Services

Accounting & Tax

 

We service all types of tax entities to ensure they are compliant with current tax legislation (tax returns & Financial Statements:

  • Individuals 

  • Companies 

  • Trusts

  • SMSFs

  • Partnership

 

GST, BAS, PAYG preparation and lodgement; setting up new entities; TFN & ABN application; corporate governance documents; ASIC; Business/Company Acitivity Statements; salary packaging; payroll tax; fringe benefit tax etc. 

 

Business Advisory

 

  • Assessing your internal accounting requirements/systems

  • Assistance with data management

  • Support for your Business Activity Statements, Payroll Tax, Fringe Benefits Tax & Worker’s Compensation compliance requirements

  • Assistance with queries from statutory authorities

  • Regular monitoring & analysis of your cash flow & industry benchmarking; profit performance & balance sheet strengths & capabilitie

  • Work closely with the business owners we provide a full business improvement service by reducing waste, improving efficiencies, driving profitability and maximise overall business performance and value.

 
 

Bookkeeping

 

We provide our clients with a quality and timely bookkeeping service at a cost effective rate. A key advantage of our bookkeeping service is the close working relationship maintained between accountant and bookkeeper. This way we are able to streamline and simplify your financial reporting function.

Our bookkeeping services include:

 

  • Cashflow set up and training

  • Transactional bookkeeping services

  • Specialist service and training covering areas such as payroll, inventory, GST, accounts receivable and accounts payable

  • Quarterly and monthly reporting for business activity statement preparation

  • Budgeting and planning

  • Softwares we are specialized in: Xero, MYOB, Quickbooks, Wave Accounting, Gem Accounting, Zoho Books etc (if you prefer to do your own bookkeeping, we could help you set up your accounting software). 

 

Tax Planning

 

  • Forecasting Tax Liability

  • Negatively Geared Investments

  • PAYG  Withholding Variation

  • Tax Obligations On Investments

  • Superannuation Contributions

  • Asset Purchases

  • Salary Sacrifice Packaging

 

Taxation can be a major cost to your business. Not managed correctly, tax can become a barrier to achieving your goals. Let us help you minimise your tax with smart and enterprising solutions that suit your changing needs and protect your assets.

Business Startup

 

If you are planning on starting up a new business, buying into an existing business, or franchise, we have the right people to help along each step of the way, and assist you in all the requirements to get you started.

Some of the steps involved include:

 

  • Business Structure (Sole Trader, Partnership, Company, Trust)

  • Business and Marketing Plan

  • Business Registrations (ASIC, Trading Names, Workcover)

  • ATO Registrations (ABN, TFN, GST, PAYG, FBT) etc

  • Implement an efficient bookkeeping system

  • Forecast your ongoing performance

Superannuation

 

What can and can’t be done with your SMSF? 

 

SMSFs are one of the most highly regulated entities in tax law, and can be one of the most advantageous for tax planning.  As Trustee of the SMSF, you have to be fully informed and understand your oblilgations.  If you don't manage the SMSF correctly, you can be found in breach of legislation by the Commissioner of Taxation and face civil or legal penalties.

 

Our SMSF services include:

  • SMSF setup services

  • SMSF accounting and tax services (year-end compliance and reporting)

  • Other services (fund statutory services, documentation services such as pension commencement and winding-up etc)

 

We are not only can help you SMSF tax compliance but also with tailored advice for your unique situation. We will assist you with borrowing, gearing and avoiding regulatory pitfalls. 

 

For futher information please check out our dedicated SMSFs page.


 

 

Contact us

Tel: 0403 777 738

Skype: eliteaccsolutions

E: info@eliteaccountingsolutions.com.au

w: www.eliteaccountingsolutions.com.au

P: PO Box 688, Heathmont, VIC 3135

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NTAA Public Accountant