Beaumaris

At Sztainboks, we have been attending to our client’s needs for over 40 years, and can be trusted to provide up to date accurate & effective tax, accounting and financial advice. Having relocated from Moorabbin to the Omnico Business Park on Ferntree Gully Road, Notting Hill, in late 2007, we are now conveniently situated just off the Monash Freeway (Forster Road exit). Now being in the geographic centre of the Greater City of Melbourne we are well placed to service all of Melbourne and can be at our client’s door in a matter of minutes.

Tax consultation

As a client of Sztainboks you will receive personalized attention from a team of professionals that are passionate about providing you with the advice and support you need to understand and meet your tax obligations while maximizing your income, or building a better business, and securing your financial future.

INDIVIDUAL TAX MATTERS

As an individual you may need help to know your rights and responsibilities as a taxpayer, and just what claims allowable by the Australian Taxation Office, that you may take advantage of. Some questions that we can assist you with include: Do I have to lodge a return? What records to I need to keep? Am I eligible for specific deductions or offsets? Are my Government Assistance payments exempt from tax? You may also be unsure of your eligibility for benefits available to you from Centrelink. Alternatively, you might be looking for help to consolidate multiple superannuation accounts and save on administration fees eating away at your retirement savings.

In addition, our prompt attention to the preparation of your annual income tax return, and the electronic lodgement of your return, will provide you a rapid refund.

BUSINESS TAX MATTERS

As a business client you can be confident that our expertise affords you accurate and effective advice and assistance on many factors essential to your business’ success. Being in business, small or large, you will have additional tax obligations to consider. We understand that your time – already consumed with the day to day running of your business is precious – and we can help with timely advice, and offer strategies that can help you with the growth of your business.

Whether you need assistance defining your key business goals, or it’s your first time reporting on goods and services tax, or you need some help navigating your way through new MYOB or Reckon software we have the team that can help.

Our experienced and dedicated staff can provide assistance with many facets of Business Taxation, including the following:

• Company, Trust, and Partnership Returns
• Fringe Benefits Tax Returns
• Capital Gains Tax issues
• State Taxes, including Stamp Duty, Payroll Tax and Land Tax
• Private Binding Ruling applications

Business services

Let us cut through the red tape; We can:

• Lodge your application with the Australian Business Register and Australian Tax Office for ABN, and GST and/or PAYG registration;
• Assist you with business compliance matters including ASIC requirements by providing you with the required documentation and support for all changes and maintenance of company records;
• Arrange Business Name Registration with Consumer Affairs Victoria, including changes of ownership or updating records;
• Ensure you meet your Workcover requirements including lodging an application for Workplace Injury Insurance, obtaining a certificate of currency or providing assistance with claims; or the provision of figures for the annual review of your Workcover premiums.
• Provide you with advice on Accounting Systems – from set up through to maintenance, or even some minor technical assistance with software issues.
• Assistance with applications for government grants or financial assistance through employment incentives and initiatives;
• Point you in the right direction to establish a domain name, if you are planning on going online;
• Provide new business valuations and business appraisals through an analysis of financial statements of an established business that you may be considering buying into; or franchise agreements that you may be considering.

Accounting

We can assist you in all of your accounting requirements. Modern business demands up to date accurate financial information. We can provide you with valuable information to help you make the right decisions with tools such as benchmarking, budgeting, cash-flow forecasting plus much more.

We can gear our assistance to your needs and provide you with tailored information and constructive advice on a regular basis, at a budget that suits you.

We can lighten your load, so that you get some life / work balance back and take care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.

Or we can help you get your accounts set up and organised so that maintaining your records is less of a burden; and provide you with ongoing support, on an ‘as needed’ basis.

Bookkeeping assistance involves helping you with the process of sorting and inputting the income and expenses of your business and preparing the accounts for reporting. A full accounting service includes the bookkeeping, and takes things one step further providing the interpretation, classification and adjustment of accounts for the purpose of preparing meaningful reports, taxation, budgeting, costing and measurement of results against a standard or another accounting period.

Superannuation

Sztainboks are well placed to provide comprehensive Self-Managed Super Fund (SMSF) services with full time accounting staff that specialise in all aspects relating to Self-Managed Super Funds, including an Accredited Specialist advisor of the Self-Managed Super Fund Professionals’ Association of Australia (SPAA).

We can arrange for:

• The establishment of your Fund;
• Ongoing administration and compliance of your SMSF;
• Assistance with the transfer of benefits from other accounts to your SMSF;
• Accounting for all types of Self-Managed Super Funds.

Do-it-yourself super via a Self-Managed Super Fund is becoming an increasingly popular choice for people who want to have control of how their superannuation funds are invested. Rather than relying on someone else to make investment decisions (like in a pooled fund) you are responsible and the trustee of your own fund.

The 2006 IFSA SMSF Trends Report 1 identified control as the number one reason for investors establishing a self-managed superannuation fund. Other surveys confirm this finding.

Having established a fund SMSF investor objectives include:

• Control over investment decisions
• Tax effectiveness
• Fee management
• Good investment returns
• Capital stability

Once you have taken the step of establishing your own SMSF Sztainboks can provide advice and strategies to utilize the control you now have over your retirement funds and maximise the gains to be made. One such strategy could be the benefit of borrowing within the fund – such as transferring shares into a SMSF by way of a borrowing arrangement or acquiring shares in a loan.

Finance

Through strategic partnerships with Folio Finance and Refund Home Loans, Sztainboks can deliver a competitive advantage to our commercial clients by sourcing the best finance on offer. We can help you get your loan arranged or refinanced, at very competitive rates. Alternatively, we can take care of the preparation of financial statements, help you fill out the application and make sure you have the right supporting documents as required by the Lender.

Everyone has different needs and should always take into account their individual situation when negotiating the terms of a loan. We have qualified staff that can offer guidance and taxation advice in this regard, as well as the best way to structure the loan within your business.

We remove your bookkeeping burden
Backed by Melbourne’s most experienced team of bookkeepers, we give you a big picture view of your finances and use a technology-savvy approach to take away your numbers pain.

Our expertise lies in our creative solution generation, innovation, team experience and grasp of the latest bookkeeping technology.

As bookkeeping system architects, our motivation is to help you get back on track with your compliance so you can reach your bigger goals. We do this by being approachable, listening, and offering a customised solution that’s right for your needs.

Services

Cloud System Migration
Pure Compliance
Management Solutions

Pure Compliance

“Business compliance attended to with fine detail.”

Managing your GST and payroll obligations with guaranteed accuracy your accountant will love.

• BAS Solutions
• Payroll Solutions

Cloud System Migration

“Unlock the power of connectivity.”

Streamlined solutions and systems to help you get back to your business. We use our knowledge of cloud systems to move you from chaos to comfort.

• Accounting System Migration
• Technology Efficiencies and Installation
• Customised Conversion Process
• Project and Job-Level Detail
• Standard Operating Procedure Development

Management Solutions

“Your virtual reporting team.”

Providing you with additional information and strategic reports so you can make more informed decisions and drive your business forward.

•  Project and Job Reporting
•  Accounts Receivable Management
•  Accounts Payable Management
•  Customised Processes

ABOUT PBS

The bookkeeping industry was still in its infancy in Australia when Helen Stenhouse decided to create PBS in 1983.

As a New Zealand gymnastics champion, Helen was always up for testing herself. “Without challenge there can be no achievement” is a favourite motto.

After moving into banking, she quickly developed a love for logic and numbers, and it was only a matter of time before she started her own business.

Over the next 35 years, Helen and her team has helped businesses of all sizes and industries with their compliance and bookkeeping needs. Helen received many accolades along the way and was nominated for a seat on the Tax Practitioners Board, advised the ATO during the rollout of GST in 1999 and has featured in many industry publications.

After Helen retired, we have a new leadership team.

Her son Chris is a passionate technology enthusiast and heads our innovation and systems architecture solutions. Client Services Director Leanne Willshire, who worked under Helen for more than a decade, ensures our bookkeeping team continue to maintain the highest levels of accuracy,  process and client delivery.

Our team remain committed to providing impactful solutions to your compliance, systems and reporting needs, all by being approachable, curious and constantly looking to improve.

We combine deep industry experience (over 100 years bookkeeping experience) with a technology-focused approach. When you engage with a PBS Bookkeeper, we take the time to understand your goals and challenges, then craft an intelligent solution that fits your needs.

We work primarily with business owners and their trusted advisors who are open to change, willing to be accountable and in it for the long-term.

At PBS, we believe the days of bookkeepers simply giving you data are over. A good bookkeeping experience should give you comfort about your numbers as well as presenting a holistic view about the “big picture”.

And it’s what we aim to deliver each and every time.

Welcome to KPMC Accounting Solutions

We are an accounting firm specialising in business advisory & taxation advice for small to medium business and high net worth individuals.

Our highly experienced and well qualified team offers competent, prompt, professional service in all areas of accounting, taxation, bookkeeping and advisory. We pride ourselves on our personalised service, to take the confusion and hassle out of small business compliance. Our experience enables us to provide services beyond the traditional accounting and taxation service. We can help you run and grow your business!

We don’t have the expenses of other firms (reception and rental), our rate is very reasonable. Also, we can travel to you if preferred. If you would like to discuss your personal situation, please contact us today.

Business Services

BAS-GST Return
Business Tax Return
Business Structure set-up
MYOB & QuickBooks Training
Bookkeeping & General Accounting Services

BAS-GST Return

• Business Activity Statement
• Goods and Service Tax
• Instalment Activity Statement

Business Tax Return

• Preparation and review of all Business Tax Returns (including Sole Trader, Partnership, Company & Trust)
• Taxation Consulting (Advice & Strategy).
• Tax audit defence strategies
• Tax planning
• Negotiations with revenue authorities (Payroll tax, Stamp duty, and land tax)
• Advice on and implementation of tax effective structures for asset protection and tax minimisation
• Fringe benefits tax advice
• Superannuation advice
• Workcover
• Benchmarking

Business Structure set-up

• Business formation advice – advantages and disadvantages for each structure to save your money and time and to protect your assets
• Set-up the right and most beneficial structure includes: Sole Trader, Partnership, Company and Trust
• Register business names
• Register trademark
• ABN, GST and TFN registration

MYOB and QuickBooks Trainings

• Setting up company file
• Banking
• Sales
• Purchases
• Payroll
• Inventory
• Overseas transactions
• Customised forms (Invoice, purchase order, etc)
• BASs
• End of year reconciliation

Book-keeping & General Accounting Services

• Establishment of accounting systems
• Maintenance of accounting books and records
• Preparation of periodic and annual accounts
• Handling of banking and commercial documentation
• Advice on financial management
• Payroll services
• Day to day accounting using Excel, MYOB and QuickBooks
• Business advice
• Business planning
• Budgeting and Cash Flow
• Assistance in reorganisation of financing
• Profit & Loss Statement
• Balance Sheet
• General Management

Individual Services

Salary, Wage Earner and Pensioner Tax Return
Investors tax return
Sole traders tax return
Tax Planning

Salary, Wage Earner and Pensioner Tax Return

• Individual Tax Return preparation & lodgement
• Centrelink and Government Payments
• Employee share schemes
• Overseas income
• Previous years Tax Returns
• Review of Prior Tax returns
• Amendment of Tax Returns
• Lodge objections to ATO
• Audit assistance

Investors Tax Return

• Rental Properties schedule
• Depreciation schedules
• Negative Gearing
• Land Tax
• Capital gain tax
• Managed Funds, Partnership and Trust Distribution
• Dividend
• PAYG Variation

Sole Traders Tax Return

• Business related car expenses
• Depreciation schedules
• Tradies Meals and Travel
• Protective equipments
• Tools
• Work Related and Protective Clothing
• Sunglasses, Sunscreen, Wet Weather Gear

Tax Planning

• Ensure you understand the tax consequences of business decisions
• Identify areas for potential savings across direct and indirect taxes
• Minimise business and personal tax
• Undertake year end tax planning

As taxation affects every corner of your business, it’s important to plan well. Our team can assist in all aspects of tax planning so that you can minimise the tax impact on your business, while meeting compliance and reporting requirements.

Self Managed Super Fund Services

Set-up
Ongoing advice concerning compliance matters
Accounts and Tax return
Audit

SMSF Set-up or Establishment

• Provision of Trust Deeds
• Tax File Number Applications for your SMSF Fund;
• ABN Applications;
• Election to become a Regulated Fund;
• Binding death benefits and Notification of Beneficiaries Form;
• Rollover Documentation;

Ongoing advice concerning compliance matters

• Pension set-up; maintenance and rollovers
• Wind-ups;
• Change of trustee(s); Deed updates;
• Minutes;
• PAYG instalment payments and requests;
• Preparation and lodgement of GST returns
• Assistance with insurance of members
• Investment Strategy
• Other advice and assistance as needed

Accounts and Tax return

• Annual Financial Statements; member statements and Tax returns
• Annual Member Statements;
• Independent Audit;
• Eligible Termination Payments Documentation; and
• Business or Instalment Activity Statements & Payments.

Audit

• Self Managed Super Funds must be audited annually .We can audit your Fund, as we do for many others. We even do audits on behalf of other Accounting Firms.
• All our Auditors are registered with ASIC as “approved SMSF Auditors”.

We love working with small businesses. We work hard to deliver the best possible result for our clients and provide a personal service that is accurate, proactive and timely.

Enabling success of Accounting and Financial Advisory firms across Australia & New Zealand

Serving 100+ Australian Accounting & Financial Advisory Firms since 2006

• New South Wales
• Tasmania
• Queensland
• Victoria
• South Australia
• Western Australia

360° Accounting & Financial Advisory services

For more than a decade and a half now, Carisma has delivered comprehensive accounting and financial planning services and solutions to accounting and financial advisory firms in Australia & New Zealand.

Our 360° Accounting and Financial Planning services are delivered by a team of world-class Accounting Professionals and Paraplanners on leading software platforms and technology with a passion to delight clients each day.

We invest in software solutions including RPA ( Robotics Process Automation ) to improve our services and solve problems efficiently.

Our time tested delivery is ISO – 9001 : 2015 and ISO – 27001 : 2013 certified.

Efficiency through Technology

We believe technology is one of the key pillars of a successful accounting service firm. We work with leading and niche software products in cloud, On-premises and we continuously upgrade our skills to stay abreast of the ever-changing technology landscape. Our COE ( Center Of Excellence ) in Accounting and Financial Planning Services enables our clients to adapt to latest technology, applications and best practices. We develop software to support our client’s business to improve their productivity and efficiency.

Business Services
Compliance and taxation are at the heart of every accounting firm. Our tax and compliance solutions enable over 100+ clients in delivering hundreds of thousands of compliance jobs every year freeing up time for providing advisory services. Our team of world class professional accountants are experienced in special areas such as primary producers, branch and departmental accounts, investments, special professionals among others. Carisma has proven expertise in most of the Australian accounting apps and also enables clients to migrate to cloud accounting from traditional on premises software. We are motivated to help you successfully meet lodgement deadlines with ease.

Superannuation
We provide comprehensive SMSF services to accounting firms in Australia. We enable SMSF administrators manage SMSF administration in a seamless, efficient and cost effective way. Since 2006, our solutions have been enabling over 100+ clients in delivering tens of thousands of jobs successfully. We are also delighted to bring to you our SMSF body of knowledge built by our Center Of Excellence in Accounting. Our relentless pursuit for excellence in accounting and adoption of latest technology has resulted in time tested methods of SMSF compliance & audit solutions for SMSF Administrators, Financial planners and Accounting firms. We assist you in freeing up your internal resources and improve the turnaround of SMSF administration and audit by working as your extended team.

Paraplanning Services
We provide holistic Paraplanning solutions to Financial Advisors & Wealth Management experts. Our experienced team of qualified paraplanning professionals are well versed with quality requirements and compliances of financial planning businesses in Australia. This helps us deliver customised services timely, creating a scalable business model for you. You could choose your in house champion at Carisma who will ensure that the plan being developed is a true reflection of your client’s goals, objectives and needs.

Operations Support Services
VCFO, Bookkeeping, Internal Accounting & Others
We provide comprehensive financial bookkeeping and administrative services for accounting firms. Our Smart bookkeeping solutions have been a viable option for many a accounting firms in managing books securely and efficiently, yielding them more time to focus on consulting and advisory activities. Our team of bookkeeping veterans will closely work with you to understand your business requirements, formulate seamless integration and maintain tailor made bookkeeping solutions freeing you from investing on human capital for maintaining books.

Consulting & Projects
With our tremendous experience and expertise in working with Accounting and Financial Advisory firms, we provide consulting services and execute projects to help our clients to be successful in growing the business. Our Projects help our clients to manage successful outsourcing of their accounting work. We help clients migrate from on-premises software to cloud accounting platforms, enable seamless mergers and acquisitions by moving from one accounting platform to another and others.

Technology Solutions & Automation

Carisma envisions to rapidly build software products and solutions that augment Ideation, Client Support, Productivity, Quality Management, Turnaround, Client Engagement, Client Self-Service Solutions. We build products and solutions as Desktop Apps, Cloud Apps and Mobile Apps. Our technology solutions enable clients to transform and manage business processes, build new solutions and workflow automation. Our solutions are focused on enhancing IT resilience, making technology a key differentiator for client experience and service delivery. We continue to deepen our engagements with software vendors and others in our ecosystem to help our clients have access to better solutions for their success.

Our Robotic Process Automation (RPA) solutions can assist in automating business process in the following areas:

• High transaction volume and routine processes
• Standardized processes, decision making based on rules
• Slowly changing processes that could lead to different handling of procedures

THE SMALL BUSINESS ACCOUNTANT MELBOURNE TRUSTS

Growing your business and your wealth

Discover why more residents in Glen Waverley, Mount Waverley & Berwick are choosing our business accountants

For Unrivalled Experience and Experience, Choose a Stockx Business Accountant

Finding the right accountant or tax agent among the crowd can be a difficult and confusing task, but it’s not impossible.

If you’re after the right accounting solutions from a highly professional team of expert business accountants, look no further. Stockx Accounting Services are the leading firm of certified practicing accountants (CPAs) based in Mount Waverley.

We have almost a decade of experience to provide you with the advice you need to grow your business. Ranging from taxation preparation, filling services and bookkeeping to business, financial advice and self-managed superannuation funds (SMSF), we can give you comprehensive solutions across the board.

Our team go above and beyond to offer you an array of accounting services for a reasonable price.

For a professional and understanding account, please contact our Mount Waverley office, located just a short drive from Glen Waverley and Berwick.

A Comprehensive Selection of Services

At Stockx Accountants, our team are here to help you understand your business finances, simple as that.

We do this by offering a comprehensive range of services paired with outstanding consulting and a wealth of knowledge.

Taxation Services

We offer a full range of taxation services to help you navigate Australian tax law and your yearly return.

No matter what your profession, our proactive CPA qualified accountants and financial advisors can offer you and your small business the advice you need to ensure your return is prepared correctly. We offer a range of accounting, filling and taxation compliance services. We bring a personal approach to tax and are able to provide expert consulting advice as well as meet your compliance requirements.

Advice on Your Self-Managed Superannuation Fund

A SMSF is a superannuation fund with one to four members who are also trustees responsible for the investment strategy and administration of the fund within strict Australian Taxation Office (ATO) guidelines.

Generally, a minimum of $200,000 is required to make a SMSF viable. If you’re interested in taking a more proactive approach to your personal superannuation, and wish to have more flexibility and investment options, as well as regular investment reviews and updates, our SMSF accountants can help you.

Fresh Small Business Accounting Solutions for Your Startup

Explore the possibilities and move forward in a fresh career change! Be a part of our vision and rise with our team as we help you model your future and stand out above the rest. If you have a business startup idea, you’re going to need all the right accounting tools and advice to help you along the way.

Our skilled and friendly small business accountants can assist with all your required business startup and sales requirements.

CONTACT US FOR A FREE FINANCIAL CONSULTATION

Unlock your business potential with a consultation from a member of our team. If you’re looking for accountants in the Mount Waverley, Glen Waverley or Berwick areas, contact us today and let us schedule a time that works for you.

Tax & Accounting Services for Individuals and Small Businesses

GSW Bookkeeping and Tax Solutions provides accounting and bookkeeping services for individuals and small businesses.

We are experts in Xero, and MYOB Professional Patners, and work with our clients to resolve tax complications, save money and offer sound investment advice – while keeping our rates affordable.

We have extensive experience and the necessary skills to guide you through the often confusing world of taxes and finance. Whether you need help with your business or personal finances, we have the right solutions for your needs to ensure your taxes are prepared properly and on time.

We can help you plan for the future through our investment advisory services. We can educate you on the various options available and assist you in making smart financial decisions.

Bookkeeping and Tax Returns Melbourne

Accounting Services

GSW Bookkeeping & Tax Solutions provides a variety of accounting and financial services at affordable prices throughout Melbourne.

We have strong relationships with financial planners, mortgage and loan brokers, and other financial service providers to ensure that all your financial requirements are met.

To find out how we can assist you call us any time.

Our range of services for individuals and businesses include:

• Tax return preparation
• SMSF establishment
• Rental property income and expenses
• Share trading income and deductions
• Taxation consulting and advice
• Property Investment Advice
• Negative gearing
• Depreciation Schedules
• Capital gains tax calculations

• Asset protection
• Setup of business structures
• Growth or sale of your business
• BAS preparation
• Bookkeeping and reporting
• Budgeting and cash flow forecasting
• Company secretary services
• Small business systems and training
• GST advice

We also provide a vast selection of services for small businesses, including:

• Employee pay advices
• Holiday pay and ETP calculations
• IAS as appropriate monthly accounting service
• Management reports
• Pay calculations
• Record of sick and annual leave

• BAS Lodgements
• Direct Credit
• Profit and Loss Reporting
• Year-end financial statements
• Year-end tax returns
• Capital Gains Tax Calculation

Affordable Tax Returns & Bookkeeping Accountant Melbourne

From the team at GSW Accounting

About us

Our team includes a Chartered Accountant, and we have over 50 years experience as accountants and tax agents. We are experts in MYOB and Xero. We can handle all types of businesses and business structures. We have worked for small businesses for most of our professional careers, and started running our own accounting business a year ago. We have vast experience in helping people starting out in their own business.

We work for our clients to obtain the best possible outcome – rather than just reproduce figures, we look at different scenarios to find the best solution for our client. We believe that our client has every right to get the best possible outcome and to minimise the amount of tax to be paid.

GSW are a small team, and without huge overheads we are able to keep our services extremely affordable – while still providing the highest quality service. You will always deal directly with the same person and will never be passed on to someone less experienced.

Welcome to KP Partners

Tax + Financial Advisers

At KP Partners, we are your “one stop financial shop” for all stages of your financial and business growth journey.

Helping you pay less tax with our professional tax structuring, advice and tax preparation services.

Assist business owners to efficiently record and comply with their tax and GST lodgement obligations.

Developing strategies to help business owners grow their business.

Ensuring your financial foundations are correctly in place to enable the building of wealth using our tax effective strategies for your hard-earned money.

Our Services

At KP Partners we aim to provide you with advice when your business needs it, not just when you ask for it. We help you manage every aspect of your business and because we establish a one-on-one relationship with each of our clients, our advice is tailor-made for your business. We’ve also developed our traditional accounting practices into innovative client-focused services. Our flexibility and adaptability ensure we help you get the best results.

Listed below are the services we offer. This list is by no means exhaustive, and our team of friendly staff are more than happy to talk about any services not listed here that you might require.

Business Services

• Budgeting
• Benchmarking
• Loans & Leases
• Payroll Services
• Business Start-up
• Software Solutions
• Cash Flow Forecasting
• Management Consulting
• Bookkeeping / Accounting
• Financial Planning

Specialist Services

• Trusts
• Valuations
• Estate Planning
• Rental Property
• Superannuation
• Buying a Business
• Selling a Business
• Company Secretary
• Succession Planning
• Information Technology
• Self Managed Superannuation Funds

Taxation Services

• GST
• Land Tax
• Taxation
• Duties
• Income Tax
• Capital Gains Tax
• Payroll Tax

About Us

Firm Profile

At KP Partners we are committed to forming close partnerships with you by really listening so that we understand your unique situation and customise our advice according to your requirements. We explain complex tax laws into clear and simple terminology and provide reports and advice that aim to help your wealth and business prosper and grow.

Our commitment to excellence is evident in our hardworking team of qualified Accountants and enthusiastic administration personnel. Our passion to serve our clients means you get a friendly team of professionals eager to use their experience and expertise to help you succeed!

Partner Profiles

Chriss Kovac B.A., CPA joined the firm over 25 years ago as a fresh faced Accounting Graduate in 1986. In that time Chriss has acquired a wide range of expertise and experience in all facets of tax and accounting and prides himself most on his hands on approach and in sharing his clients’ passion in achieving their future financial well being.

In addition to overseeing the Taxation and Accounting activities of the Practice, Chriss is also responsible for the smooth running of the firm at the administration level and ensuring that all Partners and staff work to the highest standards in providing first class service to clients.

Victoria Kong B.Com., CPA joined the firm in 1999 after working with a large Accounting firm in East Malaysia, and was promoted to Partner in 2004 and provides general business services ranging from preparing financial statements and Tax Returns to Business Activity Statements whilst also specialising in the audit of Self Managed Superannuation Funds.

More Than Your Accountant Your Wealth Creation Partner

Abacus has been providing taxation, superannuation, wealth creation, business start-up services and advice for over 30 years.

Our goal is to help you build a better, more profitable and valuable business by combining the knowledge of your business with our consulting tools and expertise. While for our individual clients, we aim to grow your personal wealth and assist you with any of your financial or tax queries.

Abacus Professional Services, the accounting firm that does more then just your tax. At Abacus, we specialise in business start-ups of small to medium businesses including all related Taxation, Accountancy and Business Structure requirements:

We believe small business owners want more than just tax returns and compliance from their accountant. If you want to build your business, grow your revenue and profits and increase the value of your business then contact us today. We are passionate about the success of your business and helping our clients build their personal wealth.

As an accounting firm we can help you with taxation, accounting, marketing, cash flow requirements, financial planning, estate planning, wealth creation and much, much more. We are always looking for ways to improve ourselves, our knowledge and our skills so that we can cater for all your needs and ensure that all your questions are answered.

A number of our clients are family groups and we guarantee you personal service, confidentiality and exceptional value for money. We listen to your needs, speak your language and no job is too big or too small for the team at Abacus. We look after individuals and help our clients grow and build their wealth via negative gearing and property investment.

We Solve Real Problems

What Can We Do For You?

Our Services

Just Say The Word, We Can Do It All!

More Than Your Accountant Your Wealth Creation Partner

Abacus has been providing taxation, superannuation, wealth creation, business start-up services and advice for over 23 years.

Our goal is to help you build a better, more profitable and valuable business by combining the knowledge of your business with our consulting tools and expertise. While for our individual clients, we aim to grow your personal wealth and assist you with any of your financial or tax queries.

Accounting For Trades People

Being in the trades or building industry you need an accountant who understands your business.

Here at Abacus Professional Services we appreciate the unique nature of the trades including the importance of cash flow, quotes, invoicing, job costing and scheduling, progress payments, retention and variations, tracking project profits and paying sub-contractors. This is in addition to the usual small business compliance issues of GST, BAS, PAYG and Superannuation.

The long hours and physical demands associated with the trades often means accounting and taxation issues don’t receive the attention they deserve. While GST, BAS and tax payments often represent some of the largest financial obligations for a business, most tradespeople fail to manage their tax appropriately. As a result we find many tradespeople pay too much tax, miss legislative obligations and expose themselves to substantial fines or interest penalties. Failing to adequately prepare for tax obligations can also play havoc with your business cash flow that is so important in the trades.

Accounting, Taxation & GST

A significant part of our strategy is to provide clients with timely and accurate advice on tax matters including legitimate tax minimisation strategies.  We bring a personal approach to tax and are able to provide expert consulting advice as well as meet your compliance requirements. Our range of accounting and taxation services include:

• Income Tax – BAS, IAS, PAYG
• Goods and Services Tax (GST)
• Capital Gains Tax (CGT)
• Fringe Benefits Tax (FBT)
• Superannuation including Self Managed Super Funds
• Small Business Tax Concessions
• Salary Packaging
• Managing and Preparing for Taxation Audits
• Business Start Up Advice
• Business Restructuring
• WorkCover
• Estate Planning
• Obtaining ATO Rulings
• Payroll Tax

Benchmarking

Have you ever wondered how your business is performing compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?

Survival in today’s business climate requires you to spend more time working ON your business rather than working IN the business.

What is Benchmarking?

Benchmarking is a way of assessing your business’ performance by comparison. Most businesses compare financial results with budgets and history – usually last month or last year. But all these comparisons are internal.

On the other hand benchmarking compares your performance with others in your industry or related industries, so that you can measure yourself against the best, average and poorer performers. Benchmarking also allows you to assess where other businesses are doing things differently which may help you to improve your own business practices and results. We generate comparative reports and graphs that are easy to understand and we spend time with you making sure that you understand your industry averages and analysis.

Benchmarking Characteristics

You can benchmark your business against a variety of characteristics including:

• sales and turnover
• profitability
• overheads
• key performance indicators such as Gross Profit, Wages to Turnover and Net Profit
• pricing structures and fees
• number of customers
• staff turnover

Loans & Mortgages

Our strategic alliance with a leading group of mortgage brokers provides our clients with access to over 30 lending institutions who offer hundreds of different loan products.

With around 40% of Australian loans now sourced through mortgage brokers, the service is designed to:

• Provide you with loan funds at interest rates lower than the ‘Major Lenders.’
• Show you the most effective way to cut years (and tens of thousands of dollars) off your debt.
• Ensure your loan is individually structured to meet your needs.
• Our specialist finance brokers offer an obligation-free assessment of any current mortgage you may have.

As a guide, the brokers can assist you with finance applications for:

• Home Loans
• Refinancing
• Commercial Loans
• Investment Loans
• Business Loans
• Non-Conforming Loans
• Lines of Credit
• Debt Consolidation

Negative Gearing

What is Negative Gearing?

Negative Gearing by definition is where you borrow to acquire an investment and the interest and other tax deductible costs you incur exceed the income you receive from the investment.

While Negative Gearing is commonly associated with rental properties, it can also be applied to other types of income-producing investments such as shares and managed funds using what is often called ‘margin loans’. In terms of property investment, negative gearing refers to a situation where your expenses to maintain the property (including mortgage interest) exceed the rental income.

Creating wealth through purchasing an investment property is a well established practice in this country.  The attraction of borrowing or gearing to invest is that it enables you to invest in shares or property that might otherwise have been unaffordable.  For individuals, the loss can also be offset against other assessable income and the tax benefit will depend on your marginal tax rate.

Recession Proof Your Business

Just as evolution in animals dictates that only the fittest survive, in a recession it is generally survival of the smartest.

In this country we seem to have a recession-like economy happening every seven to nine years and almost 75,000 Australian businesses were wiped out in the last downturn.  To survive business owners must find a way to plan their way past potential threats including higher interest rates and fuel prices plus declining consumer confidence.

In recessionary times business owners must strike a delicate balance between pessimism and optimism, ensuring expectations are realistic but not giving up on growth. Smart business owners know that a recession presents an opportunity and it’s time to spend more time working ON your business rather than IN it

In good times the weaknesses in a business can be hidden but when the going gets tough, both the strengths and weaknesses will surface. Problems emerge when bad financial management habits spill over into tougher economic times. As your accountant our role includes identifying those weaknesses and helping you amend the strategic direction of the business. We combine the knowledge of your business with our experience and some ‘intelligent’ forensic software tools to detect the early warning signs and then work with you to develop strategies to move forward

Don’t sit idle with a wait and see mindset in the event of a downturn. Be pro-active and try and recession proof your business by driving increased productivity and growth using these ideas. There is no magic bullet to recession proofing your business but we have compiled a list of 10 strategies in a bid to help grow and protect our clients because … Small Business is Our Passion.

Self Managed Super Funds

There are now more than 300,000 Self Managed Superannuation Funds (SMSF) in Australia and the number continues to grow.

A SMSF is basically a superannuation fund with one to four members who are also trustees responsible for the investment strategy and administration of the fund within strict Australian Taxation Office (ATO) guidelines.

In assessing whether an SMSF is suitable for you we prompt the following questions:

• Do you have a substantial amount in personal superannuation? (As a guide, a minimum of $200,000 would be required due to establishment costs and ongoing management fees.)
• Do you enjoy learning about your investments and have the time to regularly review their performance?
• Would you like increased flexibility in estate planning, more investment options and greater responsibility for your own retirement funds?

If you answered ‘yes’ to these questions, you may be suited to having your own SMSF.

Whilst there are potentially great benefits, having a Self Managed Super Fund requires time, effort and discipline plus they also attract extra ongoing fees including annual audit fees.

Call our office to discuss your superannuation options including establishment of your own SMSF.

Starting Or Buying A Business

Starting or buying a business necessitates risk, research, passion and planning.  Just like a game of chess, to succeed you need to make the right opening moves.

The harsh reality is that enthusiasm, money, talent or a great idea is not enough to guarantee success in business. There is an old saying, ‘people don’t plan to fail, they just fail to plan.’ This is both valuable advice and a warning for people intending to start a business.

The business evaluation and establishment phases can be periods of great anxiety due to a combination of excitement, uncertainty and financial risk. Make no mistake, the risks are real as the latest figures from the Australian Bureau of Statistics suggest that 42% of new businesses won’t be around in 3 years time. Even though franchising is considered to be the most successful form of small business, a 2008 study indicates:

• Only 81% of franchisees are profitable
• 58% of franchisees generate a profit of less than $50,000 per annum
• 3% of franchisees generate a loss of more than $50,000

The small business journey can be both challenging and rewarding and we are here to guide and support you. Having previously assisted so many clients in your situation we would like you to benefit from our experience and help you make the right opening moves. Too often people starting a business simply end up creating a ‘job’ that denies them the freedom and flexibility they set out to achieve.

Successful businesses have clear objectives, produce quality products or services, understand their market, manage their money properly and are good employers. They also keep quality records and have a close relationship with their accountant. When establishing your business it’s important to seek sound professional advice from qualified accounting and legal sources.

We are not your average accounting firm that just keeps the score. Our clients enjoy a ‘business coach’ relationship and we work on your business to develop strategies, systems and processes to ensure your marketing generates a better return and repeat business. We use tools and techniques to monitor sales, productivity and make your financials more meaningful.

Your business success is important to us because Small Business is Our Passion.

Vehicle & Equipment Finance

There are a number of different ways to finance the purchase of vehicles and equipment for your business. Leasing, chattel mortgage and commercial hire purchase each have different tax, accounting, GST and FBT implications.

As your accountants we are committed to saving you money and giving you the most tax effective advice regarding your asset purchases.

We utilise an on-line vehicle and equipment finance service that provides highly competitive quotes from a panel of major lenders.  Having all your financial information on hand and understanding your tax situation guarantees fast approval and the correct advice.

The Bottom Line Business Advisory is a cloud-based accounting firm offering taxation, accounting, and bookkeeping services in Melbourne South East . We will make sure that you will get your taxes right, provide ongoing advice and ensure you will get the maximum possible refund. Our values are at the heart of our business. We exude innovation and always looking for better ways to do things to add value to your business. We are constantly looking to grow your business, and the role of our accountant will be hand and hand with you, serving as your business partner. We always handle ourselves in a professional manner which will leave you feeling appreciated, valued and well serviced. We can streamline your business needs by offering a cost-effective and effortless approach to taking care of your books and accounts.

Services

ACCOUNTING & BOOKKEEPING

We are a cloud based firm. No more paper and no more data entry. Our range of cloud software include but not limited to: Hubdoc,  Receipt Bank, Xero, MYOB, Reckon One and QuickBooks. We help our clients save time, increase profits and grow their business. No duplication or lost info as all data is saved securely to the cloud. We manage our clients’  books and provide them with invaluable information to support their decision making and running their business end to end.

TAXATION

With maximum available refunds, easy and convenient as you upload your documents online , save time and have peace of mind using our checklists and two-stage review process before lodgement.

SELF-MANAGED SUPER FUND

We offer a comprehensive taxation advice and compliance services to give trustees a piece of mind by utilising cutting edge cloud technologies and Simple Fund 360. Simple Fund 360 makes it easy for you to monitor your balances, contribution caps, pension limits, performance and investment strategies with real time access to accurate information.

BUSINESS ADVISORY & START-UPS

Whether you are starting up or want to grow your business we will be your business partners in your journey to success, we can offer advice on the most relevant business Structure, design your accounting systems and establish your internal controls. Throughout your journey to success planning is essential, we can help writing your business plan, getting your budgets and cashflow projections ready for launching.

About Us

The Bottom Line Business Advisory (TBL) was founded on 2016 with a vision of its founders to assist Small to Medium Size Businesses in their Journey to success. We see the role of an accountant as a Business Partner that creates and shares stories of success with their clients as their own. We value your business whether it is a start-up, Sole-Trader, Partnership, Trust or an established business.

At the Bottom Line, we pride ourselves in doing things differently… smartly… effectively and efficiently. We utilise innovation, technology and software to save you time that you would otherwise spend growing your business. We will make sure that you are equipped with the right information to enable you to make informed decisions.

We also look after individuals so you will not be burdened with your tax obligations. We will make sure that you will get the maximum possible refund and provide you with a step-by-step guide and a checklist to make your life less stressful when it is tax time. The majority of our clients appreciate the flexibility of our remote services; however, we are happy to meet face to face at our office at Waterman Business Centre.

Our firm is CPA certified which is a mark of high professional competence. This also guarantees that your accountant is keeping up with latest tax and accounting changes, especially pertaining to small business.

TBL is a registered Tax Agent and ASIC agent. We are also certified advisors of Xero, Quickbooks.

Having an Arabic speaking Accountant, we are happy to serve the Middle Eastern community across Melbourne and beyond. For the competency, integrity, professionalism of our firm, we were privileged to provide services to our clients from all states in Australia.
Our office is conveniently located in Chadstone in the south east region of Melbourne. So assist businesses and individuals from Chadstone, Malvern East, Malvern, Toorak, South Yarra, Mount Waverley, Oakleigh, Narre Warren, Hallam, Wantirna, Glen Waverley.