business services

What is the correct structure for setting up a new business? We can provide advice on whether you should consider establishing a company, discretionary trust, unit trust, partnership or a sole trader. Each of these structures has a different outcome from a taxation, asset protection and personal liability viewpoint. Included with the best structure is the preparation of applications for Tax File Numbers (TFN) and Australian Business Numbers (ABN) as well as registration for Goods and Services Tax (GST) and PAYG Withholding. We consider your plans and your individual circumstances when setting up the business structure that is right for you.

Brookshaw & Associates is a registered ASIC agent and as such can assist with all ASIC enquiries whether that be lodgement of forms for changes in a company to forms to register a new business name.

advisory specialist

Talk to us about training your staff, preparing or reviewing your BAS, lodging compliance documents throughout the year, tax planning or just providing assistance when you need us. However you decide to draw upon our experience, you can trust us to provide specialist advice in areas of business, accounting and taxation.

bookkeeping services

Our bookkeeping staff and Accountants are experts in the field of cloud bookkeeping including payroll processing. This service facilitates initial software set-up and the timely preparation and lodgement of Business Activity Statements (BAS), PAYG Certificates, Superannuation Guarantee Compliance and Return to work SA (WorkCover) reconciliation.

performance advice

Many business owners only consider the performance of their business once a year when they receive annual financial statements. This can result in outcomes that should normally be known earlier. By using more efficient technology such as cloud accounting, we regularly help our clients through analysis and regular reports on business performance including any issues or trends that may require attention. We can periodically meet with our clients to discuss areas of concern and consider changes that will lead to an improvement in overall business performance.

capital tax gains

The sale of a business and personal assets can result in significant capital gains tax being payable. We can advice on the proper structuring and ownership of assets, (especially when setting up a business), as well as the careful consideration of the timing and method of selling those assets (especially when selling a business or real estate) which can result in considerable savings.

CLOUD ACCOUNTING

XERO, MYOB and QuickBooks online all enable efficient bookkeeping and accounting records to be maintained in a cloud environment. This process allows year-end tax and accounting obligations to be completed quickly and cost effectively. In addition, live data provides an opportunity for better monitoring and decision making in a business environment. Talk to our expert Accountant about choosing and running the best cloud accounting software for your business.

company & family trusts SEt UP

We have close relationships with service providers who can efficiently provide the relevant legal documentation for establishing new entities. Our service includes the arrangement of TFN, ABN and GST registration, and WorkCover and PAYG registration if applicable. We can also provide assistance when changes to legal documents are required.

accounting & taxation & compliance

Brookshaw & Associates has the expertise and experience to look after all your accounting and taxation needs. Our comprehensive services benefit businesses in every industry and for Individual, Partnerships, Companies and Trusts. These include but are not limited too;

• Income Taxation Returns

• Financial Statements

• Business Activity Statements

• Capital Gains Tax

• Rental Property Schedules

• Assistance with Australian Taxation Office enquiries including reviews, appeals and objections

• Tax Advice & Planning