Tax & Accounting
1300 855 299
Our Mission – Commitment to excellence in meeting goals through knowledge, understanding and communication.
Our Vision – To utilise our network of outstanding professionals to deliver a comprehensive and cost effective solution to our clients’ needs.
Our Vision – To utilise our network of outstanding professionals to deliver a comprehensive and cost effective solution to our clients’ needs.
- Since its formation Tax and Accountant Options has been at the forefront of providing clients with broad range of accounting, taxation, general consulting, coaching and mentoring services. Tax & Accounting Options continually strives to become more than just your accountants!
- We strive to be your “total business solutions partner” providing quality advice on a wide range of business needs.
- Our reputation has been gained by being proactive and providing high-quality strategic advice to our clients
SERVICES
Tax & Accounting Options provides the full spectrum of tax advice to small business, self-managed super funds and individual clients.
Our fully qualified team of tax advisers are able to advise companies, businesses, individuals, trusts and self-managed superannuation funds in all aspects of taxation, GST and FBT issues.
We can advise you on statutory requirements and the most efficient ways of fulfilling these obligations, as well as preparing your statutory tax returns. We will also advise on the most tax-efficient ways to structure your affairs and ensure that all available reliefs are utilised.
Whether you earn income as an individual, operate a business or company or work within a partnership, we all have to report on our income under Australian Law. Tax & Accounting Options can take away the burden of all of your accounting and taxation needs, while ensuring you are well-placed to build your wealth.
We help our clients identify tax planning opportunities and avoid potential pitfalls. We can recommend ways to reduce your liability, income tax, capital gains tax and help you establish appropriate structures to safeguard and maintain your wealth, if appropriate following through to the process of planning for your retirement.
Quite simply, our sole aim is to reach the best possible tax results for our clients.
Our staff are experts in all matters accounting and tax and will apply their years of experience helping others just like you.
We will work in partnership with you to legally minimise your tax and help you achieve your key objectives and undertake comprehensive Tax Planning.
Taxation Planning - In simple terms, the goal of tax planning is to legally arrange your financial affairs to minimize your taxes. An effective tax strategy is specific to your individual circumstances and our accountants will assist by providing you detailed recommendations within areas such as tax-effective treatment of expenses and income and opportunities within superannuation, investments and trusts.
We provide a complete service and provide advice in all of the following areas:
Our fully qualified team of tax advisers are able to advise companies, businesses, individuals, trusts and self-managed superannuation funds in all aspects of taxation, GST and FBT issues.
We can advise you on statutory requirements and the most efficient ways of fulfilling these obligations, as well as preparing your statutory tax returns. We will also advise on the most tax-efficient ways to structure your affairs and ensure that all available reliefs are utilised.
Whether you earn income as an individual, operate a business or company or work within a partnership, we all have to report on our income under Australian Law. Tax & Accounting Options can take away the burden of all of your accounting and taxation needs, while ensuring you are well-placed to build your wealth.
We help our clients identify tax planning opportunities and avoid potential pitfalls. We can recommend ways to reduce your liability, income tax, capital gains tax and help you establish appropriate structures to safeguard and maintain your wealth, if appropriate following through to the process of planning for your retirement.
Quite simply, our sole aim is to reach the best possible tax results for our clients.
Our staff are experts in all matters accounting and tax and will apply their years of experience helping others just like you.
We will work in partnership with you to legally minimise your tax and help you achieve your key objectives and undertake comprehensive Tax Planning.
Taxation Planning - In simple terms, the goal of tax planning is to legally arrange your financial affairs to minimize your taxes. An effective tax strategy is specific to your individual circumstances and our accountants will assist by providing you detailed recommendations within areas such as tax-effective treatment of expenses and income and opportunities within superannuation, investments and trusts.
We provide a complete service and provide advice in all of the following areas:
- Annual Tax Compliance - including company and individual tax returns
- Preparation of activity statements and advice on payment of tax
- Preparation and Analysis of Accounting Financial Statements (P&L, Balance Sheets)
- GST/FBT obligations
- Cash-Flow Planning
- Payroll Tax and Processing
- Development and implementation of tax effective structures for the provision of superior asset protection and tax minimisation
- Management of any ATO Audits and / or disputes
GOODS AND SERVICES TAX
- Australian Tax Law is complex and constantly changing.
- In addition, the GST environment places considerable emphasis on compliance and lodgement deadlines. As part of our services, we can assist you to do your Business Activity Statement (BAS). We can also provide GST advice and of course, look out for transactions that may cause a Fringe Benefit Tax (FBT) obligation.
- Tax & Accounting Options invests heavily into professional development sessions whereby our team members undertake extensive training to keep abreast of developments. Therefore, we’re confident that we can provide you with a comprehensive accounting and taxation service whether you are an individual, or in business.
- As part of our Accounting and Taxation Service, we can prepare and lodge your BAS (Business Activity Statement) and Income Tax Returns and assist with your GST, CGT (Capital Gains Tax), FBT (Fringe Benefits Tax), or any other compliance obligations, all in a timely manner.
- Every transaction now brings with it a GST issue. We have experience with these issues and are able to offer expert advice on the implications of GST for your business.
- The GST related services we offer include, but are not limited to:
- Advice on registering for GST
- Review and lodgement of Business Activity Statements
- Preparation of GST and Fringe Benefit Tax (FBT) Returns
- Tax Office audit assistance
AUDIT
Here at Tax & Accounting Options, we view Audits not as an overhead or a necessary evil but rather as a great opportunity to review your business.
Our audit team will work closely with you to get to know your business. We use the latest computerised systems, based around a detailed analytical review of the accounts.
This allows us to offer an objective view of your business so we can advise you of any potential problem areas.
Business growth requires not only sound business strategy, but also a systematic and disciplined approach to mitigate risk and enhance operational control and corporate governance processes.
Internal Audit
Offering a strong well-resourced and managed internal audit function, our team of internal audit and risk advisory experts provide the tools for boards and management to measure and manage a broad spectrum of operational functions, such as human resources, disaster recovery and asset management.
We use the latest risk-based audit methodology to:
Crucial benefits from our internal audit services include:
External Audit
A well planned, executed and communicated audit process provides your business with the assurance and confidence to meet your financial and performance objectives.
The Tax & Accounting Options Audit Team are highly qualified professionals who offer a unique combination of financial and practical expertise, underpinned by solid experience gained from working across a range of industries.
We have specialist skills in the compliance and reporting requirements within Australian and international Accounting Standards and the Corporations Act. We deliver results, not just reports.
We utilise the latest risk-based audit methodology and software. This technology enables us to undertake engagements efficiently and cost effectively.
Our services are Partner led and we place a priority on ensuring continuity of staff with client engagements. We take the time to understand your operational processes and plan an approach tailored to your business and industry.
Our staff will partner with your business to deliver service and outcomes that will provide you with clear and objective advice, supporting your decision making, identifying challenges and managing risk.
Our audit team will work closely with you to get to know your business. We use the latest computerised systems, based around a detailed analytical review of the accounts.
This allows us to offer an objective view of your business so we can advise you of any potential problem areas.
Business growth requires not only sound business strategy, but also a systematic and disciplined approach to mitigate risk and enhance operational control and corporate governance processes.
Internal Audit
Offering a strong well-resourced and managed internal audit function, our team of internal audit and risk advisory experts provide the tools for boards and management to measure and manage a broad spectrum of operational functions, such as human resources, disaster recovery and asset management.
We use the latest risk-based audit methodology to:
- Identify, understand and manage business and technology risk
- Implement robust risk management frameworks
- Measure and improve business performance
- Assist our clients to achieve strategic and operational goals
Crucial benefits from our internal audit services include:
- A systematic, disciplined approach to evaluating and enhancing risk management, control and governance processes
- Competitive professional fees
- Communication at all levels of an organization, enabling boards and management to achieve business objectives, and deliver on their responsibilities and duties
- A framework and process for effective management decision making (including assurance in the information reported to stakeholders) Provision of relevant management, business performance and systems advice
External Audit
A well planned, executed and communicated audit process provides your business with the assurance and confidence to meet your financial and performance objectives.
The Tax & Accounting Options Audit Team are highly qualified professionals who offer a unique combination of financial and practical expertise, underpinned by solid experience gained from working across a range of industries.
We have specialist skills in the compliance and reporting requirements within Australian and international Accounting Standards and the Corporations Act. We deliver results, not just reports.
We utilise the latest risk-based audit methodology and software. This technology enables us to undertake engagements efficiently and cost effectively.
Our services are Partner led and we place a priority on ensuring continuity of staff with client engagements. We take the time to understand your operational processes and plan an approach tailored to your business and industry.
Our staff will partner with your business to deliver service and outcomes that will provide you with clear and objective advice, supporting your decision making, identifying challenges and managing risk.
BENCHMARKING
Have you ever wondered how your business performs 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 in the business.
The purpose of Tax & Accounting Options Competitive Benchmarking Services is to measure competitive performance on those within chosen industries.
Our mission is to provide our clients with reliable and accurate data results they can use to evaluate themselves against their competitors and provide marketing tools to showcase their accomplishments based upon the opinions of experts/consumers."
Areas of Focus
We can provide you with accurate, timely and informative benchmarking reports - allowing you to:
Armed with this information, we'll work with you to develop action strategies to improve your bottom line.
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 in the business.
The purpose of Tax & Accounting Options Competitive Benchmarking Services is to measure competitive performance on those within chosen industries.
Our mission is to provide our clients with reliable and accurate data results they can use to evaluate themselves against their competitors and provide marketing tools to showcase their accomplishments based upon the opinions of experts/consumers."
Areas of Focus
We can provide you with accurate, timely and informative benchmarking reports - allowing you to:
- See how your business compares against your competitors
- Understand how the rest of your industry works
- Analyse the key performance indicators of your industry
Armed with this information, we'll work with you to develop action strategies to improve your bottom line.
ACCOUNTING
- Stop worrying about doing your books late at night, ABS / ASIC / BAS / FBT / IAS / PT returns and payroll issues. You need more time to generate new sales, realize your business dreams and spend time with your family.
- Tax & Accounting Options removes your anxieties and maintains your accounts at a fraction of what it normally costs. We are focused on small and midsize businesses to help YOU reduce your expenses, increase profits, improve cash flow and deliver financial peace of mind. Once we commence providing Bookkeeping Services, you would find more time to concentrate on your core services and goals.
- Managing your business finances has never been so easy. Our Accounting and Bookkeeping Services rate are highly competitive and we won't be beaten on value.
- Our personalized boutique service, manages your Accounting, Bookkeeping, BAS, Payroll, and other Accounting needs backed by MYOB or Quick Books using the most up to date techniques and styled to suit your circumstances.
- Let Us be Your Accounts & Bookkeeping Department
- You receive:
- A free one hour initial appraisal of your existing systems
- Bookkeeping, supported by Accountants
- Monthly P&L Analysis by an Accounting Firm
- Documented Business Procedures with our International Template
- Free Business Policy Templates
- Improved Cash Flow Forecasting & Budgeting Systems
- Payroll & Salary Packaging expertise
- Accounts prepared in accordance with relevant tax & statutory regulations
Let us be your accounts & bookkeeping Team. We have simple ways that will save you time and money. Our first clients have been with us for decades. If you:
- Want simplicity and lower costs in preparing your accounts?
- Want relief from paperwork for GST, BAS, Tax, FBT or Super?
- Feel embarrassed that you are behind with your BAS/Tax?
- Want penalties for late lodgment of BAS or tax minimised or removed?
We deal with clients in all sorts of situations; with businesses that have BAS’s outstanding for years to others that have fines and penalties for non compliance. We don't judge, we offer friendly advice and solutions. For a no obligation free quote call Tax & Accounting Options Now Tax & Accounting Options realises that clients expect more from their accountants than just keeping score. Business owners and Company Directors want accountants who can add value to their business, be a part of the management team and guide the way to continued growth and prosperity. We can assist you with your compliance tasks streamlined and hassle free so that you can drive your business forward.
- Internal accounting, including Bookkeeping
- Catch Up Bookkeeping
- Business & Management Systems
- Preparation of Business Activity Statements (BAS)
- Preparation of Financial Statements
- Periodic Management Accounts for Tax, Business Appraisal and Planning Purposes
- Setting up a new Business
- Advice on the right business structure
- ABN, TFN and associated registrations
BOOKKEEPING
PAYG WITHHOLDING VARIATION
Rental Property represents a significant investment for most people.
Tax & Accounting Options works in conjunction with property specialists advising of the best investment property structure utilize negative gearing and taxation planning.
Where your expected tax liability for the full financial year is different from the amount of payments made to you, then you may vary the amount that is withheld from payments made from you.
You can request either an increase or a decrease in the amount that is withheld from payments made to you during the year. This might be the case where you expect a large refund due to having higher than normal tax deductible expenses, e.g. negatively geared rental property or share portfolio, motor vehicle expenses etc.Get your tax refund early & boost your cash flow
Using a negative gearing strategy will increase the size of your tax refund. But you don’t have to wait until July to get ask for your money back. You can get the tax benefit early by reducing the tax that comes out of your pay cheque.
Your employer is not allowed to reduce the rate of tax on your pay without permission from the ATO. You can only reduce your withholding tax by completing a PAYG Withholding Variation.
The form can be completed and submitted online. In a matter of days the ATO will inform your employer’s of the new, reduced rate of tax to take out of your pay.
Having the immediate additional cash flow can lessen the burden of your rental expenses such as loan repayments. Cash flow is critical, especially for highly geared investors.
The PAYG withholding form can be complex, especially when lodging your first application. You need to complete the details of all your properties on your first year’s application. In subsequent years you only need to add any new properties you buy, so the process is not as involved.
If you think that improved cash flow would benefit you, and would like assistance lodging a PAYG Withholding Variation please contact our office for an appointment.
Tax & Accounting Options works in conjunction with property specialists advising of the best investment property structure utilize negative gearing and taxation planning.
Where your expected tax liability for the full financial year is different from the amount of payments made to you, then you may vary the amount that is withheld from payments made from you.
You can request either an increase or a decrease in the amount that is withheld from payments made to you during the year. This might be the case where you expect a large refund due to having higher than normal tax deductible expenses, e.g. negatively geared rental property or share portfolio, motor vehicle expenses etc.Get your tax refund early & boost your cash flow
Using a negative gearing strategy will increase the size of your tax refund. But you don’t have to wait until July to get ask for your money back. You can get the tax benefit early by reducing the tax that comes out of your pay cheque.
Your employer is not allowed to reduce the rate of tax on your pay without permission from the ATO. You can only reduce your withholding tax by completing a PAYG Withholding Variation.
The form can be completed and submitted online. In a matter of days the ATO will inform your employer’s of the new, reduced rate of tax to take out of your pay.
Having the immediate additional cash flow can lessen the burden of your rental expenses such as loan repayments. Cash flow is critical, especially for highly geared investors.
The PAYG withholding form can be complex, especially when lodging your first application. You need to complete the details of all your properties on your first year’s application. In subsequent years you only need to add any new properties you buy, so the process is not as involved.
If you think that improved cash flow would benefit you, and would like assistance lodging a PAYG Withholding Variation please contact our office for an appointment.
DISCLAIMER
Please note we are not financial planners and are not offering any type of finance product.
Nor are we lawyers and we are not offering legal advice.We are Accountants and Registered Tax Agents. If you require the services of a financial planner or lawyer we are happy to refer you to one.