financial reporting

We have the resources needed to prepare relevant, compliant and useful financial reports under Australian Accounting Standards to satisfy the needs of yourself, investors, regulators and/or other parties.

We will prepare special purpose financial statements based on the accounting records and other information provided by yourself. The financial statements will comprise of:

• the annual statement of financial position,
• statement of profit or loss and other comprehensive income,
• notes comprising a summary of significant accounting policies adopted, and
• any other disclosures requested by yourselves (i.e. cash flow statement).

The compilation will be conducted in accordance with the Accounting Professional and Ethical Standards ('APES') 315 Compilation of Financial Information, including complying with relevant ethical requirements of APES 110 Code of Ethics for Professional Accountants.

Let us assist you in identifying issues that impact your business, and implement practical solutions that will maximise growth and reduce risk. 

General business advisory services provided are:

• Aligning and implementing financial strategies
• Three-way financial modelling, including budgeting and forecasting
• Identifying trends or opportunities for improvement within the business
• Tailored management reports, including variance analysis and KPI's tailored to your industry

Managing your tax compliance can be somewhat daunting if you are unfamiliar with Australian tax law. But it doesn't have to be. We're here to ensure you're compliant, but also legally maximising tax benefits, thus minimising your liability. 

We are well versed in Australian tax law and keep ourselves up-to-date with the latest developments, to provide you with the comfort that your tax compliance will be managed in safe hands.

We provide and manage the following tax compliance services:

• Tax Returns - Individual, Company, Trust, Partnership
• Business/Instalment Activity Statements
• Fringe Benefit Tax Returns
• Payroll Tax Returns

Tax Planning

Tax planning is generally performed during March and June of each financial year, and involves:

• Reviewing the financial performance and position for the financial year-to-date;
• Estimating income and expenditure for the remaining financial year;
• Utilising any potential tax and/or capital losses brought forward;
• Utilising Government Incentives (i.e. instant asset write-off); 
• Planning potential dividends/distributions to circumvent Division 7A issues; and
• Advising you of the cash-flow impact (if any).

Tax Advice

Tax legislation and regulations are continually changing, and as tax agents, we are required to be across all changes as they occur. We have prepared tax advice or reasonably arguable position papers on the following areas:

• Tax Effective Business Structures
• Small Business Capital Gains Tax Concessions
• Division 7A and Unpaid Present Entitlements
• Utilisation of Tax and Capital Losses
• Tax Consolidations
• Tax Restructures
• Business Acquisitions and Earnout Arrangements

Please contact us if you require tax advice on a specific matter.

During a potential acquisition, it is important to assess the tax consequences. Investors should be taking into consideration historical tax risks associated with the business/entity, assess any potentially unutilised opportunities, articulate the correct warranties within the agreement and understand the impact on the pricing of the transaction.

We offer a range of services to investors and entities, to assist with a merger or acquisition, by identifying and advising on these material tax exposures, and to assist with a deal structure that will address any tax implications.

Our services include:

• Business and tax structuring an acquisition or disposal;
• Performance of tax due diligence to identify potential exposures to a transaction and subsequently reducing said risk; and
• Forecasting potential tax liabilities after any potential acquisition.

Establishing Company's and/or Trusts

We can assist with the incorporation of a company and/or inception of a Trust (Discretionary, Unit, Hybrid, Fixed). This includes the registration of a Tax File Number (TFN), Australian Business Number (ABN), Goods & Services Tax (GST) and PAYG Withholding.

Annual Company Reviews

Each year, an Australian private company will be issued with an ASIC Annual Statement. We assist by reviewing the company details, and preparing the solvency resolution minute.

Changes to Company Details & Structure

We assist our corporate clients by handling the changes relating to their officeholders, members and their registered office. We also assist in handling changes to the company's shareholding structure (incl. transfers, consolidations and redemptions).

Maintaining Corporate Registers

All companies must prepare and maintain registers, records of information, financial reports/records and ensure all relevant resolutions have been prepared to keep the ASIC database up to date.