Beaumaris

ACCOUNTING DIRECT

We are a proactive practice that’s works as a team to provide a great service to our clients. Offering affordable advisory services in range of accounting, taxation throughout Australia.

Our qualified Accountants specialise in all business accounting and tax matters and can apply their expertise based on years of industry experience.

We make sure your business objectives are aligned with your personal wealth goals. In the long term, your business can help you enjoy the lifestyle you’re dreaming of. We’ll help you make it happen.

Our commitment is to help our clients create a better future.

 

SERVICES

Business Advisory

We want to help your business to succeed. Whether you are a start-up or established presence, our business advisory services will optimise your company’s performance and help your enterprise grow.

 

Tax Consulting

We provide tax accounting services and small business tax advice to get your tax strategy in place as early as possible. As part of our comprehensive tax planning process, we make sure that any business or trust structures are as tax-effective as possible.

 

GST & Reporting

If you require assistance managing the complexities of GST such as when to apply it, payments, credits and completing Activity statements, Accounting Direct Accountants has the expertise to ensure this aspect of your business activity is managed and controlled.

 

Corporate

Accounting Direct can provide all the administrative services required to set up companies (including registration of business and trading names), establish and maintain all types of trusts, as well as the services required for compliance with corporation law.

 

Outsourcing

Ensuring knowledge of the newest laws, we take care for your business by providing a top quality consultants and managing of your taxes. We keep you were it matters.

 

Property Development

If you’re thinking of increasing your investment returns by building or developing a residential property our firm can provide you services to help you achieve your goal. We are Australia’s premier property development consultancy and can take care of all the day to day worries for you.

 

 

Business Advisory

We want to help your business to succeed. Whether you are a start-up or established presence, our business advisory services will optimise your company’s performance and help your enterprise grow.

We can take care of the basics like bookkeeping, payroll, GST and other reporting. whilst you concentrate on your business and by working together helping it grow.

 

Personal Tax Returns

Do I need to lodge a Tax Return?

Full details of who must lodge a tax return are on the ATO website. Taxpayers who must lodge a tax return include:

Most resident individuals whose total assessable income exceeds the $18,200 tax-free threshold for the income year.
A taxpayer who last year paid Pay As You Go Instalment Tax irrespective of income (if they wish to recover the tax).
Every individual carrying on a business or profession regardless of income or loss.
A resident taxpayer earning less than $18,200 who has had tax withheld from that income.
A taxpayer who has been asked to submit a return by the Commissioner. A full tax return is required even if there is no assessable income to report.
A resident minor (under 18 on 30 June) who received income from dividends or distributions greater than $416 and franking credits were attached or tax was withheld.

 

GST

If you require assistance managing the complexities of GST such as when to apply it, payments, credits and completing Activity statements, Accounting Direct Accountants has the expertise to ensure this aspect of your business activity is managed and controlled.

We can assist with :

• Annual GST returns and reconciliations
• Business Activity Statements
• Instalment Activity Statements
• Registration/Deregistration – GST, ABN, PAYG

Financial and Management Accounting

 

Accounting Direct Accountants offers a comprehensive range of financial and management accounting services. By providing reliable and timely information we assist our clients to make informed decisions for their businesses.

Our focus is always on achieving maximum profits for our clients in both the short and long terms. We employ our expertise to give our clients day–to-day support such as bookkeeping, accurate forecasts and reports to reveal the financial performance and state of their business.

Within financial and management accounting we provide the following services:

• Bookkeeping
• Budgets
• Cashflows
• Financial statements
• Maintenance of Asset Registers

 

Corporate

Accounting Direct Accountants can provide all the administrative services required to set up companies (including registration of business and trading names), establish and maintain all types of trusts, as well as the services required for compliance with corporation law.

Companies :

• ASIC Compliance
• Changes to Officeholders & Addresses
• Company Deregistration
• Company Name Change
• Company Registration
• Company Reinstatement
• Company Review – Annual Returns
• Company search
• Constitution
• Copy of Certificate of Registration
• New company set up (including all registrations)
• Share Transfers

 

Outsourcing

Customer First’ is the core value of accounting direct. We understand that every business has a unique set of objectives, and therefore, needs a partnership that can strategically align with these objectives. We align our people, processes and delivery network according to our clients’ businesses. Our talent spans highly qualified professionals from various domains, including chartered accountants, IT professionals and Financial Analysts.

With our customer-centric approach, we create a well-defined ecosystem that drives internal business strategies of clients by managing following:

• End-to-end accounting and reporting cycles
• Reconciliation
• Order to Cash (OTO)
• Procure to Pay (P2P)
• Accounts Payable (AP) & Accounts Receivable (AR)
• Payroll Accounting

Providing multiple finance efficiency and effectiveness levers, that will enable the businesses to have a significant impact to the top- and bottom-lines.

 

Property Development

If you’re thinking of increasing your investment returns by building or developing a residential property our firm can provide you services to help you achieve your goal. We are Australia’s premier property development consultancy and can take care of all the day to day worries for you.

• Finding the right site for you including pre purchase feasibility studies and development analysis using our 20 years of property experience. This ensures that you enter into any transaction with your “eyes wide open”.
• Evaluating town planning and development issues.
• Finance procurement through leading banks and mortgage brokers ensuring that you obtain competitive finance.
• Design management using an architectural team experienced in designing projects with strong market appeal that can be built economically.
• Comprehensive design and cost assessment for your independent verification prior to any final commitment.
• Town planning approval procurement as well as surveying and subdivision services using the resources of our experienced team and senior consultants.
• Construction project management and administration to ensure your project runs smoothly, on time and on budget. We can safely say this because of our track record of which we are extremely proud.
• Finding the right joint venture partners to help you finance your project.
• Marketing co-ordination using our network of agents to sell or lease your property for you at top market prices.

Our flexible service model allows us to provide our clients with premium tailored property services at fair and transparent fees.

 

Services

As a specialist taxation and advisory firm, we don’t force round pegs into square holes. We build our procedures to fit your firms specific requirements. Like to receive files by Dropbox®? We can do that. Prefer to get old- fashioned correspondence by mail? Need bookkeeping or just payroll help in addition to accounting services? We can help. Need finance advice as well? Not a problem. We will develop a service process that’s appropriate for your needs.

 

 

Business Accounting Services

EWM Accountants can deliver you financial information you want, right when you need it.

At EWM Accountants & Business Advisors, the Accounting services we provide are:

• Budgeting
• Business Advisory
• Cash Flow Management
• Ownership Structures
• Trusts
• Asset Protection

As a modern business owner you require real time, accurate financial information in order to run and manage your business effectively and efficiently.

We can relieve you and your team of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes which also creates greater capacity internally so you can grow your business.

We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.

 

Taxation Services

EWM Accountants can ease tax issues because we understand it. We take pride in delivering relevant and valuable tax advice.

 

Do you want to:

• Reduce your tax?
• Improve your lifestyle now?
• Pay less tax on your income?
• Use tax to increase your wealth?
• Be able to invest more in superannuation?
• Tax effectively diversify your investments?
• Increase your cashflow for new investments?

EWM Accountants will help you achieve your goals. Offering the best in the administration and management of tax requires flexibility, value for money, runs on the board and most importantly the ability to understand your own or your business’s specific requirements. Tailored tax solutions through EWM Accountants & Business Advisors offer the ability to be flexible, adapt and make changes when and how you require, ensuring you make the most of your cash flow to suit your needs.

 

Our Taxation services

• Income Tax Advisory
• Salary Packaging
• Payroll Tax
• Capital Gains Tax
• GST
• Managing Tax Risk
• Tax Planning
• Structuring
• Fringe Benefit Tax

Depending on your circumstances, it is possible to make legitimate, legal decisions which significantly impact the tax you pay. Firstly, you must ensure you are claiming the tax deductions you are already entitles to.

 

Bookkeeping Services

We provide a full range of bookkeeping services to give you more time to do the things you enjoy.

 

Modern businesses requires up-to-date, accurate financial information readily available.

EWM Accountants can relieve your business of the enormous burden of all the bookkeeping and accounting needs which includes preparation of annual accounts, business appraisal and planning purposes. EWM Accountants maintains the latest knowledge of changes to tax laws affecting your business to ensure you are receiving the right advice.

We provide an accurate and timely service to all our clients using our state of the art technology which ensures security and peace of mind.

 

 

SELF MANAGED SUPER FUNDS (SMSF)

SMSFs are a very powerful retirement planning vehicle that allows you greater flexibility and control over savings and investments. SMSF is a superannuation fund with one to four members where the members actively participate in the fund’s management. SMSFs are also sometimes referred to as DIY funds, mum and dad funds or family funds.

 

 

ATO Audit Help & Assistance

At EWM Accountants, we view Audits not as an overhead or a necessary evil but rather as a great opportunity to review your business.

 

EWM Accountants provides audit services to all industry groups from SMEs to large firms, government, incorporated associations and sporting clubs.

ATO Compliance and Audit Assistance

Our team of specialists keep up to date with the latest business regulatory and compliance procedures to ensure your business achieve the highest quality of audit and insight. At EWM our audit team are committed in understanding your business from a holistic perspective and working with you in achieving the most cost-effective audit to be conducted and completed in an acceptable time-frame. Our audit management reports give you comprehensive picture of your business and can advise on the best ways to tighten your procedures and controls within the business.

 

 

Business Finance And Insurance

We can find you the most affordable and effective finance and insurance options to suit your needs.

 

Finance & Business Insurance

Our Finance service is designed to:

• Provide you with loan funds at interest rates lower than the major lenders
• Design the loan to meet your needs
• Show you effective ways to lower the years and dollars off your debt

We can assist with your finance needs including:

• Home Loans
• Commercial Loans
• Refinancing
• Investment Loans
• Lines of Credit
• Debt Consolidation

 

Business Review & Planning

Ewm Accountants Offer A Full Suite Of Services To Assist You In Buying And Selling Businesses, Or To Just Keep Your Business On Track.

 

EWM Business Review & Planning Services

Continual review and assessment of your business is key to staying financially on track and in control. Our team of trusted financial experts will review your business financial situation and advise you on how to minimise costs, secure wealth and manage investments.

Along with our Business Review Service, EWM has many other advisory services to help you achieve your financial goals including:

• Succession Planning
• Business IT System advice
• Cashflow Budgeting
• Benchmarking
• Asset Protection
• Retail/wholesale

 

 

Growth Maximiser

EWM Accountants is focused on helping you grow your wealth.

 

We provide a unique service that allows us to help identify area’s of your business and/or your personal circumstances which allows us to provide advice and solutions to achieve greater success for you.

We have two versions we can work with you on:

• A FREE 7 min Growth Maximiser consultation
• A detailed Growth Maximiser consultation that we will discuss with you.

 

 

Payroll

Assigning your payroll to EWM Accountants allows you to focus on what you do best by saving you time and money.

 

At EWM Accountants, our Payroll services help you streamline your costs whilst keeping peace of mind that your staff are being paid accurately and on time.

Managed Payroll services provide major benefits to your business:

• Peace of mind
• Reduces your costs
• Ensures your business is compliant
• Saves Time

 

Retirement Planning

EWM Accountants can provide sensible advice on structuring your personal financial needs and requirements to meet your retirement plans.

 

At EWM Accountants, we recognize that general accounting and tax compliance is generally a core requirement for our clients. However, our pro-active approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Retirement planning is all about organizing your assets and savings into a plan which will meet your goals for retirement. Our team will talk to you about strategies to reduce your tax, maximize your superannuation and much more. We will work with you to develop a strategy that builds your capital whilst you are still working by selecting investments that will produce competitive and tax- effective returns, delivering a secure and regular income stream.

Our retirement calculator will allow you to estimate what assets you need to accumulate to afford your elected retirement income.

 

 

Virtual CFO

Our Virtual Chief Financial Officer service can help your business succeed through freeing up yourself and your team to grow the business rather than get tied down in internal administration

 

Our Virtual CFO service provides your company with a high level of financial management and analysis normally only received if you hire an experienced Chief Financial Officer full time in your business.

The range of Virtual CFO services we deliver includes:

• Financial statement preparation and review
• Budgeting and analysis of your company’s actual performance versus the budget
• Financial analysis
• KPI Dashboards
• Forecasting
• Profit improvement

 

 

Welcome to SMS Accounting Partners

At SMS Accounting Partners we integrate our expertise in the Tax and Finance gained through the years. We ensure that clients receive the fruits of best business practices and long term financial stability. SMS Accounting Partners is a leading Tax and Finance strategy planning company that ensures that their clients can manage their tax affairs for their respective entities in the best possible way. The company was established with an aim to make best use of their expertise and knowledge in accounting, taxation and financial planning to cater to a wide range of client needs, while delivering efficient outcomes in relation to tax affairs and wealth creation goals.

The company comprises of a team of able, experienced and highly qualified accountants that ensure to provide their clients with best and extremely effective finance practices to help in ensuring long term financial stability. Our company culture strongly stresses on continual learning to expand our knowledge and stay abreast with the latest regulations to ensure that we can deliver the best possible advice for our clients. SMS Accounting Partners is known for its reliability and efficiency in strategies and practices relating to Taxation and financial planning services for businesses and individuals.

 

OUR SERVICES

Tax Returns

• Individual
• Company
• Partnership
• Trust

 

Business Activity Statement

Business Setup and Registration

• Company
• Partnership
• Sole Trader
• Trust 

Capital Gains Tax

Bookkeeping Services

Financial Reports Preparation

Budgeting and Cashflow Report

Payroll Services

 

 

PERSONAL

As an Australian resident for taxation purpose, it is a requirement to declare all income that you have received worldwide in your personal / individual tax return.

SMS Accounting Partners located in Melbourne’s various Suburbs like Oakleigh, Dandenong, and Point cook is the best option to assist you in the preparation of your individual tax returns. You can get your individual tax return done by simply calling our office and speaking to one of our friendly staff and providing some basic information or you can fill your details in Contact us form from our website. Dealing with hundreds of income tax returns every year, our team is capable enough of solving each and every query that you may have to maximize your eligible deductions whilst still being ATO compliant.

List of Documents

To make the most of your appointment, we advise that you bring the all of the following documents that are relevant to you:

Deductions

• A list of work-related expenses (with receipts). This includes your motor vehicle log book
• Interest and fees on investment loans
• Donations to charities (unless you get a ticket to win something in return, those ones don’t count)
• Details of amounts spent on self-education.
• Fee charged for previous year’s tax return
• Income protection insurance
• Sickness and accident insurance
• Private health insurance statement from the provider.
• Any extra superannuation contributions
• Amount of HELP debt or Financial Supplement loans outstanding

Income

• PAYG Payment Summaries (previously Group Certificates)
• Details of any distribution from companies, trusts or partnerships
• Payment Summaries from Centrelink
• Interest earned from bank accounts
• Share dividend statements

Other

• Spouse details (Full name, income etc)

 

CORPORATE

Are you worried about your company tax return obligations with ATO? We at SMS Accounting partners, team of tax experts are here to guide you from your tax time worries and get your Company Tax Returnsdone.

Our Experienced and qualified staff with all kind of tax structures thus can give you ATO-compliant tax returns and provide advice on how to minimize tax payable by claiming all eligible deductions that you may not have been aware of.

With the constant changes in the Australian tax laws, it is difficult to keep up to date with the rules and regulations of different fields. No matter what field you are in, whether it is in construction, medical or retail, SMS Accounting partners are constantly updated with the changes and will ensure that your tax returns are prepared in compliance with the ATO rules.

SMS Accounting partners will also remind you of your pending returns every year and thus you will be safe from lodging late tax returns and receiving to avoid a late lodgement penalty.

Small Businesses

Starting 1st July 2015, the government has introduced a range of tax concessions for businesses with a turnover of under $2 Million. Contact us to learn more about the Small Business concessions like simplified depreciation ($20000 instant depreciation, small business pool etc.) and small business tax offset.The Company will generally pay tax at the rate of 28.5% of its net profit if it has an aggregated turnover is under $2 million. For Companies with an aggregated turnover in excess of $2million then the tax rate is 30%.

The 2016 Federal Budget has proposed to increase the threshold to $10 Million and reduce the tax rate to a 27.5% for small businesses, as part of a Ten Year Enterprise Tax Plan of the current government. Please refer to our blog section for further details. The legislation is pending approval of the budget.

Deductions

• A list of work-related expenses (with receipts). This includes business motor vehicle logs
• Receipts of charitable donations
• Interest and fees on investment loans
• Donations to charities (unless you get a ticket to win something in return, those ones don’t count)
• School building levies and library funds
• Fee charged for previous year’s tax return
• Insurance details

GST

SMS accounting partners is registered to cater to your GST needs as well. We offer a one-stop shop for all your accounting needs and keep you compliant with all the ATO regulations. Please contact us to discuss an annual package for managing your tax affairs.

Record keeping obligations

• Details of all the directors, shareholders and secretaries
• Details of the changes if the persons authorised to act on behalf of the organisation have changed
• The date of dissolution (if applicable)
• The date of the reconstitution (if applicable)
• Variation of business agreement: Keep a copy of any variation to the business agreement for the life of the partnership plus five years.
• Business records including: books of account (with accounts for each beneficiary’s capital contribution, drawings and share of profit or loss), minutes of business meetings, and memoranda of decisions reached, especially regarding shares of income and losses.
• Depreciation worksheets

 

 

PARTNERSHIPS

Partnership firm is required to lodge a tax return at the end of each financial year. Partners running a partnership firm are liable to pay tax for their share of income from the partnership firm. Each individual in the partnership firm has to lodge their individual tax returns as well as partnership tax returns. Partnership tax returns should allow assessable income with legal expenses and deductions to compute net income/loss for the financial year. Our experienced staff will help you identify your business expenses which can be deducted against partnership income.

SMS accountingpartners will work with your tax return so that you can rest assure that you are getting all the right deductions claimed. Before lodging any tax return we confirm, compare and update every detail to provide you with accurate results to avoid ATO audits and penalties. SMS Accounting Partners will provide you with highly professional services will allow you to grow in your business.

Record keeping obligations

• Details of the partners, including TFN, Date of birth and address.
• Details of the changes if the persons authorised to act on behalf of the Partnership have changed
• The date of dissolution (if applicable)
• The date of the reconstitution (if applicable)
• Variation of partnership agreement: Keep a copy of any variation to the partnership agreement for the life of the partnership plus five years.
• Business records including: books of account (with accounts for each partner’s capital contribution, drawings and share of profit or loss), minutes of partnership meetings, and memoranda of decisions reached, especially regarding shares of income and losses.

Deductions

• A list of work-related expenses (with receipts). This includes business motor vehicle logs
• Interest and fees on investment loans
• Donations to charities (unless you get a ticket to win something in return, those ones don’t count)
• Fee charged for previous year’s tax return
• Superannuation contributions paid as part of the Superannuation Guarantee

 

TRUST

SMS Accounting Partners also provide service for Trust tax returns. Trust Forming and managing is a complicated process which needs professional guidance. All the trustees have the responsibility to meet the tax obligations of the trust including the lodgement of the trust tax return, without the Proper understandings of the tax laws this may be a very confusing and difficult to manage. If you are thinking, of what to do and how to do your trusts tax return, contact us and let one of our experts help you manage the tax obligations and prepare your trust tax returns.

Record keeping obligations

• Details of all the beneficiaries.
• Details of the changes if the persons authorised to act on behalf of the organisation have changed
• The date of dissolution (if applicable)
• The date of the reconstitution (if applicable)
• Variation of business agreement: Keep a copy of any variation to the business agreement for the life of the partnership plus five years.
• Business records including: books of account (with accounts for each beneficiary’s capital contribution, drawings and share of profit or loss), minutes of business meetings, and memoranda of decisions reached, especially regarding shares of income and losses.

Deductions

• A list of work-related expenses (with receipts). This includes business motor vehicle logs
• Receipts of charitable donations
• Interest and fees on investment loans
• Donations to charities (unless you get a ticket to win something in return, those ones don’t count)
• School building levies and library funds
• Fee charged for previous year’s tax return
• Insurance details

 

Our Services

Aubrey Paton & Associates prides itself in the provision of accurate and concise Tax, Accounting and Business services –

Personal Services

• Income Tax Returns
• Instalment Activity Statements
• Professional Advice
• Overseas Employment
• Australian Taxation Office Liaison

Business Solutions

• Income Tax Returns
  • Sole Traders
  • Partnerships
  • Companies
  • Trusts
  • Superannuation Funds

• Business Activity Statements
• Instalment Activity Statements
• PAYG Instalments and Withholding Tax

• Starting up, Buying or Selling a Business
  • Business Name Registration
  • ABN Number Registration
  • Form 19 Vendors Statement
  • Company, Trust Creation and Establishment

• Superannuation Fund Establishment

• Taxation Planning
• Accounting Services
• Bookkeeping Services
• Corporate / Trust Secretarial Work
• Succession Planning

• MYOB Certified Consultant
  • Software & Computer Support
  • Installation & Configuration
  • Bookkeeping
  • Data Entry
  • Payroll Set-up & Support
  • Sales & Support
  • Business Management Services
• Assistance and Support with Software Packages and Installation
  • Quicken, Quickbooks, Cashflow Manager

3rd Party Services

• Business Finance Loans
• Personal Loans, Housing Finance
• Equipment & Vehicle Finance
• Financial Planning
• Wills and Estates
• Legal Assistance – Tax & Civil

 

Perreemium Accountants & Advisers is a public accounting business located in Melbourne in the south eastern suburb of Oakleigh that provides quality personalised service and long-term client partnerships.

As a starting point, we help clients with their compliance obligations, such as:

• Tax returns
• Annual financial statements
• BAS statements
• Self Managed Super Fund (SMSF) annual accounts, tax and audit
• Company ASIC obligations

We make it easy it for you to comply with your obligations and we then use that information to provide strategic proactive advice to enable you to improve your financial position.

 

Perreemium’s philosophy is to work with you to identify what is important to you and design a plan or “road map” to assist you in achieving these important goals. We build a holistic relationship with you by working to set targets and we use tailored strategies to guide you on your “journey” to achieve them. This collaborative approach has aided many of our clients to make smart financial decisions now so they have a better financial future.

WE HELP YOU MAKE SMART FINANCIAL DECISIONS NOW SO YOU HAVE A BETTER FINANCIAL FUTURE

For businesses this may mean having a virtual CFO, someone to do your payroll, monthly reporting, statutory accounts and BAS statements. This means you can focus on growing your business rather than worrying about “red tape” compliance work.

For individuals this may mean an annual review of your financial plan and any changing circumstances and review of your investment strategy so that you have enough money for a holiday, your children’s education, a new house or new car and a comfortable retirement.

 

KEY SERVICES

Save tax, grow profits, improve cashflow, increase sales, increase the value of their business and super so they can retire comfortably.

 

• Accounting & Tax
• Business Services
• Financial Planning
• SMSF

 

ACCOUNTING & TAX

TAX RETURN & TAX PLANNING
We offer a full range of taxation services from taxation planning and tax minimisation strategies, to preparing and lodging your business GST, BAS, FBT, Payroll Tax and Tax Returns. With tax legislation constantly changing we stay abreast of the latest changes to ensure you are compliant and benefit from all your eligible deductions.

PERSONAL INCOME TAX RETURN
Let us take the hard work out of lodging your personal tax return. Our experienced team will talk to you about deductions you may be eligible for depending on your occupation. We will quickly lodge your tax return so that you get your tax refund fast.

BUSINESS STRUCTURING ADVICE, ANNUAL REPORTING & TAX RETURNS
A Company or Trust can be a useful way to protect your personal assets from the dangers of running a business and our specialist advice can determine the best structuring option for your business. Once your business is established we can assist with all the annual statutory requirements.

SELF MANAGED SUPER FUNDS (SMSFS)
If you want to have more control over your superannuation investment choices, we can help you set up your own self managed super fund. We offer annual administration & accounting, tax return and audit so that your fund is compliant. By taking charge of your retirement nest egg you can reap the rewards when you are ready to retire.

 

BUSINESS SERVICES

At Perreemium we partner with businesses to form long term relationships. Whether you need help establishing your business structure, changing your structure to protect your assets, registering for GST or someone to do your BAS, FBT and payroll tax, we offer a variety of business services so you can focus on managing and growing your business.

BUSINESS ENTITY ESTABLISHMENT
When establishing a business it is important to begin with the end in mind by considering both your business structure and future growth projections. Will you be a sole trader, partnership, trust or company? The choice will affect licensing requirements, how much tax you pay, your personal liability and your ability to employ staff as well as the amount of paperwork required. These factors all need to be taken into account.

As your business grows or changes you may need to vary your business structure to bring in new partners or to protect your assets. At Perreemium we have extensive experience in establishing and changing business structures and our business services team will advise you on the advantages and disadvantages of each option and on the structure that will suit your current and future requirements.

GST & BAS BUSINESS REQUIREMENTS
Businesses with a turnover of over $75,000 are required to register for GST. Businesses generally report and pay their GST quarterly or monthly. Perreemium have a team of dedicated professionals who can take the hard work out of reporting and lodging your business activity statement (BAS) so you can concentrate on your business rather than on paperwork.

FBT (FRINGE BENEFITS TAX)
Businesses that provide certain benefits to their employees such as company cars, paid car parking and meal entertainment costs may be required to pay FBT. You can often claim an income tax deduction for the taxable value of the fringe benefit provided. Perreemium will advise you of the most advantageous way to package fringe benefits for your key employees and will lodge your annual FBT Return.

PAYROLL TAX
If you are employing staff in Victoria and your monthly wages exceed a certain threshold (2015/16: $45,833 ) you are required to pay payroll tax. Perreemium can calculate the amount of monthly payroll tax payable and lodge your monthly returns. Indeed we have clients that outsource their entire payroll function to us. Speak to our business services team to work out a solution that fits your business needs.

ASIC OBLIGATIONS
Every company must ensure its Directors and Shareholders names and addresses are up to date so that ASIC’s Company database is accurate. Perreemium can prepare and lodge all relevant forms with ASIC including the Company’s Annual Return statement. Ask our team for more information on the requirements for the ASIC review.

 

FINANCIAL & RETIREMENT PLANNING

WHY DO YOU NEED A FINANCIAL PLAN?
Without a financial plan we tend to spend what we earn. Having a financial plan will help us define and reach our goals, whether that’s saving a deposit for our first house or investment property, having enough money for a family holiday or the kid’s education. We all know that one of the keys to wealth creation is being able to make your money work for you over time so that the earlier you save and invest the bigger the reward over time. It is never too early or too late to have a financial plan and to start planning for a better future.

WHAT DOES A FINANCIAL PLAN CONSIST OF?

Firstly we do a “Financial Health Check” to assess where you are now.

Then we assist you in goal setting, – and defining where you want to be and what you want to achieve over time.

Finally we create a holistic financial plan, which will realistically show you how to get there.

If you already have assets your financial plan will include estate planning to ensure your spouse and family are protected in the event of the unexpected.

Specifically your financial plan may include advice on:

• Debt Reduction
• Consolidation of your superannuation
• Investment strategies
• SMSF
• Personal Insurance
• Shares / Managed Funds / Gearing
• Retirement planning
• maximizing your Age Pension entitlements
• Aged Care advice
• Intergenerational planning

 

 

SELF MANAGED SUPER FUNDS

Self Managed Super Funds (SMSFs) are increasingly being recognised as a powerful retirement vehicle for those who desire greater flexibility and control over their savings and investments in retirement. For the right individuals, the benefits of an SMSF are numerous.

CONTROL AND FLEXIBILITY OVER INVESTMENTS

SMSFs offers its members a greater choice in where they are able to invest their retirement savings, for example direct shares, managed funds, bonds, and alternative investments. Not only are members given a greater choice in their selection of investments, they are also able to implement more sophisticated investment strategies to suit their individual needs and circumstances.

Benefits of SMSFs:

• Implementation of effective tax management strategies
• Flexibility to make timely investment decisions when market conditions change.
• Up to four fund members so you can include your family, increasing investable savings and keeping fees lower for everyone.
• Lower fees compared to industry and commercial funds (depending on your Super balance)
• Flexible pension planning and management
• Control and flexibility in estate planning

SMSF ESTABLISHMENT

Perreemium facilitates quick and simple establishment of your self managed fund.
We provide you with your establishment kit with simple and easy to understand documentation within 2 – 3 business days of receipt of your application form.
Your establishment includes:

• The SMSF trust deed
• Minutes and all documentation relating to the establishment of the fund and admission of members and trustees
• Application for tax file number and Australian business number
• Investment strategy information and sample template
• Nomination of beneficiary instructions and forms

Our establishment team are happy to assist you with any queries you may have during this process.