Services

Services

WD Hall Accountants | Services

Individuals, Families, Investors

Take advantage of our extensive experience and pragmatic advice and have us prepare and lodge your personal income tax return. If a refund is available for you, we’ll leave no stone unturned to ensure you receive the maximum refund. If you’re in a position where you need to pay tax for a particular financial year, we’ll explore every available option for legally minimising your tax.

If you have residential or commercial rental properties we’ll make sure you achieve the benefits from the tax advantages available to you as a property investor.

If you are considering purchasing an investment property we will advise you on the best way to fund the investment as well as smart ownership structures so you will minimise future tax while also protecting your assets. We can provide you with tax benefit calculation before you buy. This will give you the independent information you need to confidently decide whether or not to invest in a particular property. We can prepare for you a depreciation schedule for each of your investment properties.

A Self Managed Superannuation Fund (SMSF) can be a valuable tool in managing and increasing the value of your portfolio of assets. You can also borrow through your SMSF to invest in assets such as property. With an SMSF you can benefit from tax concessions not available to individuals or businesses. We can work out whether an SMSF would be suitable for your specific circumstances at this point in time. Our team has the experience to ensure all SMSF administrative and audit requirements are met.

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Businesses

  Bookkeeping

Good quality, accurate and timely bookkeeping is an essential ingredient for a healthy, well-run business. To make good decisions when running your business effectively you must have accurate and up-to-date financial information. We can offer you several suggested solutions suited to your particular accounting and bookkeeping needs.

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  Budgeting

When you start a business, a budget (or financial projection) is a necessary part of your business plan enabling you to set financial targets and measure the performance of your business. Once your business is established and operating, budgeting is a necessary tool to continually measure the performance of the business to ensure you are on target in achieving your goals. We are able to assist you in the preparation of the financial projections for your business. These will help you better manage your business, sleep better at night, and develop a solid relationship with your bank to make funding easier when it’s required.

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  Starting a Business?

So you want to start a business… What structure will be best for your business: sole trader, partnership, company (Pty Ltd), trust or a combination?  We will guide you. You know you need a business plan including cash flow projections. We’ll make that process easier for you. And of course there are a raft of administration and compliance matters to get in place. We’ll take the mystery out of that for you and make it all happen:

  • The business must have a tax file number (TFN) and an Australian business number (ABN) — We can apply for the TFN and the ABN for you if a Pty Ltd company is the chosen form of business structure
  • The company must be registered with the Australian Securities and Investment Commission (ASIC)
  • It must have a Registered Office
  • Company secretarial duties must be fulfilled throughout each year

 

These are all things that you—as the business owner and entrepreneur—can delegate to us so you can move on to focus on the core of your business such as developing your products or services, finding customers, looking after your customers and achieving your goals.

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  Buying a Business?

Just as it is with investing in property, the price you pay up front often determines your eventual capital gain. Pay too much for a business and you’re setting yourself up for a more difficult time in converting your hard work into assets. There are also creative ways for you to finance your purchase of a business. We can assist you with the due diligence process in doing your homework on valuing and assessing a business you are considering buying. You can be comforted knowing that our grey hair experience means we are able to ‘smell a rat’ in any set of figures, protecting you and your hard earned capital.

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  Selling a Business?

It can be difficult and often a disheartening time to sell a business. We can lessen the burden by valuing the business to establish a realistic sale price. We can also deal with queries from potential purchasers and their advisers.

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  Taxation

You don’t want to pay more one more cent in tax than you’re obliged to by law. You also don’t want to spend your precious time—that is better spent building and developing your business—dealing with tax and compliance paperwork, red tape and lodgements. Leave all that to us.

Our accountants can advise you on a wide range of taxation matters as we continually stay up-to-date with the latest developments in taxation. This means we deliver consistent service and accurate advice to you.

Taxation can be a major cost to your business. Part of our commitment to you is to minimise the impact of tax on your business through advice and services including:

  • Application of ABNs and TFNs
  • Preparation and lodgement of your Business Activity Statements ensuring your GST obligations are met without incurring avoidable penalties
  • Preparation and lodgement of Fringe Benefit Tax (FBT) returns
  • Preparation of income tax returns for individuals, partnerships, companies trusts and self managed superannuation funds (SMSFs)
  • We manage any ATO enquiries, audits and disputes for you

 

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  Company Secretarial Services

A company registered with the Australian Securities and Investment Commission (ASIC) must meet the requirements, including annual company reports and advising them of changes of directors, shareholders and addresses. A company must also keep certain statutory records including share issues and share transfers.

The last thing you want as a business owner is to be stressed out by trying to ensure the company meets the requirements of the Corporations Law. Failing to comply with the changing rules can mean severe penalties. Need a company? We can arrange the setting up of your company, usually overnight. Each company has to have an office registered with ASIC. We can relieve you of the burden of doing all this, so you can concentrate on managing and growing your business.

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  Cash Flow Forecast

Cash (not profit) is the lifeblood of your business. Do you hold too much stock? Do too many customers owe you too much for too long? Where are the opportunities in your business to free up more cash flow and make it easier to buy supplies and pay bills? Also, are there any coming ‘cash flow crunch times’ that you can plan ahead for and avoid?

By providing you with timely and relevant cash flow projections we  ensure you:

  • Realise and understand when cash is available
  • Can prepare for expansion of your business, for tax payments and for stock control
  • Can plan for other key expenses
  • Can sleep better at night!

 

We will work with you to improve your cash flow and ultimately your bottom line profit as well.

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  Asset Protection

In today’s litigious world, protection of your assets is vital. We can help you structure your affairs so that your personal family assets are not exposed to the risks that any business is inherently  exposed to. This means if someone decides to take legal action against your business, your personal assets are safely ‘walled off’ and protected. When starting and building a business it is important to select the most suitable business structure not only for taxation purposes, but also for asset protection purposes. We’ll guide you.

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Business Packages

We will sit down with you, listen to your requirements and then tailor a package for you. We are happy to price our services in advance so that you know what the costs will be ahead of time, and many clients also like the idea of paying monthly throughout the year. It’s up to you.

Here are our standard service level packages, which we can then tailor for you as needed:

Compliance Plus

From $100Per Month

  • Annual Financial Statements Preparation
  • Tax Return Preparation & Lodgement
  • Tax Planning Review (in April/May)
  • Unlimited e-mail and Phone support (brief phone calls only)
  • Preparation & Lodgement of BAS
  • Online view of cash position
  • Monthly Review of your data entry
  • Maintain Fixed Assets Register and calculate Depreciation
  • Coding and reconciliation of bank accounts
  • Budgets prepared and reviewed quarterly
  • Quarterly Management Reports
  • Quarterly 1 Hour Business Strategy Meeting
  • Annual Strategic Planning Meeting
  • Annual 12 Month Cash Flow Forecast & Profit Plan
  • Annual Benchmarking Analysis
  • Business Performance Health Check
  • Monthly Profit & Cash Flow Actual vs Budget Report
  • Monthly Management Reports
  • Monthly 1 Hour Business Strategy/Board Meeting
  • Annual Business and Personal Needs Review
    Free
  • Loan Comparison Review
    Free
Virtual CFO

From $500Per Month

  • Annual Financial Statements Preparation
  • Tax Return Preparation & Lodgement
  • Tax Planning Review (in April/May)
  • Unlimited e-mail and Phone support (brief phone calls only)
  • Preparation & Lodgement of BAS
  • Online view of cash position
  • Monthly Review of your data entry
  • Maintain Fixed Assets Register and calculate Depreciation
  • Coding and reconciliation of bank accounts
  • Budgets prepared and reviewed quarterly
  • Quarterly Management Reports
  • Quarterly 1 Hour Business Strategy Meeting
  • Annual Strategic Planning Meeting
  • Annual 12 Month Cash Flow Forecast & Profit Plan
  • Annual Benchmarking Analysis
  • Business Performance Health Check
  • Monthly Profit & Cash Flow Actual vs Budget Report
  • Monthly Management Reports
  • Monthly 1 Hour Business Strategy/Board Meeting
  • Annual Business and Personal Needs Review
    Free
  • Loan Comparison Review
    Free


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Compliance Plus

Compliance Plus is our entry level service and suits small businesses who want WD Hall Accountants to complete just their annual Tax Returns and Financial Statements – if you do not need our assistance to grow your business and you wish to complete your own Business Activity Statements (BAS), FBT Returns and PAYG Reconciliations, then this package is for you.

Our Compliance Plus Fixed Price services starts at $600 plus GST per annum. We request that you pay 50% of the fixed amount up front and 50% upon completion of our services.

Your package includes:

  • Annual Tax Planning Review in April / May of each financial year
  • Annual Business and Personal Needs Review
  • Loan Comparison Review
  • Regular e-mail updates with advice to keep you informed of relevant tax and business issues

 

Important:

Our fixed price is conditional upon you providing us with a properly reconciled and balanced Xero, MYOB or Quickbooks file at the end of each financial year, within a specified timeframe.

Compliance Plus is a “lite” service, because we only have the opportunity to view your company information once a year.

However, you may choose to approach us for proactive advice at any time. We can provide you with an up-front fixed price quote for any of our services at any time!

What you get Why is it important?
Timely preparation of year-end Financial Statements and Tax Returns Peace of mind that your Tax Returns are lodged on time and prepared by professionals.
Enhanced Tax Planning We know how your business is going and can recommend tax strategies and forecast your tax.
Business & Personal Needs Review Ensures that you are made aware of all options available to you to protect and improve your personal financial situation.
Loan Comparison Review Confirms that your loan has been properly structured to give you the best tax benefits available and has the lowest available interest rate.

 

Need something more? See our Advice Plus or Virtual CFO services below …

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Advice Plus

Advice Plus is a FIXED PRICE packaged accounting and taxation service offered by WD Hall Accountants. It suits small to medium sized business owners who are looking for proactive advice to grow and manage their business.

Our Advice Plus Fixed Price service starts from $200 plus GST per month. Once set up, the monthly fee removes the need for a large end of year accounting bill. Our clients find this very useful for managing their cash flow.

Your package includes:

  • Proactive business advice every 3 months
  • Peace of mind that all your annual taxation and GST requirements will be taken care of
  • We will complete your: Annual Financial Statements, Income Tax Returns, Business Activity Statements (BAS), Tax Administration (Tax Assessments and reminders)
  • Annual Tax Planning Review, Annual Business and Personal Needs Analysis
  • Regular Management Reports to assist with managing your tax payments, budget and cash flow
  • Regular e-mail updates with advice to keep you informed of relevant tax and business issues
  • We recommend Xero Online Accounting Software – We can provide you with full training, you input the basic data, we check it.
  • Easier cash flow management

 

What you get Why is it important?
Regular PROACTIVE advice and reporting
  • You receive current data on what is happening in your business
  • You can view current trends as they occur
  • You are able to take any necessary corrective action sooner rather than later
  • Supply financial institutions with up to date information to support loan applications
  • You get a regular update on your financial position rather than waiting until the end of the financial year
Accounting Fees paid monthly Easier cash flow management
An accounting system that is SIMPLE to operate – Xero No specialist knowledge required. We provide you with all training.
GST is taken care of BAS are prepared and lodged by professionals.
Timely preparation of year-end Financial Statements and Tax Returns Peace of mind that your Tax Returns are lodged on time and prepared by professionals.
Enhanced Tax Planning We know how your business is going and can recommend tax strategies and forecast your tax.

 

Need something more? Contact us to discuss our Virtual CFO service which we can tailor for you.

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Audit

We are auditors for:

  • Proprietary companies (Pty. Ltd.)
  • Incorporated associations and other not-for-profit organisations
  • Real estate agents’ trust accounts

 

Audit is an area where our ‘grey hair experience’ allows us to add significant value over less experienced practitioners.

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