Agriculture Farming & Primary Production

AGRICULTURE & FARMING

• Ensuring clients get access to primary production specific information such as:

• fuel tax credits

• review of GST free status for fresh food

• income averaging and proper farm accounting of stock

ARTIFICIAL INTELLIGENCE COMPANIES

• Advising on business structures where intellectual property is involved.

• Reviewing R&D eligibility and tax concessions available.

BUILDING & CONSTRUCTION

• Keeping clients up to date with the accounting for construction standards

• access to the margin scheme

• GST on new residential buildings

• Correctly structuring development companies for limited liability.

CHARITABLE FOUNDATIONS AND NOT FOR PROFITS

• Assisting high net wealth individuals with the set up of Charities including:

• registration of deductible gift recipient status

• preparing ancillary fund returns

• Annual Australian Charities and Not For Profit Commission (ACNC) Reporting

CRYPTOCURRENCY

• Assisting individual investors and businesses running out of the cryptocurrency space with their digital assets

E-COMMERCE

• Integrating e-commerce platform information into cloud accounting solutions such as Amazon, E-Bay, Reebelo along with inventory management systems to help you keep track of stock.

FILM, PHOTOGRAPHY & ART

• Assisting with the ATO specific income averaging provisions for the arts sector with professional services income

LEGAL, CONSULTING,ACCOUNTING& INSOLVENCY FIRMS

• Understanding lawyers trust accounting requirements

• legal services board requirements

• Recommending software stacks

• assisting and working closely with bookkeeping businesses and understanding the personal services income provisions and how they may apply to consultants.

MEDICAL PRACTICES, DENTISTS AND PHARMACIES

• We have in depth knowledge of the practicalities of medical service businesses and keeping clients on top of the latest changes in payroll tax.

  Keeping doctors and practitioners aware of the personal services income rules and risks of pitfalls of a corporate structure where income is attributable to an individuals services.

PROPERTY INVESTORS AND DEVELOPORS

• Providing analysis on the differences between income, capital and trading stock for property developers along with the margin scheme and GST issues typically arising for developers.

  Giving individual investors an understanding of capital works measures, capital gains treatment, part and full main residence exemptions and negative gearing.

REAL ESTATE AGENTS

• Assisting clients with their trust accounting needs and software recommendations. Structuring for an Intellectual Property application and application of royalties to trading businesses.

RETAIL AND HOSPITALITY

• Assisting with Point of Sale software, inventory accounting and payroll assistance with various awards.

SELF MANAGED SUPERANNUATION FUNDS

• Setting up a self managed superannuation fund, acting as accountants for SMSFs, financial advisers to SMSF portfolios and assisting with annual audit compliance

TRANSPORT AND LOGISTICS

• Assistance with eligibility for fuel tax credits, understanding finance options such as novated leases, hire purchases and chattel mortgages along with exemptions from the ATO motor vehicle limit in certain industry circumstances.

TRADIES

• Helping our trade clients understand the tax exemptions for certain vehicles (typically Ute’s) - ‘ not primarily designed for carrying passengers’ which exempts these vehicles from the ATO motor vehicle depreciation limits

• E-Commerce and Tradify integrations with MYOB and Xero