Accounting & Taxation
Accounting and taxation solutions for individuals, sole traders/contractors and businesses.
Business Accounting
We'll take care of your accounting and taxation requirements while you concentrate on running your business.
Personal Accounting
From tax returns to investment properties and negative gearing, we can help individuals and families.
Bookkeeping & Financial Record Management
Every successful business is built around a well-managed set of books and financial records, and we can help with yours.
Business Advisory
Our main aim is to help our clients grow, strengthen and develop their businesses. We can help you continue to prosper by setting up and executing your short and long term goals.
Business Start-Ups & Structures
Choosing or changing your business structure is an important decision, and we can advise on the best structure for your needs.
Cloud Accounting
The benefits of cloud accounting can be a great time and money saver for any business owner. We can assist you adopt and use a solution that works for you.
SMSF Services
Setting up a Self Managed Superannuation Fund (SMSF) is a significant financial decision. We recognise that your time is valuable and that navigating the complex SMSF rules can be daunting.
Payroll Management
We offer a cost-saving payroll service that will get your employees paid accurately and on time, whilst keeping your company compliant with all legislation.
Migration Assistance Services
We have been working closely with a number of leading migration lawyers and agents to assist our clients to obtain Business Migration Visas (Visa subclass 188, Subclass 132, Subclass 888), Employer sponsored skill migration visas (the old 457 visa or the new TSS visa program).
Accounting & Taxation Services
We believe accounting services should be straight forward and stress-free. By providing cutting edge bookkeeping, accounting, taxation and financial solutions and using the right products for your record keeping, our team at Advanced Partners will work with you to understand your needs and help you achieve your goals, making it easier for you to manage your cash flow and meet your tax obligations.
While fiscal compliance is of the upmost importance, we at Advanced Partners also believe in offering management advice and support at all levels of our services. We are committed to offering the highest level of friendly and professional service and welcome the opportunity to work with you.
The areas we specialise in are as follows:
- Accounting & Tax Consultancy Services
- Personal & Business Tax Returns
- Annual Reporting
- Business and Tax Advisory
- ATO correspondence Management
- Self-Managed Super
- Cloud accounting experts
Business Accounting
Concentrate on running your business and let Guests Accounting take care of all your business accounting and taxation requirements.
Some of the services we can offer your business include:
- Accounting and bookkeeping
- Accounting software advice and assistance
- Business & company tax returns
- Taxation – GST & PAYG advice, BAS preparation
- Guests Accounting can liaise with the ATO on your behalf
- WorkCover: your obligations
- Audit advice & audit insurance
- Superannuation for you and your staff
- Business ‘start up’ advice
- Prepare Business plans and financial budgets and review regularly
- Measure your performance against industry benchmarks
- Trust & company structures
- Business Insurance
Personal Accounting
We offer a range of Personal Accounting services for individual employees. Our most popular Personal Accounting service is assisting with completing tax returns for individuals.
Tax returns can be complex and there are allowable tax deductions and expense claims that can be made that you may not be aware of. We can help you minimise your payable tax and potentially increase your tax return and make sure your tax return is lodged on time.
We also offer advice on:
- Investment properties, tax and negative gearing
- Tax & share investments
- HELP (higher education loans) debts
- Superannuation advice
- Advice on setting up a self-managed super fund (SMSF)
- Late tax returns
Bookkeeping & Financial Record Management
One of the most important steps in the preparation of financial information is the data entry. It is the vital part of your accounting process, ensuring that your financial information is up to date and accurate.
Our highly experienced team of bookkeepers will get the job done efficiently by using cloud based products and software shortcuts, leaving you more time to concentrate on your business.
Advanced Partners can take over all, or some of your bookkeeping activities allowing you to concentrate on growing your business. We can:
- Design, establish and review accounting systems and software
- Perform checks, reconciliations and end of financial year reports
- Manage your accounts receivable and accounts payable
- Ensure your business is up to speed with legislative requirements and management reports
- Undertake payroll duties and compliance
- Prepare and lodge BAS statements
- GST & PAYE advice
- BAS Lodgement
- GST Reconciliation
- PAYG Withholding & Superannuation reports
- Completing expense reports
- Direct to bank account transactions
- Organising your documents and records
- Data / ledger entry
- Paying bills
- Completing expense reports
- Direct to bank account transactions
- Provide general business administrative support
Business Advisory
Helping our clients grow, strengthen and develop their businesses is our main aim. Whether small, medium or large receiving expert help in areas such as strategy development, management accounting, cost analysis and budgeting is very important to attaining a business’s short and long objectives.
Our aim is to enable you and your business to maximise potential and profitability. We do this by providing the highest level of technical and commercial solutions to resolve issues that might impair the attainment of these outcomes.
We also have particular expertise in advising our private clients with family succession strategies that allows for the effective transfer of wealth to future generations.
Our expertise and time will help you attain your goals.
We specialise in the following:
- Corporate Structure
- Strategy development and facilitation
- Strategic board and management reporting
- Budget preparation and review
- Updating your business plan
- Business value maximisation
- Systems review
- Sustainability
- Financial diagnostic analysis
- Cash flow and profitability
- Business succession planning and implementation
- Business valuations for acquisition or sale
- Estate planning
- Asset protection structuring
Business Start-Ups & Structures
Choosing your business structure is an important decision and we can advise you on the best structure for your requirements. There are four main business structures commonly used by small businesses in Australia and we can help with them all:
Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
Partnership: an association of people or entities running a business together, but not as a company. A partnership is relatively inexpensive to set up and operate.
Company: a legal entity separate from its shareholders.
Trust: an entity that holds property or income for the benefit of others. Trusts require a formal trust deed that outlines how the trust operates, require the trustee to undertake formal yearly administrative tasks and if you operate your business as a trust, the trustee is legally responsible for its operations. A trustee of a trust can be a company, providing some asset protection.
It is important to note that you can change your business structure throughout the life of your business.
We can help with the following:
- Corporate Structures
- Updating your business plan
- Business value maximisation
- Systems review
- Sustainability
- Strategic planning
- Financial diagnostic analysis
- Cash flow and profitability
- Corporate compliance
- Formation of trusts and new company registrations
- Provision of registered office services for service of notices
- Attending to ASIC returns and regular filings on your behalf
- Business name registrations and maintenance
- Preparing minutes and drafting resolutions
Cloud Accounting
Cloud accounting is essentially your accounting software stored and accessed from an online server which allows upgrading of software, tax tables for payroll, also data backups are managed remotely and automatically by the software provider. This is a great time saver for any small to medium business owner.
Our solutions will help your business take advantage of an eco-system where your accounting software is the centre of all your information. From manufacturing, inventory, to customer relationship management (CRM), rostering/timesheets to payroll, you will be in control of every aspect of your business represented by a thorough reporting system.
Please do not hesitate to contact us for an obligation free consultation session on business software solutions. Our well-trained staff will provide you with the best solution that suits your needs and budget. With customised solutions, discounted software subscription, hands-on and personal training, we are committed to deliver you a quality of service that will meet and exceed your expectations.
SMSF Services
Setting up a Self Managed Superannuation Fund (SMSF) is a significant financial decision. We recognise that your time is valuable and that navigating the complex SMSF rules can be daunting. That’s why we offer an end-to-end solution, providing you with comprehensive support and expertise to effortlessly manage your SMSF. While SMSFs offer numerous benefits, it’s essential to consider whether it aligns with your specific needs. Our team can assist you in determining if this is the right option for you.
At Advanced Partners, we possess the ability, capability, and confidence to deliver exceptional SMSF advice and services. Our offerings include:
- Efficient SMSF setup and handling administrative tasks such as trust deed preparation and lodgement of relevant ATO statements.
- Superannuation consolidation to streamline your retirement savings.
- Ensuring your SMSF remains compliant with the ever-changing superannuation laws and regulations.
- Expert guidance on life and disability insurance options.
- Providing insight into the implications of ill health, death, relationship breakdowns, or waning interest when there are multiple SMSF members.
- Assisting in establishing contingency plans for managing your fund in unforeseen circumstances.
- Offering investment property advice tailored to your SMSF goals.
- Coordinating SMSF audits to guarantee adherence to regulatory requirements and accuracy
- Facilitating SMSF borrowing through our trusted third-party legal firm.
With our comprehensive SMSF services, you can navigate the complexities of managing your fund with confidence and peace of mind.
Payroll Management
Whether you’re just starting out, experiencing rapid growth or sustaining a mature company we have the solutions for your payroll needs. We know that accrual and recording of annual and sick leave is a headache most employers can do without.
At Advanced Partners we offer a cost saving service that will keep your company compliant with all relevant legislation and will processes your payroll on time and accurately.
We will save you time, reduce costs and offer flexible options.
We can assist with the preparation of:
- Pay slips
- Payment of salaries and other benefits
- Accrual of all types of leave and recording of leave taken
- Calculation and payment of superannuation
Migration Assistance Services
We have been working closely with a number of leading migration lawyers and agents to assist our clients to obtain Business Migration Visas (Visa subclass 188, Subclass 132, Subclass 888), Employer sponsored skill migration visas (the old 457 visa or the new TSS visa program).
- Prepare financial reports and Business Plan in a compliant format for migration purposes.
- Prepare statements of financial position of the Applicant and Sponsoring Employer.
- Undertaking due diligence on business and asset purchases.
- Buy/Sell Agreement and Negotiations
- Provide insights on compliance with the Points System necessary for the Government visa requirements.
- Provide tax and business advisory services in order for holders of the subclass 188 visa to meet the requirements of Permanent visa subclass 888.
