Tax Returns & Financial Statements

We prepare tax returns and financial statements for the following entities:

  • individuals
  • individuals with rental properties
  • sole traders
  • partnerships
  • companies
  • trusts
  • self managed super funds

Bookkeeping Software

Most of our business clients use one of the following bookkeeping programs:

  • Xero
  • MYOB
  • Reckon (previously known as Quickbooks)
  • Sassu
  • Cashflow Manager
  • Arrow Accounting
  • Industry specific software (e.g. for electricians, mechanics, dance schools and so on)

We also work with clients who use manual and excel cash books

We currenlty recommend Xero

Xero is cloud accounting software that allows you to work anywhere, anytime on any device.
Don't be tied to your desk, reduce your data entry, invoice onsite and get paid faster and improve your cash flow.

Ask us for a free demonstration on how Xero can help you grow and manage your business or click on the link

Financial Planning

Financial planning is the difference between creating your own financial future and just hoping it will happen. If you don't know where you’re going, all roads lead to nowhere. Having a financial plan brings structure, direction and a degree of certainty to your financial future. There is a lot at stake and statistics from The Financial Planning Association suggest over 84% of Australians retire on an income of less than $21,000. Many people under estimate their retirement costs and you simply can’t rely on social security benefits to fund your retirement. Timely, appropriate and independent financial advice is required to help you successfully plan for the future.

We refer our clients to a professional and personal financial planner, Ben Graham-Nellor from BGN Financial Management, who has many years experience in all aspects of financial planning and insurance. We liaise with Ben on taxation, capital gains tax and succession planning issues to ensure that you have cohesive financial strategy going forward. Our commitment is to provide you with a customised, confidential and fully independent financial planning service. Talk to Ben today about planning your road to retirement.

Succession Planning

Succession planning is about preparing for retirement and the sale or hand-over of your business. We can work with you to develop a succession plan and help you implement the appropriate systems, processes, policies and procedures that form part of your exit strategy. All too often, business owners become immersed in the day-to-day operations of their business and give little thought to their future exit strategy. It is important to have a clear idea of what you want to do with your business from the outset because it can influence the choice of business structure, the value on sale and the application of capital gains tax.

It is critically important that your financial statements are up to date and reflect the true state of your business. This can make the transfer seamless and potentially protect the value of your business. We can advise you about the capital gains tax implications on sale and how to protect your business and personal assets by choosing the right business structure. Another part of succession planning is having a clear idea of what will happen in the unfortunate event that the business owner or key employees dies, leaves the business or is injured and unable to perform their duties. When its time to realise your investment in your business either by sale or through succession to a family member, we can also help you with valuation and negotiation, smoothing the way for a tax efficient solution.