Geilings Grimwood offers a broad range of services to our clients. We aim to provide a professional service to maximise the rewards to our clients in return for the efforts they put towards their business and profession.
Our services include:
Business Advisory
As accountants we offer a valuable service to our clients, assisting with their financial reporting for internal & external purposes. We also provide advice assisting clients with the management of their business.
Our services include:
- Preparation of financial statements
- Analysis of financial statements
- Preparation of trading & cash flow forecasts
- Tax Planning
- Succession Planning
- Estate Planning
- Business/Investment structure advice
- Review of Industry benchmarks
- Assistance in completion of applications for government grants & registrations
- Advice re financing alternatives
Superannuation
Superannuation is a growth industry and more and more clients want to control their retirement savings by establishing a Self Managed Superannuation Fund (SMSF). Geilings Grimwood provide advice & assistance to clients to ensure they satisfy the legislative requirements of operating a SMSF and maximise tax & retirement savings within their SMSF.
Our services include:
- Assistance establishing a SMSF
- Preparation of financial statements of SMSF and arrange independent audit service
- Preparation of SMSF taxation return
- Calculation of member balances
- Calculation of minimum & maximum pension requirements each financial year
We provide advice surrounding:
- Tax benefits of concessional and non-concessional superannuation contributions
- Tax benefits of commencing a Transition to Retirement Income Stream or Allocate Pension
- Strategies to increase the tax-free component of superannuation balances
Taxation
Tax compliance is a core service we offer to our clients.
Our services include:
- Income tax return preparation for:
- Individuals
- Partnerships
- Trusts
- Company’s
- Self Managed Superannuation Funds
- Fringe Benefits Tax returns
- Business Activity Statements
- Instalment Activity Statements
- ASIC annual company statements
Imperative in the preparation of the above taxation returns is our knowledge of the Australian tax system. In particular our expertise in the area’s of:
- Income tax
- Personal Services Income
- GST
- GST Margin scheme
- Capital Gains Tax
- Capital Gains Tax Small Business Concessions
- R&D Tax offset
- Div 7A provisions
- Superannuation and the related contribution caps
- Payroll tax
- Land tax
- Stamp duty