Our Service is Your Solution

Your Business Vitals

Ever wondered why your financials showed a profit for the year, but there's not cash in your bank account?

Perhaps you're worried about the amount of inventory on your shelves but you're not sure how much is 'enough', or your sales are increasing but cashflow seems to be getting even tighter?

We can identify the areas of your business that aren't performing as they should be, help give you answers to some or all of the above questions, as well as provide you with advice about steps you can take to improve the 'vital signs' of your business.

We're able to prepare simple-to-read, detailed reports showing you why you don't have as much cash as you expected and how to rectify it as well as analysis of sales, profit and resourcing in your business.

Give us a call to book your free discovery session and we'll get you on the path to improving your vital signs.

Taxation

Tax services offered include but are not limited to:

• Taxation Planning and Advice.
• Capital Gains Tax.
• Fringe Benefits Tax.
• Preparation of income tax returns for: individuals, sole traders, partnerships, companies, trusts and self managed superannuation funds.
• Electronic Lodgment of taxation returns and activity statements through ELS system with the Australian Taxation Office.
• GST Planning.
• Business Structures.
• General Tax consulting.

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Financial Reporting and Cash Flow Forecasts

Financial management of your business structure, including the preparation of Financial Reports, Budgeting and Cash Flow Forecasts are both fundamental and vital to its profitable operation.

We can assist, in a timely manner, with the preparation of these reports to assist in the following matters:

• Regulatory and compliance obligations, including the Australian Tax Office, ASIC and ASX.
• Financial Institutions.
• Determine how much cash the business has, where the cash is coming from, and where it is going.
• Budget creation, management and analysis.

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Due Diligence

Acquisition Due Diligence assesses the potential risks and opportunities of a business purchase.

We can assist this process by assessing the following:

• Financial considerations including the integrity of historic and forecast information, tax and superannuation.
• Commercial factors (e.g. customers, suppliers, markets, and competitors).
• Operations and Trading Analysis.
• Other considerations including provisions, reserves, assets and liabilities.
• Appraising available information about the target and the proposed merged entity to more objectively evaluate the merits of the deal and the valuation supporting the offer price.
• Identifying issues likely to affect negotiations.
• Helping to reduce the risks associated with the deal by identifying and quantifying risks and benefits (e.g. identifying suitable warranties and indemnities).

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GST/BAS

Even if you have the resources to do your own bookkeeping, we can still assist with the preparation and lodgment of Business Activity Statements (BAS) & Instalment Activity Statements (IAS) via our electronic lodgment system.

To facilitate the preparation and lodgement of BAS and IAS Statements we would:

• Review your data;
• Prepare figures based on data provided;
• Prepare BAS forms; and
• Lodge with ATO after signoff from yourself.

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BSA Compliance

Financial requirements of Licensing for Queensland building contractors commenced on 1 October 1999, requiring all contractors to demonstrate at least annually that they have sufficient assets to meet their turnover.

From 1 July 2006 further changes have come into effect requiring all licensed contractors in Queensland to meet the same requirements, consolidating all QBSA policies.

We are appropriately qualified to assist with all compliance matters relating to BSA Financial Requirements for Licensing, including:

• Independent Review Reports.
• Preparation of BSA approved Statement of Financial Position statements for Deed of Covenants and Assurance.
• Advice relating to entity structure compliance and provisions.
• Financial ratio calculations.

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Superannuation Fund Administration

Through superannuation, there is the opportunity to invest money during your working life to fund your retirement.

Increasingly more people are realising that they can take control of this very important investment through the use of Self Managed Superannuation Funds (SMSF).

We provide an annual SMSF Compliance service that is required to be completed each year for all SMSFs and includes:

• Full fund accounting and working papers.
• Regulatory tax return.
• Members' statements & MCS lodgment.
• Investment Strategy documentation and minutes.
• Binding nominations.
• Other relevant minutes and forms (particularly those relevant for the completion of the audit).

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Corporate Secretarial

Account Ability Accountants is an Australian Securities and Investments Commission (ASIC) Registered Agent and we provide assistance in all aspects of Corporate Compliance.

Some of these services include:

• Maintenance of Company Statutory Records.
• Company, Trust & SMSF Formations.
• Filing of annual returns on your behalf.
• Preparation of all documentation relating to minutes and resolutions.
• Assistance in changes of directors, shareholders, addresses, and office details.
• Preparation and lodgment of ATO registrations (E.g. ABN, TFN, GST).
• Registered Office Facility.
• General Corporate Advice.

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Changes to Company

If you would like us to assist in reporting changes to your Company's directorship, shareholders, addresses, and/or office details, then please download and complete the following form.

Company Changes Request Form

If you would like to change the name of your Company please download and complete the following form.

Company Name Change Order Form

If you have any queries in relation to the above forms please feel free to contact us.

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