A few main players are now Xero, MYOB, and QuickBooks. We use them all, but we love Xero! (I guess that’s why we are a platinum partner.)
Why Xero? It’s super user-friendly. Has strong integration capabilities with 3rd party add-ons; and offers excellent functionality for managing invoices, expenses, bank reconciliation, payroll and financial reporting.
Ok, we’re accountants – we love Excel too. But, the days of Excel and shoe-box accounting for a small family business are over. There are great affordable accounting software solutions for all businesses, that will save you time and help you meet your obligations.
In a perfect world, everyday! But in the real world, once a week is okay too. Doing it regularly will save you time in the long run. We realise every business is different and has different needs. It’s super easy if you stay on top of it, and it can become a real pain the butt if you leave it for too long.
certainty.
Build a better business.
Let's chat about how we can help get more out of your business with our accounting service.
time.
Get your time back.
Let's chat about how we can save you time and keep your business on track with bookkeeping.
money.
Reach your goals faster.
Let's chat about your borrowing power and how to save money on your next loan.
control.
Manage your own fund.
Let's chat about how to manage your own super and plan for a great future.
