Accounting Services To Help You Succeed
We are called ‘Success’ Accounting Group for a reason: Our primary goal is to promote growth in our clients and our services go far beyond completing your financial reports. As a result, we offer the following:
- Wealth Creation: Our team of business experts work with you to come up with the best strategies to help your business grow and flourish in the long-term. We have more than 15 years of experience in the world of business and use our specialised knowledge to improve the services your organisation offers.
- Affordable Fees: We understand the importance of budgeting in start-ups which is why all our fees are listed from the beginning. You can also avail of our flexible payment schedule and choose a monthly repayment option.
- Expert Advice: You can never know enough about business so we offer all clients access to seminars and other events which involve information on the latest strategies and techniques used by successful enterprises.
- Face-To-Face Advice: If you have a query or a problem, we are always available and can be contacted by phone, email or else you can book a face-to-face appointment. These meetings are FREE to all our clients.
- Access: Over the years, we have developed business relationships with companies in a wide variety of industries and we open our address book to clients so they can network and grow.
Some clients hire us just looking for ‘traditional’ accounting firm or tax accountant, but we are more than just that. If you are looking for constant communication, education and information on how to grow your business, achieve financial independence and create a profitable enterprise, contact Success Accounting Group today.
Leading Melbourne Accountants
At Success Accounting Group, the goal is to provide a seamless fit for all clients.
With years of expertise, passion, and a desire for excellence, this accounting firm continues to reach new heights.
“Tax shouldn’t be a once-a-year issue just before 30 June. Growing businesses need to get into good, consistent tax habits from day one, or risk restricting growth” from Lan Nguyen – Principal of Success Accounting Group
At Success Accounting Group, we believe that tax savings is the driver behind the value we can add to your business and personal wealth.
These services include:
- Tax returns – for Individuals, Partnerships, Companies, Trusts and Self Managed Superannuation Funds
- Business Advice – Income Tax, Goods and Services Tax, Capital Gains Tax, and Fringe Benefits Tax
- Employment Obligations – SGC, PAYG withholding, Superannuation and Workcover
- ATO Audits & Reviews
- Tax Planning – reducing taxes
- Business structure – review and setups
We will work with you throughout the year to answer all your ongoing questions and will include free email and phone support.
All these features will be an agreed fixed fee at the start of the engagement and can be paid on an easy monthly plan.
Our clients are focused and have a successful mindset. We won’t ‘just do your tax’; we can help you build wealth and grow your business.
With over 15 years in the tax industry, your local success accountants have the knowledge and expertise to help you achieve the maximum refund that you are entitled to your particular occupation or industry. After the tax return process, we will also review your loan structure for your home and investments to your have the best package is available in the market. All this is part of the value-added service, which you receive FREE.
QuickBooks used to be the top accounting software in the industry until a new accounting solution based out of New Zealand was introduced known as Xero. While Xero has still not been able to match QuickBooks with regards to functionality, it is definitely a formidable opponent.
What is Xero?
Xero is an easy-to-use and cloud-based accounting solution designed to help entrepreneurs and small business owners to keep track of their finances, expenses, income, payroll, and much more on any device. Xero helps keep your finances at your fingertips from any part of the globe and at any given time.
Who Should Use Xero?
Xero is an excellent solution for contractors, sole proprietors, small business owners, and even freelancers looking to implement a simple-to-use accounting system. At Success Accounting Group, we have implemented Xero for most of our clients. We also use it ourselves in our business and in the management of our investments since 2012.
Top Xero Features
It would be an understatement to say that Xero has many features. It is powerful accounting software targeting small business owners primarily. Whether you would like to track and monitor business finances while on the move, from your local coffee shop, between meetings, or from the beach, Xero is your best bet. It gives you the features, flexibility, and power to do so if that is what you want.
Payments and Invoices
Xero lets you accept PayPal, credit card, and debit card payments from your clients and send them online invoices, which helps you get paid faster. You can add your logo to the invoice templates provided by Xero or customize your own invoice design. The automated payment reminders are a feature that sets Xero apart. You can customize automated emails to customers and clients to get paid faster.
Bank Account Updates
Xero lets you receive automatic bank updates and reconcile your accounts. The software imports all your credit card and bank transactions every day automatically. You can set up custom rules to your bank and credit card transactions to allow for simple and straightforward reconciliation of statements.
Paying Bills
Xero helps you manage your business cash flow and pay your bills. It helps you see the due bills and provides a visual representation of how your business funds are being spent. You can use Xero and email to send documents and bills for your records and attach files directly to your company’s bills to improve the efficiency of your record keeping. Xero also lets you set up recurring bill payments each month or in a period of your choosing. You can even assign costs directly to customers and their bills.
Tracking Inventory
Xero allows business owners to manage stock control functions and track their inventory. It also generates a report of the performance of products and how their performance is affected by the inventory. You can see details including stock levels, profit margins per item, date of stocking, average purchase cost, warehouse stock values, and various other data points that help you use the information to make important business decisions regarding the product pricing and inventory ordering of the company.
Self-managed Superannuation Funds
Of the $1.23 trillion invested in super at 30 June 2010, $390.8 billion was in self managed super funds(SMSFs). That’s 31.8% of all superannuation funds, with SMSFs now representing the largest slice of the super industry.
For many Australians, SMSFs offer 4 major advantages:
- More control over investments.
- Greater investment flexibility.
- Generally lower fees than industry and retail funds.
- On average, better performance than industry and retail funds.
More control and greater flexibility over investments
SMSF members can choose where their retirement savings are invested, with options including listed shares, bonds, listed investment companies , exchange traded funds and direct property.
This flexibility in investment options allows SMSF members to actively manage their investments. With a hands-on investment approach, SMSF members can quickly adjust their portfolios as markets change.
Lower fees and better performance
A Commonwealth Government report titled A Statistical Summary of Self-Managed Superannuation Funds (Dec 2009), based on ATO and APRA data, found SMSF members generally pay lower fees and that, on average, SMSF investments performed better than all other super funds over 2006, 2007 and 2008.
How a SMSF could benefit you
Depending on your individual situation, the advantages of an SMSF may include:
- tailored tax management on investment income and capital gains
- greater flexibility in investment choices and asset selection
- control over your total investment portfolio, with the ability to take account of the risk profile of all your assets, including those held outside superannuation
- the ability to pool your resources with up to 4 fund members with similar financial objectives, such as family members
- maximum flexibility in establishing and managing pensions, including account based, transition to retirement and term allocated pensions
- greater flexibility for accessing Centrelink benefits such as the age pension
- investing in direct property
- the ability to transfer personally owned listed shares, business real property and managed funds directly into your superannuation fund, and
- the ability to own business real property in your superannuation fund, to assist your business cash flow.
Melbourne Chartered Accountant
Success Accounting Group is a dedicated team of professionals with extensive accounting experience in Melbourne.
This team has helped top-tier clients in all regions of Australia and continues to set the standards for tax services. With modern techniques, client-oriented solutions, and a commitment to seamless results, Success Accounting Group has become an award-winning option for its clients.
This established name is a high-grade firm for all accounting needs and is a perfect solution for all financial requirements.
Services
1) Tax Preparation and Assessment
2) Estate Planning
3) Bookkeeping
4) Assurance
5) Business Advisory
6) General Accounting
7) And More!
