Sydney CBD Accountants & Advisers
Hello, we are
Phone number: 02 8318 1501
Office Address: Suite 10, Level 14, 528 Kent Street Sydney
This office is operating independently by the Allied Partner “Will Alan Accountants Pty Ltd” (ABN 56 610 301 721) .
How Can We Help
Consider us as an one-stop tax shop, guiding you through this mist of accounting and tax responsibilities, with the ultimate goal in getting you the Maximum Income Tax Return that you are entitled to. We streamline your Tax Return with a detailed review all your accounts records. If any anomalies or problems detected, we can provide alternative solutions such as defer payment of tax or set up a payment plan with ATO that works well with the situation in giving us to sort out the problems that occurs.
We often will find things that other people miss. From large offsets to small deductions, we do our best to claim every possible tax rebate for you. Nothing is ever too small to claim.
We charge genuine pricing and never discount our quality of service.
At Tax Ideas Accountants & Advisers, we provide all-inclusive support services for SMSF. If you are seeking more control over how well you can manage SMSF, this is the perfect place to begin with. We assist you in setting up an account and monitor it to make sure that it complies well with the obligations.
With the industry’s growth comes more stringent regulations that present new challenges for other professional accountants and professional advisors. Our SMSF accountants in North Sydney are amongst the most talented and experienced professionals in the country. We find out the potential opportunities and build unique new strategies as per our clients’ requirements. Irrespective of deciding between switching to SMSF or you would like to learn more about this area, unbiased professional advice today
We are licensed and experienced to provide financial advice to support and maximise client’s potential with our rich experience in different industries for 25 years. Where the information relates to a specific financial product, consider the product disclosure statement prior to making a purchasing decision.
Our financial knowledge is measured in terms of advanced qualifications, professional reputation and industry tenure. And, our relationship with clients is based on trust and providing a great value that helps them stay ahead.
If you have just moved to Australia and plan to reside here permanently, you have to file for returns according to the existing taxation laws. You should show the income you have earned no matter what the source is in your tax return. You can claim the benefits that come in the Australian tax system, like the tax-free threshold, Tax offsets, and lower tax rates in general.
There are various aspects that foreign residents can claim that are slightly different from locals. At Tax Ideas, our tax accountants tailor your package to an individual’s needs and status. We have extensive experience in handling tax returns for foreign residents in North Sydney.
The Tax Ideas Accountants & Advisers provides reliable accounting services for businesses that tailored to any specific business needs. We can help you to maintain accurate records accordingly as for GST purposes through cloud-based systems. Regular management accounts include Individual Customer Account Balance, Supplier Account Balance, Payroll Account Balance, Miscellaneous Account Balance. We take away the hassle of bookkeeping and offer a fixed competitive fee that are payable on a monthly basis. Having a cloud-based system also means that you will have access to your books 24/7. We take charge of your financials and give you back some of your free time. Our Sydney based Bookkeepers can work a few hours a week, a few days a week, monthly or quarterly – it all depends on your requirements. You can relax while knowing that your paperwork is getting done in a timely, efficient and accurate manner. Don’t continue to overwhelm yourself by doing all of your own bookkeeping.Stop worrying about the mess your paperwork is in and struggling to meet Bookkeeping deadlines. Let us give you back time to do what you love and to grow your business.
Business Activity Statement (BAS) is a fact of your business life which can be either a monthly or quarterly basis. It summaries the Total Amounts of GST payable and receivable for a certain time, including PAYG and ABN withholding tax.Tax Ideas Accountants & Advisers can help you to identify the need to register GST at the outset and continue to monitor your tax return, so that we can ensure the compliance of current tax law. In addition, should there be a need to cancel your registration of GST for some reasons, we will notify you on a timely manner. In determining the most suitable GST schemes for your business, we also need to look at the type of business that you are in and the eligibility together, as some GST schemes may entitle you the right to a certain amount of tax savings.
Tax Ideas Accountants & Advisers are here to help, for that we are fascinated by numbers and data, better at planning ahead in detailed reports on pay runs. Keeping track of superannuation schedules for all employees is a daunting task as it you can not afford to get it wrong.
Leave it to us as Tax Ideas Accountants & Advisers does your math and stay on top of all ATO and new rulings & requirements to ensure payroll is accurate and payment is made on time. We employ different ATO – approved software, Xero, each employee can edit their personal details, submitting leave, add & adjust their own time sheets. Towards the end of each week, weekly time sheet can be automatically locked in and submitted to you for review.
Year End Financial Account is also of great importance as it is the main source for preparing company’s tax return at year end. Consequently, we will ensure that you are entitled to the right to the rightful amount of tax claim. Having accurate, timely management information can assist you in managing your stock levels, your customer balances owed, your supplier balances due and your cash flow. Preparing a Year End Financial Accounts can be a daunting task, Tax Ideas Accountants & Advisers are here to make your life easier by taking over the task and carry out the Year-End procedure. Whether you are a sole proprietor, partnership or limited company, letting us prepare your year end accounts will relieve you of what can be an extremely stressful and time-consuming exercise. Our accountants offer competitive pricing with flexible appointment times and are dedicated to offering a professional, friendly service. We will make any necessary adjustments so that your Year End Financial Accounts agrees with financial statements.
As this is one of the more complex tax lodgements, many companies make incorrect Tax Return Lodgements due to not fully understanding what is Fringe Tax Benefits and how it is applicable to them. There are many different categories of Fringe Benefits Tax that you may not know about. Our professional and friendly team will also help you understand how Fringe Benefits Tax works, advise on available exemptions and help liaise with the Australian Taxation Office in relation to your Fringe Benefit Tax matters.
Our experts at Tax Ideas Accountants and Advisers can help you and your business understand Payroll Tax obligations, whether you are located only in New South Wales or all across Australia. By providing a single point of contact, we can help prepare and guide you through your payroll tax obligations alongside other taxation needs.
Mr Wong is a new migrant from HongKong. He has accumulated a decent amount of wealth overseas and came to Australia to enjoy the retirement life. He’s worried about Australian tax burden on his existing asset portfolios after becoming Australian tax resident.
We have reviewed Mr Wong’s situation and implemented a series of preparation plans to minimise the future tax burden. He is now enjoying his Aussie life with a peace of mind.
We were completing Peter’s individual tax return and 360 degrees reviewing his tax position as usual. We found Peter was paying enormous amount of insurances within his superannuation fund that he has no ideas of. Such a large amount of insurance premium is eating into his superannuation balance and can cause a serious issue when approaching retirement.
We have completed a factor finder session and identified the real needs for Mr Smith. We have saved Mr Smith 30% insurance premium ($3,500) a year and made the premium structure more tax deduction friendly.
Mary would like to boost her superannuation balance, so she can use it to fund her future retirement. May has a fully paid off commercial property but she doesn’t have enough liquid cash to make any large contribution to her Superannuation fund.
After completing the Statement of Advice, we have set up a SMSF and a custodian trust for Mary. Portion of her commercial property was transferred over as in-specie contribution while the rest is through LRBA with a related party borrowing arrangement. As Mary have engaged the full service, we have also requested the stamp duty on the transfer of property from $25,000 to be reduced to only $500.
Book Your IDEAS Session Today In Our Live Calendar
How can we help you today?
Ask a question and we will get back to you shortly.