Services
Taxation
We can help you or your business navigate the complexities of each obligations so that you can minimise the impact tax upon your business decisions and meet reporting and compliance requirements
Tax Planning
- As a taxpayer, you have the right to arrange your financial affairs in a manner that remains legal but which minimise your tax liabilities. Our advice is tailored to meet your specific business needs and goals. We help you plan ahead and find opportunities that could help reduce your tax exposure.
Tax Structuring
- Deciding a legal structure for your business is an important decision. You may choose to do business as a sole trader, in a partnership or through a company or trust. We will analyse your financial circumstances and advise on the advantage and disadvantage of each structure, finding the right structure that suits your and your business.
Income Taxes
Whether you have a one-off tax question or need ongoing support, our team can provide expertise on income taxes for both individuals and businesses:
- Ensure you understand and meet your tax compliance obligations – preparation and lodgement of annual income tax return for different entities
- Plan your tax in relation to specific transactions or activities
- Address tax residency issues
GST and Indirect Tax
We provide advice on and management of indirect taxes in the following areas:
- GST – preparation and lodgement of business activity statements
- Land tax – registration of land tax
- Stamp duty
Fringe Benefits Tax
Our team will ensure you are meeting your FBT obligations, helping you:
- Understand how FBT works
- Identify when a fringe benefit is provided
- Access available exemptions
- Communicate with your employees
- Liaise with the Australian Taxation office on FBT matters
ATO Dispute Resolution
- Disputes with the ATO arise from time to time. Our team is experienced in resolving these disputes to achieve the best solution for our clients. Our success is built on taking the time to get to know you and your business.
Tax Audit
- The Australian Taxation Office has increased its audit activity in recent years. Our team will reduce your risk of non-compliance, help prepare your business for a potential ATO audit, and in the event of an audit, liaise on your behalf.
Business Advisory
Financial Reporting
- We stay up to date with reporting requirements and standards, making sure the reports that we prepare are informative and in accordance with legislative requirements.
- In addition to reports preparation, our team perform different financial analyses which help you better understand the financial health and performance of your business, and guide you on different decision makings.
Strategic Planning
- Our strategic plan will consider issues such as market development, coping with growth and succession planning. It will provide both today’s management and tomorrow’s with a firm foundation on which to make their decisions – now and many years down the track.
Succession Planning
Our team will have through discussions with you and carefully consider within each personalised plan. There are a number of succession options available to you to ensure the value of your business is protected, including:
- Sale of business
- Generational succession
- Management buy out
- Structured realisation of assets
Business Health Check
- Our team will help you to become fully informed on financial indicators within your industry, find new efficiencies and improve productivity.
- We understand that one size does not fit everyone. Our recommendations to you are based on personal attention combined with flexible and customised strategies to improve business performance.
- Our business health check includes Key Performance Indicators review, business structure review, cash projection and info workshop
Wealth Creation
Retirement Planning
- There is a growing trend that Australians are retiring earlier from full time employment and generally living much longer than previous generations. At this stage of life, maximising your income is critical. We take all factors into account when advising you of the optimum strategy to maximise your income, minimise tax and optimise social security benefits.
Self-Managed Super Funds
- Superannuation is one of the most tax-effective ways of saving for your retirement. The maximum rate of tax payable on earnings in your super fund is 15% and withdrawals are tax free from super once you turn 60, meeting the conditions of release.
- Superannuation legislation is complex. Our financial services team has the breadth and depth of experience to ensure you will receive practical ad timely advice.
Estate Planning
Our effective estate planning will:
- Deliver your assets to the people you choose
- Maximise the after-tax value of your assets
- Build financial security for your dependents
- Make it as easy as possible for the people you leave behind to handle your affairs
Cloud Accounting
We understand cloud technologies will continue to transform all business. We are embracing this technology change and exploring cloud technologies to streamline our own business.
- Managing your business’s books has beer been easier with the introduction of online accounting (cloud accounting)
- Cloud accounting is an exciting new way for small business to operate accounting software directly on the internet, minimising your risks with back-ups and removes the need for accounting software upgrades. Plus, you can share information directly with your accountant without needing a disk or USB stick.
- CO Partners is a certified XERO advisors. To see how cloud accounting can help your business, contact our team for information.
The “monthly figures” are now a thing of the past – everything is available in real time.