PERSONAL TAX & TAX PLANNING
The term ‘self assessment’ is proving to be one of the most misleading aspects of our tax system. Many taxpayers struggle to understand the complex tax returns and how to complete them correctly. As soon as your tax return is lodged it is data matched against an ATO occupational database.
We will be able to save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary calculations, complete your tax return, and offer advice on how you can control your tax liability.
We can act as your agent, dealing directly with the Australian Tax Office on your behalf and, should you be selected for an enquiry or audit, act for you at any meetings.
With the tax system becoming more complex and more emphasis being put on taxpayers’ individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.
We are the tax specialists. We can provide you with year round tax advice on:
- Income tax
- Capital Gains tax
- Estate tax planning
Every dollar of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains and every more benefit for your beneficiaries.
Make sure you take full advantage of the tax saving opportunities open to you.
The information in this site is of a general nature and is not a substitute for professional advice. You are recommended to obtain specific professional advice before you take any action.
We strive to support our clients by assisting in the design of efficient accounting and record-keeping procedures. These can be implemented on or off site, by our team or yours. As a client of TSI Accounting you have the choice of maintaining your business records and we simply review your payroll, GST or financial records on a monthly, quarterly or annual basis. We are able to review this data and summarise it in a variety of financial formats to meet internal and external requirements, and for use by management in future decision-making
If you are a proprietary limited company then you are required to prepare annual accounts We can help you do this so you can spend more time concentrating on your business.
We have made a conscious decision not to carry out regulatory audit work because we do not believe it will add value to your business. It also distracts our attention from the service that we feel you need. In order to provide an audit we would have to prove ourselves to be independent from our client. This is the last thing that we want to be as we want to be an integral part of your business
CORPORATE TAX PLANNING
Corporate tax represents a substantial part of your trading costs. The increased reporting obligations, robust investigation policies of the ATO and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.
We offer a range of services to help minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
- Business structure review/set-up and determining the most effective structure for your busines
- GST and BAS review/preparation
- Cash flow analysis
- Payroll maintenance
- Taking full advantage of tax savings and relief
- Statutory Register maintenance
All services we provide add value to your business– we measure our success on your success.
BUSINESS START UPS
Most people starting in business do so because they have a good business proposal and the passion and commitment to see it through, not because they are experts in the legal and financial aspects of running a business.
These matters can often seem to discourage an entrepreneurial flair. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of qualified experts.
The team at TSI Accounting can help you implement your business ideas and help you to evaluate them in a constructive and realistic manner. We can help you:
- Decide on the most suitable structure for your business to protect your assets
- Prepare a business plan, cashflow projections, budgets, and trading forecasts
- Assess your finance requirements and recommend sources of finance for your needs
- Establish a good working relationship with your bank
- Complete the necessary registration procedures with ASIC and the ATO
- Deal with company secretarial issues
We can relieve business owners and your staff of a burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
Our first step is getting a full understanding of your business. We then tailor our approach to meet your requirements so we can provide the service you need.
Besides your bookkeeping, we can also maintain your GST records and help with the administration of your payroll.
We are positioned to assist clients to optimise their businesses, investment and taxation affairs, and to deal with constantly changing, complex rules and obligations.
The team at TSI Accounting has extensive knowledge of the taxation rules and obligations of rental properties. There are a number of factors that must be considered when making property decisions that will impact your tax position, cash flow and loan structuring. Property investment is a major commitment and we advise our clients to consult us before making a decision regarding a property sale or purchase.
There are more than 500,000 Self Managed Super Funds (SMSF) in Australia, and each one of these require Annual Accounts, an Annual Audit and Tax Returns to be submitted to ATO.
SMSF’s enjoy tax advantages like all Super Funds but are also subject to very strict compliance laws. The annual Audit determines if an SMSF is a “complying super fund” and hence continues to enjoy tax advantages.
There are also many complex rules about what an SMSF can invest in, and under what circumstances it can borrow funds.
These complexities mean that the services of an appropriately qualified Accountant are required to ensure that what you propose to do does not render your SMSF non-compliant.
TSI Accounting has extensive expertise in the area of self-managed superannuation. We provide administrative support to clients with their own Self Managed Superannuation Fund (SMSF), utilise state of the art software to meet reporting requirements and comply with regulations while reducing overall service costs.
TSI Accounting works closely with investment advisors, whether it is our recommendation or your preferred advisor.
WEALTH & RISK SERVICES
At TSI Accounting, we are constantly striving to improve and add to our services to better meet the ever-changing needs of our clients. We care about more than your accounting needs; we are a hub for all your financial needs.
Our team are qualified and focus our resources on providing the best Accounting service to our clients. We work with trusted associated professionals to provide you with an integrated approach.
- Legal services
- Financial advisors
- Business brokering
- Residential brokering
- General and Life Insurance
OUR CLIENTS AREN’T JUST ANOTHER NUMBER!
We partner with our clients to help them succeed, adding value and being there every step of the way. At TSI Accounting we care about your financial requirements and your financial needs.