Services
Tax Compliance
GrowthLogic Advisors are your trusted partner in comprehensive tax compliance services that go beyond the numbers. We have designed our tax compliance offering to deliver a seamless and client-focused experience while ensuring your financial matters are in perfect order.
It is our commitment to effective communication that really sets us apart:
Video Messages: We believe in making complex tax matters simple. Our personalised videos accompany all our explanatory emails to you, ensuring you have a clear understanding every step of the way.
Lodgement Reminders: No more last-minute rushes. Our lodgement reminders keep you on track and compliant.
Records Requisitions: You'll always know what information we need from you. Our records requisitions make it easy for you to know what information we might be waiting on. These requests come straight to your email address for additional convenience.
Annual Tax Summary Report: Gain valuable insights into your financial position with our Annual Tax Summary Report. This report accompanies the year end work for all businesses we look after. It provides year-on-year comparisons, PAYG Instalment information, and other details that help you make informed financial decisions.
Access to Our Calendars: We make it easy for you to talk through questions you have by providing access to our calendars. This lets you schedule discussions at your convenience – without the inconvenience of phone-tag!
Our Tax Compliance services include:
Financial Statements:
Our experienced accountants meticulously prepare financial statements that provide a clear snapshot of your financial health. Accompanied by our Annual Tax Summary report – this process has been designed to give you confidence in understanding your tax position.
Tax Returns (Company, Trusts, Individual – including Sole Traders, Partnerships & Complex Structures):
We take the stress out of tax by expertly preparing tax returns for a wide range of entities, including companies, trusts, individuals, partnerships, and even complex structures. Our goal is to optimise the tax position of your structure, whether you have one entity – or a complex group.
BAS's (Business Activity Statements):
Navigating GST legislation is our forte. We ensure that your BAS is not only accurate but also filed promptly, helping you avoid penalties and keep your business running smoothly.
FBT Returns (Fringe Benefits Tax):
More important than ever with the ATO’s focus on FBT – we will help you to comply with the law, minimise audit risk – even if you are using Employee Contributions to minimise any fringe benefits tax payable.
Inter-entity Loan Agreements:
Our team will ensure that your inter-entity loan agreements are in place to confirm validate the tax treatment of monies moving between your entities.
Professional Firm Profits Tax Advice
If you are a professional operating a business, you are now required to review and document your profit allocations to ensure you are compliant with PCG 2021/4. This document is required to be provided to the ATO upon request. We will prepare this documentation for you and talk you through any resulting decisions to be made to remain in what the ATO are referring to as the ‘green zone’.
Additional Company Compliance:
ASIC Agent:
We act as ASIC Agent on behalf of your Company, and prepare the Annual Directors Solvency resolution as well as preparing the paperwork to action any changes required to maintain the Company records with ASIC.
Division 7A Loan Agreements:
We will organise the preparation of your Division 7A loan agreements. This complex area of legislation is currently under the microscope of the ATO and we make sure that all of the necessary documentation is in place for you to be compliant with the rules.
Dividend Statements:
We prepare Company Dividend Statements where dividends have been paid out as required by ASIC and to help the shareholders with their reporting obligations.
Additional Trust Compliance:
Trustee Distribution Resolutions:
Of more importance now than ever on the back of both the Guardian and Owie’s case we will make sure these annual resolutions are correctly drafted and in place. We will also identify any additional reimbursement documents required and prepare these on your behalf.
At GrowthLogic Advisors, we are not just your tax compliance experts; we're your partners in financial success. Let us handle the complexities while you focus on what matters most to you and your business. Get in touch with us today, and experience tax compliance reimagined. Your peace of mind starts here.
Tax Strategy
Are you tired of simply reacting to tax obligations at the end of each financial year? It's time to take control of your financial future with a comprehensive Tax Strategy.
What is a Tax Strategy?
A Tax Strategy is more than just a buzzword; it's your roadmap to financial success. Together, we'll craft a personalized plan designed to help you pay the right amount of tax while achieving your wealth creation goals.
While cutting taxes might seem tempting, it's crucial to think long-term. Simply spending profits to minimize taxes can backfire by potentially limiting your access to finance from lenders. Our Tax Strategy considers your short, medium, and long-term objectives, not just immediate tax savings.
Planning for Your Wealth Creation Goals:
Your dreams of homeownership, providing for your children's education, or a comfortable retirement can become a reality with the right financial decisions. A Tax Strategy empowers you to make informed choices about saving, investing, and managing your money, bringing you closer to your financial goals.
For instance, you can strategically boost your superannuation contributions to secure funds for a future business property purchase. Alternatively, we can help you structure your income to access financing for a property acquisition. These decisions are best made well in advance of year-end tax deadlines.
Our Process:
This advisory service is designed to work with you, aligning your wealth creation goals with actionable steps for the current and upcoming years. We continually review and refine your strategy each year, adapting to changes in your business landscape, tax laws, and emerging opportunities that may present themselves.
Transform tax planning from a mere compliance task into a vital component of your overarching business strategy.
Developing a Tax Strategy enables you to:
Optimize your tax position
Ensure tax compliance
Proactively work towards your wealth creation goals
Advisory
We offer comprehensive Advisory for Businesses most commonly this involves:
Structural Advice
Business Restructuring including Capital Gains implications
Sale of a Business and the potential application of the Small Business Capital Gains concessions
We also invite each Business to sit down and talk through all aspects of your business each year to identify opportunities to best utilise current tax legislation to best plan for and control tax over the next few years and review any changing circumstances for potential restructuring opportunities.
This is the most important conversation we can have together.
After this comprehensive discussion, we prepare an Advisory Document for you to refer back to over the next few years.
Succession, Wealth Protection & Estate Planning Advisory
Our SAPEP Advisory offering is designed to protect your family’s financial future by establish a robust plan to legally minimize taxes and shield your assets from potential litigation, giving you peace of mind.
The first step in this process is to sit down with Emilie, who is one of the founding members of SAPEPAA – the industry association in this specialty area.
This meeting will allow Emilie to assess your asset risk profile - evaluating potential litigation risks, to review your existing business and investment structures, and understand your estate planning priorities.
Emilie will then put together a comprehensive Recommendations advisory document tailored to your situation. This document will be shared with you for review, accompanied by an invitation to discuss these recommendations in further detail. Additionally, an Implementation Engagement will be provided to outline the associated costs, allowing you to make informed decisions in securing your assets and estate.
Throughout this advisory process, our commitment is to simplify the complexities, empowering you to make informed decisions for both yourself and your family.
Bookkeeping & Payroll
Our Bookkeeping service is designed to deal with the heavy lifting of your record keeping – freeing you to be a better leader and decision maker in your business.
We allocate the bulk of transactions daily, so that you can get a good picture of the financial position of the business in a timely manner.
We can even help with tasks like matching payments you receive to invoices and sending receipts; creating an Invoices to Pay report for you to review and upload to your bank using an aba file to pay or even following up your debtors.
Software plug-ins (for example HubDocs, Deputy, Timely & Tradeify) are not a problem.
We are a Xero Gold Partner firm, however we can look after your bookkeeping in Quickbooks and MYOB Essentials.
We would love to sit down with you to understand the financial information you use in your decision making to see if we can further shape your Chart of Accounts to better deliver the information that is useful to you. It’s different for every business!
Running a business can be hectic, so once a month is wrapped up we send you some basic reports to make sure you are seeing the information that matters. We can do this more often if you like.
Our Bookkeeping service is collaborative in approach – so if there is a way we can reduce your administrative workload – just let us know.
Payroll
Would you like assistance in preparing your pay runs or perhaps just the STP Compliance?
This is a part of our core Business Services offering. We will ensure your payroll is processed, pay slips are sent to your Team and pay runs are lodged with the ATO for STP Compliance.
We can even assist with your Team Member onboarding process – including things like the collection of tax and superannuation information, lodgement with the ATO, preparation and provision of Letters of Engagements and the provision of the Fair Work Information Statements.
Cashflow Advisory
At GrowthLogic Advisors, we know that cashflow management is the cornerstone of financial success. That's why we offer a comprehensive Cashflow Advisory Service designed to empower you to achieve lasting stability and success.
We understand that every financial situation is unique. Our Cashflow Advisory Service begins with an upfront Zoom meeting and continues with regular follow-up meetings designed to help you meet your financial objectives.
Upfront Meeting
We start by sitting down together to discuss your Cashflow objectives. These objectives might be either aspirational or revitalising in nature. You may be looking to start a property portfolio through self-managed superannuation or you may be looking for help you get back on track and enjoying life by bringing your ATO debt under control.
We explore your cashflow objectives and the challenges you may face in meeting them.
We then use this information to craft a personalized Cashflow Forecast model tailored to your unique financial circumstances. The model takes into account your income, expenses, anticipated changes, and tax outflows.
It becomes your dynamic financial tool, helping you visualize and plan your financial future.
We will then sit down together to talk through the model with you to discuss model assumptions, variables, and potential scenarios.
With your feedback and input we will make any necessary adjustments to the model so that you can get started!
Monthly Ongoing Support
Our commitment to your financial wellbeing doesn't end with the model creation.
We will use monthly Zoom meetings to monitor your cashflow, address any emerging issues, and dynamically adjust your strategy as needed. These meetings ensure that your financial strategy remains aligned with your goals.
Don't let cashflow challenges hold you back. Your success is our business, and we're here to make it happen.
Business Development
We offer business development across a wide range of key areas including; vision & purpose, market positioning, customer insights, value proposition, advertising & communication, information & data systems.
Our process is outcomes driven, working with you to explore potential strategies along with how they will be achieved. Key performance metrics are created to monitor the progress and reviewed for developing further insight.
Business development services can be delivered through consulting meetings, workshops, or ongoing advisory.