Jack Salem & Associates

About Us

30 Years of Experience

With over 30 Year of experienced in accounting and taxation, having provided taxation, business, accounting and GST services. Our client base includes Individuals/Sole Traders, Companies, Trusts, Partnerships, and Superannuation Funds and we serve wide range of industries including but not limited to, retail, professional, manufacturing, real estate, construction, investment property owners, contractors, property developers, investors, café & restaurants and tradies. We service a wide cross-section of clients in a variety of industries and businesses, including, but not limited to, retail, manufacturing, real estate, construction, investment property owners, contractors, property developers, business owners, investors, hire companies, caterers, restaurants, tradies, and professionals. Whether you are an individual, a subcontractor, an employee, a business owner, an investment property owner, a corporate or other entity, we at Jack Salem & Associate will be able to assist you with all your taxation, business, GST and accounting needs.

We service a wide cross-section of clients in a variety of industries and businesses, including, but not limited to, retail, manufacturing, real estate, construction, investment property owners, contractors, property developers, business owners, investors, hire companies, caterers, restaurants, tradies, and professionals.

Whether you are an individual, a subcontractor, an employee, a business owner, an investment property owner, a corporate or other entity, we at Jack Salem & Associate will be able to assist you with all your taxation, business, GST and accounting needs.

Dedicated Consulting

We have a long-established reputation for providing friendly personalized service and developing close client relationships. We take pride in providing the highest standard of service and care to all our clients without exception. We believe in being approachable and accessible to all our clients and count it a privilege to have been given the opportunity to provide them with our services.

SERVICES

• Income tax returns
• Bookkeeping & payroll
• Goods & services tax
• Business advice
• Business structure selection
• Strategic tax planning

Income Tax Returns

We at Jack Salem & associates are fully focused on obtaining the best possible tax results for our clients while at the same time ensuring they are legally compliant.

We offer a personalized service tailored to our clients’ individual needs. We pride ourselves on providing a warm, approachable and friendly environment for our clients thereby building long term relationships with them.

As registered tax agent, our income tax accounting services include:

• Tax returns for individuals
• Tax returns for investors
• Tax returns for sole traders
• Small business tax returns include Company, Partnership & Trust tax returns
• Self-managed superannuation fund tax returns.

No return is too big or too small we apply the same level of diligence and care to all our clients without exception.

We can assist you with all your tax needs – Call for a confidential appointment.

GST Compliance

If you run a business or other enterprise and have a GST turnover of $75,000 or more ($150,000 or more for non-profit organizations), or you provide taxi travel (including ride-sourcing) – you need to:

• register for GST
• work out whether your sales are taxable (that is, subject to GST, and not exempted because they are GST-free or input-taxed) and include GST in the price of your taxable sales
• issue tax invoices for your taxable sales and obtain tax invoices for your business purchases
• claim GST credits for GST included in the price of your business purchases
• account for GST on either a cash or non-cash basis and put aside the GST you collected so you can pay it to us when due
• lodge activity statements or annual returns to report your sales and purchases, and pay GST to us or receive a GST refund.

Business start-up & Registration

Starting your own business requires planning, research and a high level of organization. The prospective business owner needs to be aware of the legal and taxation obligations that goes hand in hand with starting a business:

• Selecting the right business structure for your circumstances
• Company Incorporation and other entity setups
• Australian Business Number (ABN)
• Goods & Service Tax (GST) Registration
• Need a Tax File Number (TFN)
• Business Name Registration
• Registrations and licencees requirements
• Work-cover Policy for employees / Contractors
• PAYG withholding registration
• Payroll Tax Registration
• Superannuation obligations
• Industry awards and EBAs
• Fuel Tax Credits registration
• Appropriate Business Insurances
• Business and Marketing Plans

If you need assistance, we are here to guide you through. Jack Salem & Associates has over many years assisted business’ in their start up and development and onto their success. We can do the same for you.

Business Structuring

Choosing the right business structure is a crucial decision when you are starting out with a new enterprise. The business structure you choose is central to asset protection, your taxation liabilities, ongoing costs and the minimization of any future liabilities. Our accountant will discuss the benefits, pitfalls and responsibilities that go with the various structures – sole trader, partnership, trust or company. There are costs and risks with each legal structure and they are all quite different.

Sole trader

An individual who carries on the business

Partnership

Two or more people or entities carry on a business together

Company

An entity that is separate from its shareholders

Trust

A business structure where a trustee (usually a company) controls all the assets of the business and carries out the business on behalf of the beneficiaries of the trust. The trustee distributes income and makes decision about the business.

Understanding the differences between these structures and choosing what’s best for your business can put you in the most favorable tax and legal position.

Whether business structuring or business restructuring, companies and organizations can rely on the expert advice and direction of the experienced team at Jack Salem & Associates.

Strategic Tax Planning

Taxation minimization strategies can make a big difference to your wealth creation and tax planning. Our expert team use their extensive knowledge and experience of Australian taxation legislation to ensure the best possible outcome for you or your business with targeted and comprehensive tax advice.

There are many different types of legal tax planning strategies available: –

• Entity selection and re-structuring
• Tax minimization strategies
• Strategies for obtaining tax deductions
• Strategies for obtaining tax offsets (credits)
• Strategies for moving income away from an entity paying a high rate of tax to an entity paying a lower rate of tax
• Strategies for moving profits and losses between tax years, either to defer tax or take advantage of a more favorable tax rate
• Strategies for reducing the amount of assessable capital gains from an investment sold at a profit

Through continual professional development our qualified team are able to stay up to date with the latest developments to ensure you always get the right advice. Contact Jack Salem & associates for the best tax advice for you.